Filene Fill-in Episode #37
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Ep. 37: Will Be Done Part 1 -- What WILL it be?
This episode explores the build-out of an innovative program for credit unions to help their members by making the will-creation process easier.
- Initial Reactions and Personal Experiences: The conversation starts with a thought most people have had and then ignored—their death—and continues into a discussion of individuals' avoidance in getting their wills done. One speaker recalls a package called "Complete a Will in a Day" that they purchased but never utilized due to the daunting paperwork and fear of the process.
- Complexities and Emotional Burdens: The conversation delves into the complexities of creating a will, discussing the emotional and practical challenges—from the acknowledgment of one’s mortality to the time constraints of getting a will done, and even to the practical aspects of paperwork.
- Importance and Objectives of Will Be Done: The objective of "Will Be Done" is to ease members’ and their families’ worries and stress during a difficult time, highlighting the importance of credit unions in supporting members with estate planning. The emphasis is on putting members in a better position while relieving families who'll inherit finances and assets.
- Personal Connections to the Project: Team members share their personal motivations, including experiences with family disputes over inheritances due to the absence of wills. They express a drive to solve this problem and stress the emotional complexity and practical difficulties involved in handling such situations.
- Credit Unions' Role and Support Offered: The discussion focuses on credit unions' unique position as partners in improving members' financial well-being. It highlights the credit unions' readiness to pilot the "Will Be Done" program, offering support to ease the process and acknowledging the need for such a service despite the stresses credit unions face.
