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The boys remained as POA's and the one YB was still executor. When mother passed, the POA's were null and the executor took over.
While it could certainly be different from what we experienced, I think in most cases, the POAs and executors stay the same.
HOWEVER--In my case, if I pre-decease my DH, he will make our son his POA and executor both. Right now, our oldest daugter is our POA and executrix. (This has rankled my DH's soul for the last 25 years. He doesn't think a woman can handle this kind of stuff. My son may be an attorney, but he does not live here and he is a hothead and irritates the heck out of all of us. I wouldn't sign our wills with him as POA/executor. My daughter is far better suited to the job. Just saying.)
Executor takes over. But only for DECEASED person. You remain POA for the living person.
You will give all records of accounts and etc that you are on over to the executor of the will for the parent that has passed, or make copies. You still are POA for the living person, so will remain on accounts they inherit or are held in common by marriage.
As another brother is to be executor for the elder who passes, the fact you get along is wonderful; otherwise an attorney could well handle things, and is paid for by the estate and the POA for the elder still living.
My parents' wills both said "I leave everything to my husband/wife," so nothing changed. Once my mother died (the last to go), I changed my POA hat to an Executor-type hat (specifically, I was the Trustee, not an Executor), and went about distributing the assets.
But bank and investment accounts accounts are usually jointly owned with rights of survivorship. The second to die spouse still needs to pay the bills so it is important to get to the bank and get the joint accountstransferred to the surviving spouse. Ordinarily, the executor contacts the attorney who drafted the will for guidance. Elder law attorneys deal with this issue all the time so it is well worth the money to have your parents estate planning/elder law attorney assist you and your brother with dividing up the work.
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