<prompt> Human: So over the holidays my siblings and I got together to discuss the future financial welfare of my parents. My parents are in their mid to late 50s, practically live paycheck to paycheck and have no savings. The only thing they have going for them is their house. My wife and I make the most money out of my siblings by a lot close to 200k but we didnt want to be the only ones to financially support my parents in their twilight years. After deciding that the best way to support our parents was to be financially solid ourselves, the siblings and I decided to open a joint account that we would all deposit 20 a paycheck into. This money would be used for upkeeping the house and for future renovations. There are 7 kids in the family so this joint account would build up a good amount of money throughout the year.So my questions is what would be the best way to collect and hold this money? I am currently thinking of setting a PayPal account that we can all access and deposit into, but is there a better way?Im also thinking of setting it up so only me and my brother can withdraw from it. I trust all my siblings but you never can tell when it comes to money.Thank you  <response>: Im also thinking of setting it up so only me and my brother can withdraw from it. I trust all my siblings but you never can tell when it comes to money.So you dont trust your siblings, but they are expected to trust you and your brother? 