Northglenn, CO estate planning & probate attorney Kayla Seale discusses how you can plan for end-of-life expenses for your parents. She notes that this is an excellent question and often relates to broader financial planning. Certain tools, such as long-term care insurance, require foresight and should be set up well in advance. While these considerations may arise earlier than one might typically think, they are important to address as part of a comprehensive financial strategy.

She emphasizes that estate planning should complement these financial tools. Properly structured estate planning ensures that the instruments put in place—like long-term care policies—can be used effectively by the appropriate individuals, such as adult children acting on behalf of parents who are no longer able to manage them independently.