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The Estate & Asset Protection Law Firm Founder, Victoria L Collier Points Out That Asset Protection Is Not A Substitute For Insurance

Estate & Asset Protection Attorney, Victoria Collier talks asset protection, personal and business insurance and how asset protection does not put off litigation or defer legal fees in the event of a lawsuit.

DECATUR, GA, April 30, 2018: Victoria L. Collier, founder of The Estate & Asset Protection Law Firm, has posted a new article on her law firm’s website entitled “First Comes Financial Planning Then Comes Asset Protection,” in which Ms. Collier points out the correct sequence.

As Collier states, “There is an order to planning for your financial future, just like there is with love.” She continues adding, “First comes love, then comes marriage. Likewise, first comes a solid financial plan, then comes a well thought out asset protection plan.”

“You can’t do it backwards,” says Collier, adding, “You first must have assets to protect. By definition, asset protection means keeping your property safe from being taken by someone who wins a lawsuit against you.”

Collier emphasizes, “You also cannot begin an asset protection plan if you are in the midst of a lawsuit. That can be constituted as fraud and is a serious crime.”

According to Collier, “No one wants to be sued. Most people think that it can’t or won’t happen to them.” “But,” she adds, “if you are in an accident caused by you and someone is injured or killed, chances are you will be sued.”

“Once you have accumulated assets, you then hire an asset protection attorney to help you determine which assets are exempt and which are non-exempt and how to properly protect all of your assets,” says Collier. She adds, “Asset protection planning should not be a substitute for personal liability and professional insurance, but rather should be in addition to insurance. Insurance supplements asset protection planning. If you get sued, let the insurance company pay to defend it and pay to settle it — that’s what you’re paying the premiums for.”

The entire article can be read at

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.