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Some people go with the primary POA as the older adult child or one who lives closer by and put the other one as the alternate.
It's A LOT of work. I wouldn't volunteer for it. I found out that it's a huge responsibility.
It is good to have a main Power of Attorney and if that person is unable to make decisions, then the second name on the POA comes into play. Or you can both had equal power, but only if you both think the same way.
It might be a fine distinction, but it's one that needs to be made. You act in your parents' best interests, on their behalf.
Primary and secondary POA is much wiser especially when siblings are far apart or one is shouldering more responsibility or knowledgeable about parents needs.