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…
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…
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…
Thinking of Naming an Executor? Here’s What You Need to Know Have you been asked to serve as an executor, or are you choosing someone to fill this role in your own estate plan? Before saying yes, or assigning the responsibility, it’s important to understand exactly what the executor does and why the choice matters.…