Estate & Asset Protection Attorney, Victoria Collier offers a few asset protection tips that may not occur to most people and suggests seeking professional guidance when deciding to implement any asset protection strategy.
DECATUR, GA, October 3, 2018: Victoria L. Collier, founder of The Estate & Asset Protection Law Firm, has posted a new article on her law firm’s website entitled “Make Sure You Are An Unappealing Lawsuit Target,” In which Ms. Collier urges readers to be proactive in protecting their assets even if they think they’ll never be sued.
Collier states, “Asset protection is something that must be in place prior to being served with a lawsuit.” She continues adding, “If you have exposed wealth, you are an easy lawsuit target. Any lawyer, and practically any person with the least bit of research savvy, can do an instant electronic asset search and financially profile you.” She further elaborates, “Within seconds, an online asset search will reveal whatever real estate, business, auto, boat, artwork, and other tangible assets you now own or have ever owned. Asset searches also disclose mortgages or liens against your property.”
“In order to be unappealing,” says Collier, “you want it to appear that everything you own is mortgaged to the hilt. In our debt-ridden society, it is not unusual for people to owe as much or more than they own.”
According to Collier, “Nothing discourages prospective litigants faster than finding out that a would-be defendant is mortgaged to the eyeballs. You can own millions in assets, but when they are fully mortgaged, you are a poor lawsuit candidate.” She further adds, “Litigants want assets with equity. When your assets can be claimed first by other creditors, you are paper poor.”
Collier states, “Appearing poor on paper is one way to repel anyone from initiating a lawsuit against you.” However, further on Collier explains, “You’ll need the right professional guidance to create a solid asset protection plan. Once in place, you can rest assured you will not be appealing to anyone desiring to file a frivolous lawsuit against you.”
The entire article can be read at https://www.elderlawgeorgia.com/make-sure-you-are-an-unappealing-lawsuit-target/
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.