The Estate & Asset Protection Law Firm Founder, Victoria L Collier, Talks About Stimulus Payments Deposited Into The Accounts Of Deceased Taxpayers.
Estate & Asset Protection Attorney, Victoria Collier acknowledges that those who receive stimulus deposits or checks addressed to deceased loved ones know the right thing to do is to return the money.
DECATUR, GA, May 14, 2020: Victoria L. Collier, founder of The Estate & Asset Protection Law Firm, has posted a new blog on her law firm’s website entitled “Return To Sender,” in which Ms. Collier acknowledges that the stimulus payments were not meant for the deceased.
Collier writes, “Shortly after the CARES Act stimulus payments started showing up in bank accounts, I started getting calls from my clients with an unusual question. It was about deposits made into the accounts of deceased loved ones. And the question was, “What should I do?””
“Yes, it’s true,” Collier acknowledges, adding, “The stimulus payments have been going to many people who are now deceased.” She continues, “Some people are annoyed and feel like they should be able to keep the money, as they harshly judge the system for making a mistake. However, keep in mind that the stimulus program was implemented very quickly. Everyone who filed a tax return in 2018 or 2019 and had their banking information on file with the IRS were the first ones to receive the stimulus payment.”
“Also,” Collier emphasizes, “keep in mind that while the entire world is reeling from the multitude of deaths caused by COVID19, on any given day in the U.S. nearly 8,000 people die of various causes. Since the 2018 tax season, many hundreds of thousands of people have taken their leave of this earth. So, if your deceased loved one still has an active bank account and received a stimulus deposit or got a stimulus check in the mail, please do the right thing. Return to sender.”
The entire blog can be read at https://www.elderlawgeorgia.com/blog/return-to-sender/
About The Estate & Asset Protection Law Firm
The Estate & Asset Protection Law Firm was established to serve the legal needs of retiring citizens. The Firm focuses its entire practice on providing strategies to protect independence, privacy, assets and taxes from the government. Victoria Collier has grown her law practice and financial services practice by providing excellent customer satisfaction with personalized wealth protection plans.
About Victoria Collier
Victoria L. Collier, CELA founded The Estate & Asset Protection Law Firm to serve the legal needs of retiring individuals. Victoria is also Co-Founder of Red Feather Financial. At both firms WE BELIEVE that people should not have to lose everything they’ve worked a lifetime to earn and that every person is an individual who deserves respect and the highest quality of life possible, regardless of age or ability. We also believe that privacy and protection are the keys to personal peace.
Victoria enlisted in the U.S. Air Force during Desert Storm, 1989-1995, and also served in the U.S. Army Reserves, 1Lt. 2001-2004, JAG Corps. Victoria is a national expert on the VA Wartime Pension for veterans and their widows who need additional assistance with activities of daily living and helping them qualify for and receive tax-free income from the VA to pay for it. Victoria graduated from Valdosta State University with a B.A. in Psychology and then University of Nebraska, College of Law. In 2014, Victoria was awarded with the Alumni Master Award from the University of Nebraska.
Victoria is a Certified Elder Law Attorney (CELA) through The National Elder Law Foundation and has been named as the only attorney in Georgia as “Fellow” of the National Academy of Elder Law Attorneys (NAELA). Victoria was appointed by Governor Perdue to the Georgia Council on Aging, 2010 – 2016 and was awarded Dekalb County Veteran of the Year, 2013. She is the author of 47 Secret Veterans Benefits for Seniors; Paying for Long Term Care – Financial Help for Wartime Veterans: The VA Aid & Attendance Benefit. Victoria has co-authored several books: Blooper Episodes in Estate Planning, Don’t Go Broke in a Nursing Home, and Protect Your IRA: Avoid the 5 Common Mistakes. Most notably, Victoria co-authored the National Best Seller, The Road to Success, with Jack Canfield, author of Chicken Soup for the Soul series.