Allred, Bacon, Halfhill & Young, PC

Allred, Bacon, Halfhill & Young, PC We are attorneys at law having served the DC metropolitan area for 17 years. Our lawyers are AV rated, a status only 10% of legal professionals achieve. We offer free consultations for most matters, and will make home consultations.

THE LAW FIRM OF ALLRED, BACON, HALFHILL & YOUNG, PC provides a full range of legal services to businesses, individuals and families in the Washington metropolitan area and nationally. Our commitment is to effective and efficient representation. The diverse backgrounds and broad range of legal experience of our attorneys allow us to serve almost every client need and to offer the highest level of professionalism and integrity.

When a couple get divorced, they have three basic options for what to do with the home they own. No matter which option ...
10/05/2018
How to Split Home Value in a Divorce - NerdWallet

When a couple get divorced, they have three basic options for what to do with the home they own. No matter which option they choose, the first step is determining the value of the house. #Divorce

When a couple get divorced, they have three basic options for what to do with the home they own. No matter which option they choose, the first step is determining the value of…

#Divorce can bring up a lot of different emotions and problems -- and one of the items which need to be tended to quickl...
10/05/2018
Get the Ins and Outs of Insuring the Teens After a Divorce

#Divorce can bring up a lot of different emotions and problems -- and one of the items which need to be tended to quickly is how to insure your driving kids.

Car insurance after a divorce can be challenging. Find out who should be the one to list the kids on their insurance policy after a divorce.

Trusts can be complicated and must be created accurately and carefully. There are many caveats to different trust struct...
10/03/2018
Understanding the Main Types of Trusts -- The Motley Fool

Trusts can be complicated and must be created accurately and carefully. There are many caveats to different trust structures, so it's always best to consult with a professional. #EstatePlanning

Trusts can be an effective way to reduce taxes, shelter assets from creditors, and/or prevent assets from going through the probate process.

During a divorce, you and your spouse will be forced to make and accept decisions that have a major impact on your curre...
09/26/2018
Your Guide to the Most Common Financial Issues of a Divorce

During a divorce, you and your spouse will be forced to make and accept decisions that have a major impact on your current and future financial situation and security. The most important thing to remember? Don't go into them uneducated and alone.

In a divorce, you will be forced to make and accept decisions that have an impact on your financial security. Don't go into them uneducated and alone.

If something were to happen to you, would your loved ones know your wishes and how to put your affairs in order? #Estate...
09/26/2018
Documents You Need to Organize Before It's Too Late | Reader's Digest

If something were to happen to you, would your loved ones know your wishes and how to put your affairs in order? #EstatePlanning

If something were to happen to you, would your loved ones know how to put your affairs in order? Here are the documents your loved ones will need.

If you plan to leave a highly valued collection to family members or other heirs, The best way to preserve the value of ...
09/26/2018
A lifetime of collecting means you need to do some planning today

If you plan to leave a highly valued collection to family members or other heirs, The best way to preserve the value of your investment is to start planning today. #EstatePlanning

A proper estate plan will help your heirs avoid a fire sale, says Caitlin Malangone.

Among US adults ages 50 and older, the #divorce rate has roughly doubled since the 1990s, according to a Pew Research Ce...
09/18/2018
Senior Divorce: Now What?

Among US adults ages 50 and older, the #divorce rate has roughly doubled since the 1990s, according to a Pew Research Center report.

Separating from a partner may lead to unexpected consequences for your physical and mental health.

A #divorce is likely when one or both partners in a marriage feels hopeless. That's according to both couples therapists...
09/18/2018
The biggest sign your marriage won't last, according to a couples therapist

A #divorce is likely when one or both partners in a marriage feels hopeless. That's according to both couples therapists and scientific research.

Divorce is more likely when one or both partners in a relationship feels hopeless, according to couples therapists. It's not a good sign when someone has given up trying to improve their marriage.

While end-of-life planning may seem morbid, an estate plan can protect you and your assets not just after you die, but d...
09/18/2018
6 Reasons Why You Need An Estate Plan

While end-of-life planning may seem morbid, an estate plan can protect you and your assets not just after you die, but during your life as well.

Although we typically associate the term “estate” with the ultra-wealthy, estate planning is not just for the rich. Everyone, regardless of family dynamics or financial status, can benefit from having an estate plan—a collection of documents that specify how you want your assets distributed.

Contemplating dramatic work changes can feel overwhelming when your personal life is in flux already. But many people ac...
09/13/2018
Getting Divorced Or Separated? Here’s How To Handle Things At Work

Contemplating dramatic work changes can feel overwhelming when your personal life is in flux already. But many people actually find they thrive professionally over the long term after a divorce or separation.

Take these five steps, and you may even come out on the other side professionally and financially ahead of where you were.

If you're divorced, it's important to understand when and how you can claim Social Security benefits on your ex's record...
09/13/2018
Social Security Rules to Know If You're Divorced

If you're divorced, it's important to understand when and how you can claim Social Security benefits on your ex's record.

You can claim Social Security benefits on your spouse's work history in most cases, but don't assume this means you can delay claiming your own benefits.

Contemplating one's death is not exactly high on anybody's to-do list, but it is important that you overcome the anxieti...
09/04/2018
Don't leave a mess for your heirs

Contemplating one's death is not exactly high on anybody's to-do list, but it is important that you overcome the anxieties associated with this emotional topic and take control. #EstatePlanning

Like many Americans, Aretha Franklin the Queen of Soul, did not have a will. It seems incredible that a celebrity who knew that she was seriously ill did not

Even if you're unmarried and without dependents, you should still have an #EstatePlan
09/04/2018
Why Everyone Needs an Estate Plan

Even if you're unmarried and without dependents, you should still have an #EstatePlan

Even if you're unmarried and without dependents, you should still have a will.

Getting a will in place doesn’t have to be difficult and the benefits of doing it are many for new parents. #EstatePla...
09/04/2018
Protect Your Family by Writing a Will - NerdWallet

Getting a will in place doesn’t have to be difficult and the benefits of doing it are many for new parents. #EstatePlanning

No parents want to think about dying while their children are young, but accidents and illness do happen, and being caught unprepared would likely hurt the child the most. Getting…

Even for people without children, a will is important for ensuring your wishes are fulfilled. #EstatePlanning
09/04/2018
No Kids? You Still Need an Estate Plan

Even for people without children, a will is important for ensuring your wishes are fulfilled. #EstatePlanning

A will is just as important for those without children, and it can easily be overlooked.

A financial power of attorney is a document that empowers someone of your choosing to handle your financial matters -- s...
08/30/2018
Power of Attorney: Preparing for the Unexpected

A financial power of attorney is a document that empowers someone of your choosing to handle your financial matters -- such as paying your bills, managing your investment accounts, or selling your property -- if you are unable to do so on your own.

This simple document can save you and your loved ones a lot of pain if you find yourself unable to make financial decisions.

On top of the emotional toll, financial missteps during the #divorce process can leave you in far worse shape than you i...
08/30/2018
When it comes to divorce, avoid these very costly mistakes

On top of the emotional toll, financial missteps during the #divorce process can leave you in far worse shape than you intended. And the more intertwined you and your spouse's finances are, the more closely you'll need to pay attention while untangling them.

When it comes to divorce, avoid these costly mistakes at the negotiating table.

The last days of summer might be a good time to update your #EstatePlan
08/30/2018
Estate planning: A concern for everyone

The last days of summer might be a good time to update your #EstatePlan

If only we could stretch out summer -- and our lives. But while the approach of autumn is fairly predictable -- heralded by back-to-school signs in every store

#EstatePlanning is the process of designating who will receive your assets and handle your responsibilities after your d...
08/22/2018
Estate Planning Basics: A 7-Step Checklist - NerdWallet

#EstatePlanning is the process of designating who will receive your assets and handle your responsibilities after your death or incapacitation. The goal is to make sure your beneficiaries receive these things in the most cost-effective way possible.

Estate planning is the process of designating who will receive your assets and handle your responsibilities after your death or incapacitation. The goal is to make sure your beneficiaries receive…

If you're going through the a divorce, there are some important financial steps to take to protect yourself and your bus...
08/16/2018
5 Ways to Protect Your Business During a Divorce

If you're going through the a divorce, there are some important financial steps to take to protect yourself and your business.

Just because your marriage went kaput doesn't mean your jointly-run small business needs to. Here's how to protect yourself — and your business.

For older couples who decide to split up, divorce can look very different than it might have in their younger years. Wit...
08/08/2018
Dividing Your Assets in a Gray Divorce

For older couples who decide to split up, divorce can look very different than it might have in their younger years. With gray divorce on the rise, both partners need to understand how to correctly split up retirement plans and other assets.

The closer you are to retirement, the more crucial it is to get it right.

Depending on what you decide to do with the house in a divorce, there are key financial issues you must consider.
08/08/2018
Deciding What to Do With the Family Home After Divorce - NerdWallet

Depending on what you decide to do with the house in a divorce, there are key financial issues you must consider.

By Mary Ballin, CFP Learn more about Mary on NerdWallet’s Ask an Advisor The family house is where you create and store memories. Family gathers for the holidays, babies come…

A well-planned estate is a wonderful legacy to leave your heirs. Even with modest amounts of money at stake, it’s impo...
08/07/2018
24 Essential Pieces of Estate Planning Paperwork You Need

A well-planned estate is a wonderful legacy to leave your heirs. Even with modest amounts of money at stake, it’s important to create and maintain a set of shared documents, account numbers, and vital contacts.

Use this checklist to prepare your documents.

Most people don't realize the potential problem spots that can make or break their #EstatePlans
07/31/2018
Defusing The Time Bombs In Your Estate Plan

Most people don't realize the potential problem spots that can make or break their #EstatePlans

Most people don't realize the potential problem spots that can make or break their estate plans.

It’s a very tough, emotionally overwhelming, topic to discuss with your children, but it must be done. Here’s some p...
07/31/2018
How to Tell Your Kids You're Getting Divorced | Reader's Digest

It’s a very tough, emotionally overwhelming, topic to discuss with your children, but it must be done. Here’s some professional advice on ways to break the divorce news to your kids.

It's a tough topic to discuss with your children, but it must be done. Here's some professional advice on ways to break the divorce news to your kids.

For some people who don’t have children by choice or circumstance, the issue of leaving a legacy can be especially fra...
07/31/2018
How to Leave a Legacy When You Don’t Have Children

For some people who don’t have children by choice or circumstance, the issue of leaving a legacy can be especially fraught. Here are some ways to leave a lasting legacy when you don’t have genetic offspring. #EstatePlanning

The question of what you leave behind can be especially fraught for people who do not have heirs.

The process of getting a divorce often leaves both parties wounded. However, there are a few things you can do right now...
07/31/2018
6 Critical Steps to Prepare Your Finances for Divorce - NerdWallet

The process of getting a divorce often leaves both parties wounded. However, there are a few things you can do right now to ensure that you are financially protected.

By Shawn Leamon Learn more about Shawn on NerdWallet’s Ask an Advisor The process of getting a divorce often leaves both parties wounded. However, there are a few things you can…

#Divorce can be devastating financially to one or both parties, but educating yourself and taking a few precautions can ...
07/25/2018
How to Deal with the Financial Impacts of Divorce

#Divorce can be devastating financially to one or both parties, but educating yourself and taking a few precautions can reduce the financial impact

Arguably the most devastating cost of divorce is its effect on the family, but divorce can also very costly financially. Learn how to protect yourself.

As daunting as it may seem, it’s important to have “the talk” about finances with your parents to help protect the...
07/23/2018
Have 'The Talk' about finances, estate planning with your parents already

As daunting as it may seem, it’s important to have “the talk” about finances with your parents to help protect them from scams and elder abuse.

Roughly one-third of parents over the age of 60 say they’ve never discussed later-life needs with family, including inheritance plans, beneficiaries, important documents or designated representatives. These four tips can open lines of communication.

A poll by TD Wealth showed that 44 percent of attorneys, trust officers and accountants cited family conflicts as the bi...
07/23/2018
Say hello to the No. 1 threat to your family inheritance

A poll by TD Wealth showed that 44 percent of attorneys, trust officers and accountants cited family conflicts as the biggest threat to estate planning.

If you're about to score a windfall from your rich Aunt Tilly, don't lose sleep over those federal estate taxes. The real danger you should worry about is your family.

If you’ve gone through #divorce recently, here are eight things you can do now to help yourself get back on track as q...
07/18/2018
8 steps to rebuild your financial life after divorce

If you’ve gone through #divorce recently, here are eight things you can do now to help yourself get back on track as quickly as possible.

Divorce is hard enough without the financial problems it creates.

Baby boomers are about to pass down $30 trillion over the next few decades. But that exchange might not be as large as y...
07/18/2018
$30 trillion is about to change hands in the US

Baby boomers are about to pass down $30 trillion over the next few decades. But that exchange might not be as large as you had hoped if you don't take the right #EstatePlanning steps.

Your estate might not be as large as you had hoped if you don't take the right planning steps.

Going through a divorce isn't easy, but by taking these few steps, you can ensure you won't run into any unexpected fina...
07/18/2018
How to Build Your Credit After Divorce

Going through a divorce isn't easy, but by taking these few steps, you can ensure you won't run into any unexpected financial surprises when you apply for new credit on your own.

A little planning can make the process go much more smoothly.

More women want to know what they should be doing to manage their own wealth and make sure their parents are in good sha...
07/17/2018
Why Estate Planning Is A Women's Issue

More women want to know what they should be doing to manage their own wealth and make sure their parents are in good shape in the event of a death or divorce. #EstatePlanning

Do you know who your parents’ attorney and accountant are?

In order to move on with your life after divorce, you have to prepare yourself financially. That means being proactive a...
07/11/2018
3 Ways to Avoid Money Mistakes During Divorce - NerdWallet

In order to move on with your life after divorce, you have to prepare yourself financially. That means being proactive about avoiding common financial mistakes and doing your best to work efficiently with your divorce team.

By Shawn Leamon Learn more about Shawn on NerdWallet’s Ask an Advisor Divorce is complicated — emotionally, legally and financially. Many of the decisions you make during the process, especially…

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Fairfax, VA
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