Richard J Ruddy Jr PC

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Mon - Fri:	9:00 am - 5:00 pm

Places Near Fairfax with Attorneys

Oakton (4 miles)
Burke (7 miles)
Vienna (7 miles)
Annandale (10 miles)
Centreville (11 miles)
Chantilly (12 miles)
Springfield (12 miles)
Falls Church (12 miles)
Reston (14 miles)
Mc Lean (14 miles)

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Ruddy John R Jr

John R Ruddy Jr PC

Ruddy John R Jr PC

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http://rfswealthllc.com

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Attorneys, Business Law Attorneys, Divorce Attorneys, Estate Planning, Probate, & Living Trusts, Family Law Attorneys, General Practice Attorneys, Legal Service Plans, Social Security & Disability Law Attorneys, Tax Attorneys, Trust Companies, Wills, Trusts & Estate Planning Attorneys

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Phone: (703) 383-9000

Address: 10427 North St, Fairfax, VA 22030

Website: http://rfswealthllc.com

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Richard J Ruddy Jr PC

Divorce
Guardianship
Richard hosts a TV show called “The Probate Nation” on local cable channel 10. The show is dedicated to helping the public navigate the probate system for a deceased loved one’s estate and the “living probate” system for a conservatorship/guardianship of an elderly loved one. There are many episodes dedicated to Probate Education, and we have included a comprehensive list below. These episodes are all available to watch online, and the links will open in The Probate Nation website.

Business and Corporate Law

Limited Liability Companies
There many types of entities that can be used to own property and operate a business, including corporations, partnerships, limited partnerships, limited liability companies, trusts, along with other specialty entities. The most common entities used are corporations and limited liability companies, and these are discussed below.

Medicaid Planning
The concept and intent is to make sure you have resources to cover the very likely cost we will all face at some point, namely nursing home care, as we live longer. Clients understand that the cost of that care will be expensive, and unless they take action to shift some of that risk now while they can, for the cost of an insurance premium within their budget, they may find themselves doing Medicaid planning once their assets are exhausted, and at that point there will be nothing left to give to their loved ones. Traditional long term care insurance as evolved in the marketplace because the economics of the coverage offered could not continue. So, most long term care insurance is now wrapped inside a life insurance protect. Talk to your financial planner and insurance agent about this critically important protection.

Trusts and Estates

Estate Planning
I focus my practice on estate planning, probate, and trust and estate administration. I became interested in helping clients with these issues several years ago after seeing firsthand the consequences of failing to plan.
Wills
Estate planning, including plan design, as well as preparation of all necessary documents to implement the plan, including revocable trusts, wills, durable powers of attorney, advance healthcare directives, living wills and more
Trusts
A living trust or revocable trust is a legal document that, just like a will, contains your instructions for what you want to happen to your assets when you die. But, unlike a will, a living trust can avoid probate at death, control all of your assets and prevent the court from controlling your assets if you become incapacitated.
Power of Attorney
If you become disabled, and do not have an Advance Healthcare Directive or Durable Power of Attorney, then very likely someone in your family will need to engage an attorney to get appointed as your guardian and conservator. The cost to obtain an appointment as guardian and conservator, and the ongoing cost thereafter to make annual reports as a conservator, will be several times more than the cost to just get an Advance Healthcare Directive or Durable Power of Attorney prepared and executed.If you die with no Will, there is a statute that will determine who gets your assets remaining after probate is completed. May or may not be who you have in mind, and they get the assets free and clear if they are 18 years old. While there is a cost to prepare a Will, most clients prefer to control who gets their estate, when and under what conditions. But you need to take action to do so while you can.
Probate

Tax Law
A corporation is an artificial person or legal entity managed by a board of directors, consisting of one or more individuals, who collectively elect officers to run the corporation’s day-to-day business activities.The corporate structure is more complex than other business structures. It requires complying with more Virginia statutory regulations and tax requirements. It may require more accounting and tax preparation services than the sole proprietorship or the partnership.

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