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Steve Schlegel, a estate planning attorney in Colorado, shares a cautionary tale in which a son was added to his mother's checking account to help manage her financial affairs. However, this backfired when the son was involved in a car accident and faced a large claim that exceeded his insurance coverage. As a result, creditors were able to access the mother's funds in the checking account to satisfy the debt. This highlights the risks of adding someone to your financial accounts and the importance of proper estate planning to protect your assets.