Funding Your Revocable Trust A Critical Step Many People Miss Many individuals today choose to implement their estate plan through a revocable living trust. One of the primary advantages of a revocable trust is that it helps keep your assets out of the probate process after death. However, that benefit only works if your assets…
Do You Need an Attorney to Update Your Estate Plan? When reviewing your estate planning documents, you may notice small changes that feel simple to fix. For example, you might want to name a new trusted decision maker. It can be tempting to cross out a name and write in a new one yourself. Before…
What Is Trust Decanting? When a bottle of wine is decanted, it is poured from one container into another to improve its quality.Trust decanting works in a similar way. When a trust is decanted, the accounts and property from an existing trust are distributed into a new trust with updated and more favorable terms. Because…
The Holiday Conversation That Could Save Your Family From Future Conflict As the holiday season approaches, families across the world will gather to celebrate, share cherished memories, and enjoy each other’s company. While the holidays are meant to be filled with joy, love, and laughter, they can also bring underlying tensions to the surface—especially when…
Build Your Business on the Right Legal Foundation Starting or transitioning a business is not just about having a great idea. It is about having the right legal foundation. At Ruddy Law Firm, we guide business owners, investors, and entrepreneurs through every stage so your business is protected today and positioned for growth tomorrow. Corporations…
Estate Planning Is Not Just About Death Why Incapacity Planning Matters Many people believe estate planning is only about what happens after death. While that is an important part of the process, it is only one piece of the estate planning puzzle. It is just as important to plan for what happens if you become…
Why Updating Your Estate Plan Matters Creating or updating your estate plan is an important part of taking control of your finances. When proper plans are in place, you gain peace of mind and security for yourself and your family. Here are three key questions to ask yourself when reviewing your estate plan. 1. Am…
Estate Planning for Troubled Adult Children Protecting Your Legacy While Protecting Those You Love When you think about the future, you want to believe that everything you leave behind will help your children thrive. But what happens when one of your adult children is facing challenges that make financial responsibility difficult Whether it involves addiction,…
The Importance of Efficient Record-Keeping for Small Business Owners For small business owners, efficient record-keeping is not just a best practice—it’s a critical component for success and sustainability. In today’s fast-paced business environment, staying on top of your records isn’t just about maintaining organization; it’s about ensuring your business remains compliant, financially healthy, and able…
Secure Your Business’s Future: 3 Essential Steps to a Successful Succession Plan As a successful business owner, you’ve poured years of hard work, dedication, and sacrifice into building your company. You’ve mastered the art of sweat equity and know the value of perseverance. But what happens when you can no longer run your business due…