Northglenn, CO estate planning & probate attorney Kayla Seale discusses the estate and financial planning that should be done to protect your parents as they age. She states that when planning for the future care of aging parents, estate planning is a critical component. Establishing power of attorney documents is essential to enable children or designated individuals to assist their parents if necessary. A financial planner can provide guidance on managing assets and other financial aspects of the estate. Equally important is ensuring that parents have formally designated someone to make decisions on their behalf if they become unable or unwilling to do so themselves. This can be accomplished through a financial power of attorney for monetary matters and a medical power of attorney for healthcare decisions, allowing a trusted individual to manage both financial and medical issues as needed.