The Estate & Asset Protection Law Firm Founder, Victoria L Collier, Tells The True Tale Of A Cryptocurrency Exchange That Cannot Access Its Accounts After Death Of Young Owner
Estate & Asset Protection Attorney, Victoria Collier highlights the importance of having a well thought out recovery plan for anyone with cryptocurrency assets since no one knows what could happen.
DECATUR, GA, April 1, 2019: Victoria L. Collier, founder of The Estate & Asset Protection Law Firm, has posted a new blog on her law firm’s website entitled “Someone Failed Cryptocurrency Asset Protection 101.” Ms. Collier emphasizes the importance of having a recovery plan as part of any asset protection plan.
Collier states, “As an asset protection attorney I’m always on the lookout for articles about cryptocurrency.” She continues, “This one made me catch my breath when I read, “A cryptocurrency exchange in Canada has lost control of at least $137 million of its customers’ assets following the sudden death of its founder, who was the only person known to have access to the offline wallet that stored the digital coins.” “I tell my clients constantly that they must have a plan in place in just such an event,” writes Collier, adding, “You never know what will happen.”
According to Collier, “The absolutely most crucial first order of business when you have cryptocurrencies is to have a recovery plan.” She emphasizes, “Whether you use a hot wallet or a cold wallet, someone besides the owner of the account must know how to gain access.”
The entire blog can be read at https://www.elderlawgeorgia.com/blog/someone-failed-cryptocurrency-asset-protection-101/
About Victoria Collier
Victoria L. Collier, CELA founded The Elder & Disability Law Firm of Victoria L. Collier, P.C. to serve the legal needs of seniors when their health care needs increase. Victoria is also Co-Founder of Collier Scott Financial Solutions, LLC. 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.
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 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.
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.