Family Estate Planning Attorney in Northglenn, Colorado
How can I plan for end-of-life expenses for my parents?
How can I plan for end-of-life expenses for my parents?
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that’s a great question uh usually that
comes with some kind of financial
planning there are things like long
long-term care insurance that usually
takes a little bit of foresight to get
set up so it’s something you might be
thinking about earlier than you would
actually start thinking about it but
those are again something that you want
to do kind of on your bank side of
things on your financial side of things
and then your estate planning should
definitely have the documents set up so
that those tools you’ve set up can be
used in the right way by people who are
able to use them so kids on behalf of
their parents if their parents can no
longer use them themselves
Northglenn, CO estate planning & probate attorney Kayla Seale discusses how you can plan for end-of-life expenses for your parents. She explains that typically, addressing long-term care needs involves some level of financial planning. Long-term care insurance is an option that requires some foresight to set up, so it’s something you may want to start considering earlier than when you’ll actually need it. These are financial tools that should be incorporated into your estate planning so that they can be utilized properly by those who need them, such as children acting on behalf of their parents who may no longer be able to use them on their own.
