Hi Cyberfreak,
Why are you using two P-channel Mosfets connected in series, with the top one with its drain and source backwards? ???
The bottom Mosfet by itself will work fine (its source connected to the positive supply) but the supply for the Cmos gate driver IC must be at the same supply voltage. If the logic supply voltage is less than the load voltage then the P-channel Mosfet will never turn off. In that case an N-channel Mosfet with its drain pulling the negative end of the load to ground will turn it on with a "logic-level" gate voltage.*
A P-channel Mosfet turns-on when its gate is negative from its source voltage. So when the Cmos output goes to ground, the Mosfet turns-on, and when the Cmos output goes to the positive supply (the same voltage as the source), the Mosfet turns-off.
What max frequency is your circuit switching at? If it is too high for the low-current output of the Cmos driver to charge or discharge the gate capacitance, the Mosfet will smoke then melt!
*Speaking of melting, we should go back to your other post about "logic-level Mosfets". With a 5V logic supply (why use only 5V for ordinary Cmos that works fine and even better with 12V?) which might actually be only 4.5V, your tiny N-channel Mosfet has a max Rds of 0.14 ohms. With 1.8A through it, it will dissipate 454mW. It will be much cooler with a 12V gate voltage.
BTW, what is your load? On your schematic it looks like a thermistor, maybe a hot-wire anemometer? Maybe not, that is somebody else's post. ;D