Certified Elder Care Attorney, Victoria Collier, offers guidance on how to protect assets from the government and long-term care costs by getting various financial sources working together toward overall long-term financial objectives.
Decatur, GA, February 16, 2017: Victoria L. Collier, founder of The Elder & Disability Law Firm, has posted a new article on her law firm’s website entitled “Protect Your Assets from The Government and Long-Term Care Costs.” With changes that are likely to affect the financial security of many Americans, Ms. Collier’s newest article may shed some useful light.
Collier writes, “As a practicing Estate Planning, Elder Law and Asset Protection attorney, I meet hundreds of people each year. One of the questions I get all the time is, ‘How can I protect my assets from the government and long-term care costs?’”
According to Collier, “If that is your question, particularly in light of the new uncertainty we are facing with a new President, let me assure you, you are not alone.” She continues adding, “However, in order to answer that question for you and be able to determine the easiest way to help you protect your assets I must know the specific types of assets you own. I do know that for many people, a large portion of their assets is an IRA or other form of qualified (not yet taxed) money.”
“With that in mind,” says Collier, “I also see much confusion and frustration among people trying to understand all the rules regarding their IRAs.” According to Collier, “One of the primary reasons for this confusion is that most people get their financial information from several different sources. And we know what happens in that kind of situation. Ask 5 different people their opinion on one subject and you’ll come back with 5 different opinions!”
As Collier points out, “Financial services are no different. Each financial source focuses on a different issue.” She elaborates, “For example, the number one goal of accountants is typically to minimize taxes. The focus of financial advisors is typically on maintaining and growing the IRA. And when you turn to an estate-planning attorney, you’ll find their focus is usually on making sure that the beneficiary of your IRA actually gets it.”
According to Collier, “The problem is that you are left to your own devices when it comes to your overall goals. That can be like trying to herd cats when you have different sources with different objectives.” She continues adding, “If only you knew how to do that! This is when the service of an Asset Protection attorney is invaluable. “
The entire article can be read at http://www.elderlawgeorgia.com/protect-assets-government-long-term-care-costs/
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. At The Elder & Disability Law Firm of Victoria L. Collier, P.C. 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 Elder & Disability Law Firm
The Elder & Disability Law Firm was established to serve the legal needs of senior citizens when their healthcare needs increase. The Firm focuses its entire practice on Elder Law and Estate Planning matters, which encompasses the areas of Asset Protection, Medicaid Planning, VA Benefits planning, Estate and Special Needs Planning. Victoria Collier has grown her law practice through her personable nature and good management skills.