While parents in Colorado naturally want to make sure their children are taken care of, some may be concerned that merely providing financial support will not be sufficient to ensure stability. Drafting a will that distributes funds to heirs may not seem as appealing in these situations, if there are not any resources dedicated to providing for the wise use of the inheritance.
It can be hard to watch the people whom we love grow older, especially when aging leads to health troubles and issues like dementia. Seeing a parent or other loved one's physical and mental capacity diminish can be difficult emotionally, but emotions should not get in the way of trying to protect the best interests of a parent's estate -- their hard work.
Are you like most people in their early to mid twenties who has never considered their estate plan? Moreover, are you like so many more who believe that estate planning is only something to be considered when you reach retirement age? If you are, then think again.