Protect Your Money and Family with Estate Planning

Affinity Federal Credit Union presents the Wellbeing and Your Wallet podcast! In this episode, expert hosts Shawn Lubitz and Grant Gallagher break down the basics of estate planning and why it matters for everyone, not just the wealthy.

Key discussion topics include: wills vs. trusts, the role of power of attorney, common estate planning mistakes to avoid, overlooked areas like personal wishes, and how tools like Legal Karma can make planning easier.

Following the main discussion, the team shares their response to a question from the member mailbag. Grant pulls the following submission: My sister recently asked me to co-sign on her new car loan because she doesn't have the best credit. I want to help, but I’ve heard co-signing can be risky. How can I support her without putting myself in a bad financial situation?

Finally, Grant concludes the discussion by highlighting Affinity’s partnership with Legal Karma, a digital estate planning solution making it easier for members to create essential legal documents like wills, trusts, and powers of attorney.

Just a reminder if you have a question or comment for a future Member Mailbag segment, please email them to us @[email protected].

Rate, like, and subscribe for more from the Wellbeing and Your Wallet podcast. Visit www.affinityfcu.com for additional information about financial wellbeing and Affinity products.

Thanks for listening and be well.