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Steve Schlegel, a estate planning attorney in Colorado, shares a cautionary story about a mom who added her son to her checking account to help with her financial affairs. However, when the son was involved in a car accident and faced a large claim against him, the creditors were able to access the mom's checking account to pay off the debt. This highlights the risks of adding someone to your checking account and the importance of proper estate planning to protect your assets from such situations.
