The two own and operate a day care out of their home, and three children were also found when police discovered the bodies.
They had not been harmed or hurt.
NBC 4 reports that the children, whose ages have not been released, were found in the garage area of the home and have been safely returned to their families.
Police arrived on the scene Tuesday afternoon after they received a call from a neighbor to check on the welfare of the couple.
Laster was outside the home when they arrived and he was taken into custody.
Gerald Lyon, who lived next door to the couple, told Fox 25 that Laster came to his door shortly before 2pm on Tuesday.
'I said "What is it?" and he said, "Somebody killed my grandma,"' said Lyon, who noticed that the young man had a gun.
'I said, "Well you need to call 911 if you've done that," and he said, "I'm thinking about it." I said, "Thinking about it? You need to do it."'
Laster then returned to the home, at which point Lyon called 911, noting the boy did not seem violent but 'frightened.'
Family members said Reed had been running the daycare out of her home for 20 years.
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