Law Firm Founder Victoria Collier Shares Method For Rolling IRA Into Long-Term Care Insurance

By: The Estate & Asset Protection Law Firm
 
 
Victoria Collier
Victoria Collier
 
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* Asset Protection
* Estate Planning
* Long Term Care Insurance

Industry:
* Finance

Location:
* Decatur - Georgia - US

DECATUR, Ga. - Aug. 15, 2018 - PRLog -- Estate & Asset Protection Attorney, Victoria Collier helps readers leverage personal finances for long-term health care by providing a three-step guide.

DECATUR, GA, August 15, 2018: Victoria L. Collier, founder of The Estate & Asset Protection Law Firm, has posted a new article on her law firm's website entitled "Step-by-Step How To Leverage Your IRA For Long-Term Care Insurance," in which Ms. Collier acknowledges there may be other ways of accomplishing the goal than what she proposes.

Collier writes, "In my most recent blog, (Leverage Your IRA To Pay For Long-Term Care Insurance And Benefit Your Heirs (https://www.elderlawgeorgia.com/leverage-your-ira-to-pay-for-long-term-care-insurance-and-benefit-your-heirs/)), I promised I would provide a guide to help readers take steps on their own behalf for rolling an IRA into a life insurance policy with long-term care features. As promised, here we go."

Says Collier, "There may be other ways to go about this, but this is one option that you may be able to accomplish on your own." She adds, "If you need guidance or further assistance, please contact our office."

According to Collier, "What you will want to do is to convert your IRA into a long-term care insurance policy with a tax-qualified annuity. If you invest in a tax-qualified annuity that makes internal distributions to an insurance carrier, you can indirectly pay for long-term care coverage using IRA money without additional tax penalties."

The entire article can be read at https://www.elderlawgeorgia.com/step-by-step-how-to-leverage-your-ira-for-long-term-care-insurance/

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.

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Tags:Asset Protection, Estate Planning, Long Term Care Insurance
Industry:Finance
Location:Decatur - Georgia - United States
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