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I myself would attend an elder law attorney with this gentleman. POA vary a whole lot, and dependent on his assets, his needs and his requirements those things will need to be individually written into the form in legalese. You need also to understand your own Fiduciary Duties well before taking all this on. They are legal duties of the highest requirements. If you do financial POA for him you will need to be accountable in black and white for every penny into and out of his accounts.
Have the two of you discussed what type of care is needed? I agree with others that he is quite young still. There is ALF, B&C, Independent Living. Much will depend upon assets. When they are spent down he may need to apply, with your help, for medicaid in your State.
There is a lot involved. One hour's time spent in an elder law attorney office will let you know what you are looking at.
Google will tell you what facilities are in your area and they will be pleased to show you two around, let you know what is available and you can discuss costs. When my brother, years ago, began looking for his ex-partner he used a service quite similar to A Place For Mom. You let them know assets and needs and they take you around to places that best match. They are paid by the facilities.
Try to take it one step at a time. A strong POA and a visit to an attorney is where I would start. I surely do wish you the very very best.
I would start searching by joining Nextdoor.com. This local intranet gets you connected with non-anonymous neighbors in your community and they'll pour out all sorts of honest and currrent information. They will probably give you costs, too.
Feel free to PM me if you want more info specific to MN. I'm in the Twin Cities SW metro area. My MIL is in Presbyterian Homes out here 3 miles from my home (PH has many facilities in MN and are extremely well-run, with a long-standing excellent reputation).
Best wishes to you both.