Myths We Tell Ourselves about Estate Planning
Estate planning can be a very difficult process. While it is not brain surgery, making the decision to move forward…
At The Ruddy Law Firm, we understand the importance of securing your legacy and protecting your loved ones’ future. Our dedicated team of estate planning professionals is here to provide you with expert guidance and tailored solutions to meet your unique needs. With years of experience serving the Northern Virginia community, we have the knowledge and expertise to help you plan for the future with confidence.
Many residents of Northern Virginia believe that estate planning is only for people who are particularly wealthy, have elaborate plans in mind for passing their money to their heirs, or for people who are acutely ill and contemplating their death. This could not be further from the truth!
Estate planning is for husbands and wives, mothers and fathers, grandparents, business owners, professionals, college students, or anyone else over the age of eighteen. Whether you have someone you care about, are concerned about who will manage your financial affairs and medical decision-making should you become disabled, concerned about who will care for your minor children when you pass away, or wish to make a difference in the lives of others, estate planning is needed.
But estate planning is complicated, and typically is a multi-disciplinary process that involves the client, an estate planning attorney, often a financial planner, and insurance agent. At the end of the day, the goal is to understand your wishes, determine options to accomplish those wishes, and advise you so you can then make an informed decision about which course of action is best for you and your loved ones.
Ensure your assets are distributed according to your wishes and provide for your loved ones with our comprehensive wills and trust services.
Craft a personalized estate plan to protect your assets, minimize taxes, provide for financial and medical decision-making during incapacity, and secure your family’s future.
Navigate the complex probate process with our expert assistance, making it as smooth as possible during difficult times.
Ensuring the long-term success of your business through planning to help you transition your business smoothly, protect its legacy, and provide for your family and employees.
Safeguard your wealth from potential creditors, lawsuits, and unforeseen financial challenges.
Explore options like revocable living trusts, irrevocable trusts, and more to meet your specific needs.
Advise Trustees in the management of assets held in trust and carrying out the grantor’s intentions for the beneficiaries. Whether you are a trustee or a beneficiary, our firm provides guidance on trust administration responsibilities, compliance with legal requirements, necessary tax filings and resolution of disputes that may arise.
Setting up a guardianship and conservatorship for a loved one who is unable to manager his/her own affairs due to age, disability, or other incapacitating factors is crucial for providing for their medical care, managing their finances/assets, safeguarding their financial well-being, and protecting them from exploitation.
During your initial consultation, we review your EPW, answer your questions, and focus on your objectives. This consultation allows us to determine the best estate planning approach for your situation. Billing for the initial consultation will be at the attorney’s hourly rate.
After gathering information from your EPW and initial consultation, we prepare an estate plan design to map out your unique plan, including various selections such as: fiduciaries nominations, guardians for minor children, tax planning, beneficiary designations, specific bequests, final disposition plan for ultimate beneficiaries and asset re-titling. Billing for the estate plan preparation will be at the attorney’s hourly rate.
Estate planning can be a very difficult process. While it is not brain surgery, making the decision to move forward…
Phone: (703) 383-9000
Fax: (703) 383-9530
Office Location:
Ruddy Law Firm
10427 North Street, Suite 200
Fairfax, Virginia 22030
Office Hours:
Monday – Friday: 9:00 AM – 5:00 PM