Would you tell your married kids everything about your finances ?

I don't see the problem of my children knowing about our finances. Everything we have left when our days are over will be there's anyway....

We’ve got a wall safe. Important stuff all in there, when it’s needed.

My kids have LPA (POA) with regards to us.

All sorted.?

I have a similar book called “Sorry For Your Loss: It’s Me.” Despite the somewhat flippant title, it is really useful in terms of having multiple sections in which to record your information and wishes - including details regarding your pets, etc. Like everything else in the universe it’s available on Amazon.

A few years ago, one rainy morning, my DH & I made a word doc "in case of emergency" which we sent to our 2 ACs by email.
It prompted us to check that the deeds of our house were still safely lodged with our solicitors who had recently merged with another law practice.
Shockingly, we found that they didn't have the deeds because they had been retained by our old Building Society who mistakenly thought that
we still owed them £280,000 after the sale of our last house!.
It took several (worrying) months to sort this Huge Error out but imagine if we'd both 'fallen off our perches' together and our ACs had genuinely thought that we did still owe the money!
In the email we stated in plain English what our financial situation was, life insurance policies, any outstanding loans and code to our home safe.
I recommend that everyone does this (if they trust their nearest and dearest).

We made both DC POA when they were 18 / 20 (and each other).
DH taught them both financial management and they know what we have and we know what they have.

Not the total.
Keep a notebook with up-to-date info about assets, and location (e.g. bonds, jewelry).
My husband and his brother were coexecutors. It was awful. If they don't agree, who decides?
Don't name someone who you don't trust to be fair and honest in dealing with siblings.
Can complete paperwork to add the POA person to your bank account and 1. Not tell them before needed (in the notebook) or don't turn the form into the bank in advance (leave it in the Notebook). Tell them where the notebook is. It also can help your spouse.

To kircubbin2000 whose son wants her to make more gifts … you can have the same tax avoiding effect by spending more money on yourself .. cars, holidays and fun!

Also, for the gift thing to matter I believe you’d have to be leaving around £300,000 more than the value of your house if the house Is going to your children

At my age my children have POA and I never worry about it. Son I live with is the executor of my will and my money and possessions are simply shared by them all when I die. I joke about it with them as given the state of the economy the paper value of my assets has suffered and they had better keep me alive until prices recover. I think such joking may be an Australian black humour sort of thing. If any of my children were in financial difficulty I would help them. Now I am an aging widow I do not expect to travel and I never buy new clothes. So my needs are simple and I spend more on my dogs vetting and grooming than I do on myself and I am content with my financial affairs. I am neither rich nor poor, That is good enough for me.

I wouldn't discuss my finances with anyone , however my children know the contents of my will and have copies of it.
My daughter who I trust implicitly has POA for both financial and health but only if I am at a stage where I am unable to make decisions on such myself.
Simple ?

No, not their concern.

Apart from knowing that we’re okay financially and us knowing that they are, none of us need to know more really.

In the event that we fall off our perches or become incapacitated, I have a spreadsheet with details of absolutely everything, including policy numbers and contact details. They all have the password. But I think I”ll just send them it again, just in case….