With more than three decades in practice, Ronald Fatoullah & Associates has earned a distinguished reputation for work in the fields of elder law and trusts & estates—areas that founder Ronald Fatoullah has embraced because of their connection to the world of finance.
“I had always been interested in law and finance, so trusts and estates, the preservation and protection of one’s assets immediately made sense,” Fatoullah says. “There has always been an immense satisfaction in advising clients on these issues, whether I’m helping them save on estate taxes or obtaining appropriate care through the Medicaid system.”
In New York, Fatoullah is a leader in these fields, with his firm serving as an authority on elder law, estate planning, Medicaid eligibility, wills, trusts, special needs planning, probate matters, estate litigation, guardianships, tax matters, and planning for veterans & same-sex couples.
“I’m proud to have such a dedicated team of attorneys who are also extremely knowledgeable, thorough, and creative,” Fatoullah says. “While creativity might not seem important in this area, we’ve found it to be crucial when trying to resolve complex matters.
“Almost every aspect of the firm’s practice, from elder law to trusts and estates, is interrelated with financial management, so we approach each and every case in a holistic way.”
To that end, Fatoullah started J.R. Wealth Advisors LLC, a wealth management and financial services company, with his son after reviewing thousands of clients’ portfolios over the years and seeing the mismanagement of assets: “Early on, I noticed that inappropriate financial products were being sold to my clients, sometimes out of ignorance, and sometimes because of the high commission involved; and I was determined to find a better way,” he says.
Fatoullah brings that same philosophy to activities outside of his practice, where he advocates for seniors and works to improve the profession. Most recently, he helped draft and promote the Uniform Adult Guardianship Protective Proceedings Jurisdiction Act (signed into law in 2013), which makes it easier to resolve interstate guardianship issues.
In addition, Fatoullah frequently lectures on estate planning and elder law issues for professionals, corporations, and the public. He is co-chair of the Board of Directors of the Long Island Chapter of the Alzheimer’s Association and chairs its legal committee. He is also a member of the Executive Committee of the Elder Law Section of the New York State Bar Association and chairs its Financial Planning and Investments Committee. He also serves on the Executive Council of AARP New York.
“Helping people is both how I give back and what keeps me motivated in my practice,” Fatoullah notes. “When I reflect on my career, the most rewarding part has not been the profits earned, but the countless number of people I have been able to help.”