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Three POAs all equal is going to be impossible to manage financially. There must be one POA responsible to be on checks, to be bill payer and to keep records and be on the account.
People think that POAs pulled offline are adequate. When they get into the banks they will find out that generally they are not. The reason for this is that they are often only signed by a notary. A notary means nothing but that a signature was witnessed. The person could be entirely senile. Banks are very protective of the accounts.
If you are this lacking in information about POA it is time for ALL THREE of you to get to an Attorney. This is a legal financial fiduciary duty and it is held legally to a VERY HIGH standard. There is no ignorance pleading before a court, so you need, quite honestly to understand everything about what a POA is, and how to manage it and keep records.
The bank's financial manager can be of good guidance to you as well.
Others have given you good advice regarding how to manage the financials - although messy I suppose if you get everything organized and strictly aligned that part can be managed.
From the "everything else" standpoint - does your MIL have a living will? Hopefully so. Because here is the reason most people have ONE POA. That person is selected to make choices - THE WAY THE PERSON WOULD DO SO - in the event that they aren't able to make those decisions for themselves. One person making choices. One single point of contact.
When you have more than one- the risk is increased that those people will disagree. Even in the happiest, most content, agreeable families - people disagree. Often on critical, important decisions that consensus is REQUIRED.
I'm am assuming that your MIL is of the belief that all three POAs will be in agreement on everything and never run into any issues during which they will argue or not be able to come to an agreement. This is a dangerous game to plan if HER expectations and requirements are not already documented. (Examples include DNR, No heroic measures, no food or water to prolong life, no machines, etc)
What happens if one wants to do one thing and the other two don't? OR if all three have a different plan?
Crossing my fingers that this works out well.
Keeping my fingers crossed as well, however, I think that Stacie will be back again when the real fun starts.
If it isn't outlined in the document (or not clear enough) then you should take it to an elder law attorney and consult about a best methodology. then do what is recommended.
I have a credit card on one of Dad's accounts - since I'm the co-owner of the account with him since he can no longer made financial decisions. I use the CC to pay the care home.
This is going to be interesting with 3 POA's,