The Estate & Asset Protection Law Firm Founder, Victoria L Collier Helps Veterans Protect Their Benefits From The Litigious
Estate & Asset Protection Attorney, Victoria Collier provides helpful information for veterans who may be considering taking action to protect their assets and VA benefits for their retirement years.
DECATUR, GA, June 1, 2018: Victoria L. Collier, founder of The Estate & Asset Protection Law Firm, has posted a new article on her law firm’s website entitled “VA Benefits, Trusts And Asset Protection.” Ms. Collier’s personal military experience feeds her desire to help veterans.
Collier writes, “If you are one of the men and women who have served our country, we know you will come to depend on your Veterans benefits to provide financial assistance for yourself and your spouse during your retirement years.” She knowingly adds, “These benefits can make all the difference, particularly for struggling families and there is a need for long-term care.”
Collier points out, “If some sort of tragedy strikes and your VA benefits are threatened in a lawsuit, it’s important that you protect them.” “Asset Protection works by removing the economic incentive for a person, and that person’s attorney to pursue you in a court of law,” Collier adds. She says, “The best way to protect your assets is to take legal steps to make you unattractive to potential predators.”
According to Collier, “The point is that you never know if someone will attempt to sue you. In this litigious society, thousands of lawsuits are filed every single day. A proactive approach is wise and may keep you and your family financially secure.”
“The use of irrevocable trusts,” says Collier, “has become a popular tool among some attorneys who assist clients in planning for VA pension benefits. While trusts have become a popular tool, there are many landmines and pitfalls in using irrevocable trusts when it comes to VA pension planning. In part, this is because there is very little guidance under existing law or precedent related to irrevocable trusts.”
Collier goes on to suggest that, “If you decide to consult with an attorney about asset protection planning for VA pension benefits, you need to be aware of what important qualifications will make an attorney most helpful for you.” Collier offers a list of 5 important qualifications.
The entire article can be read at https://www.elderlawgeorgia.com/va-benefits-trusts-and-asset-protection/
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.