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.

A planning vehicle known as a Special Needs Trust can provide parents with a financial backstop for ongoing supplements ...
01/04/2019
Special Needs Trusts: What They Do And How They Work

A planning vehicle known as a Special Needs Trust can provide parents with a financial backstop for ongoing supplements for their children’s care without jeopardizing eligibility for governmental assistance. #EstatePlanning

There are many reasons why the parents of special needs children should plan their estates carefully, even though their assets may not be anywhere close to exceeding their estate tax lifetime exclusion of $11.18 million for 2018 (double for married couples).

In the midst of buying baby clothes and preparing for the sleepless nights of new parenthood, estate planning may be far...
01/04/2019
Estate Planning for New Parents - NerdWallet

In the midst of buying baby clothes and preparing for the sleepless nights of new parenthood, estate planning may be far down on your list of priorities. But making a plan will save time and expense for your loved ones.

In the midst of buying baby clothes and preparing for the sleepless nights of new parenthood, estate planning may be far down on your list of priorities. You may not…

For years, January has unofficially been dubbed Divorce Month. Although a study from the University of Washington found ...
12/26/2018
The Real Reason January Is Called Divorce Month | Reader’s Digest

For years, January has unofficially been dubbed Divorce Month. Although a study from the University of Washington found that the most divorces actually happen in August and March, the courts still see a spike in divorce filings right after the new year.

Courts always see a spike in divorce filings after the new year. Here's what legal experts say drives couples to divorce in January.

No matter your age or financial situation, having an estate plan can give you peace of mind and reduce hardship for your...
12/18/2018

No matter your age or financial situation, having an estate plan can give you peace of mind and reduce hardship for your loved ones. #EstatePlanning

In a series of studies, people shared the most important factors in their decision to split from their spouse — from g...
12/12/2018
7 common reasons people say they got divorced

In a series of studies, people shared the most important factors in their decision to split from their spouse — from growing apart to getting married too young. #Divorce

In a series of studies, people shared the most important factors in their decision to split from their spouse — from growing apart to getting married too young.

It's imperative that you have a will to ensure that your wishes are carried out and your heirs avoid unnecessary hassles...
12/12/2018
What You Need to Know About Writing a Will

It's imperative that you have a will to ensure that your wishes are carried out and your heirs avoid unnecessary hassles and costs after you're gone. #EstatePlanning

Up to 40% of Americans age 45 and older don't have a will. It's high-time you got out of that statistic.

Naming a trust as the beneficiary of an IRA isn't for beginners. Coordinate with an attorney before you proceed. #Estate...
12/12/2018
Leaving an IRA to a loved one? How to avoid a tax bomb

Naming a trust as the beneficiary of an IRA isn't for beginners. Coordinate with an attorney before you proceed. #EstatePlanning

With the right kind of planning, you can pass your retirement nest egg to younger generations. Just be sure to avoid these tax hiccups.

There are several steps you can take to better protect your finances as you go through your #divorce
12/12/2018
4 ways to protect your finances during a divorce

There are several steps you can take to better protect your finances as you go through your #divorce

When going through a divorce, it’s important to protect your personal finances as much as possible — regardless of how amicable the separation may be.

The person you name to receive your retirement accounts and insurance proceeds will override whatever is listed in your ...
12/06/2018
Take this key step to protect your heirs and retirement accounts

The person you name to receive your retirement accounts and insurance proceeds will override whatever is listed in your will, so make sure that your beneficiary designation is current. #EstatePlanning

Surprise! Your ex could legally inherit your hard-earned cash. It all comes down to who you list as the beneficiary to receive your 401(k), IRA or your life insurance policy. 

If you have an estate plan, your work isn’t done. Estate plans need to be reviewed and revised from time to time.
12/06/2018
7 Reasons It's Time To Update Your Estate Plan

If you have an estate plan, your work isn’t done. Estate plans need to be reviewed and revised from time to time.

The most frequent estate planning error probably is not having a plan. The second is not updating an existing plan.

Keeping your retirement plans on track after a #divorce may be challenging but it's not out of the question. Your long-t...
12/06/2018
4 Tips for Retooling Your Retirement Plan After Divorce

Keeping your retirement plans on track after a #divorce may be challenging but it's not out of the question. Your long-term financial future ultimately hinges on making the right decisions when you're saving for retirement solo.

If you're facing divorce, the worst decision you can make with your money is to do nothing.

Buying your spouse out of a property can be dicey, especially if both parties disagree with one another on the debt and ...
12/01/2018
How to Divide Your House in a Divorce | Credit.com

Buying your spouse out of a property can be dicey, especially if both parties disagree with one another on the debt and equity objectives. So here are some ways to separate and pay off an ex-spouse when getting a mortgage. #Divorce

Want to buy a home, but you're getting a divorce and still tied to a house that's no longer yours? Here's how to get a mortgage to buy out your ex.

The tax deduction for alimony is being eliminated for new divorces after 2018, motivating many couples to finalize their...
11/30/2018
Going Through Divorce? Start These 3 Steps Today To Save On Taxes

The tax deduction for alimony is being eliminated for new divorces after 2018, motivating many couples to finalize their divorce soon.

The Tax Cut and Jobs Act eliminated the alimony deduction for divorces after 2018. The new law will mean less money for expenses of the two household. Gain clarity by deciding what you really really want and calculating the long-term ramifications of a settlement to finalize by year end.

Your estate might not be as large as you had hoped if you don't take the right planning steps. #EstatePlanning
11/26/2018
$68 trillion is about to change hands in the US

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

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

Simply creating a will isn't enough; you must also update it every time you reach a major life milestone. After all, you...
11/14/2018
6 Times You Need to Update Your Will

Simply creating a will isn't enough; you must also update it every time you reach a major life milestone. After all, your assets and beneficiaries can change several times long before you reach old age.

If you have a will, you're already ahead of the curve. But you need to make sure it's updated, too.

Courts decide whether to issue alimony payments, and in what amount, based on a variety of criteria. But you and your sp...
11/06/2018

Courts decide whether to issue alimony payments, and in what amount, based on a variety of criteria. But you and your spouse can also negotiate an alimony settlement and ask the court to approve it. #Divorce

Just because you're divorcing doesn't mean that your former spouse can't still hurt your credit. Fortunately, it is poss...
11/06/2018
What You Need to Know About Divorce and Credit

Just because you're divorcing doesn't mean that your former spouse can't still hurt your credit. Fortunately, it is possible to rebuild your credit score after a divorce causes a blow. #Divorce

There's nothing easy about divorce, including managing your credit. Here's what to look for.

If you decide to end your marriage, you'll need to address not only how to divide your assets, but how to split the debt...
10/29/2018
You Could Get Stuck With Your Spouse's Debt in Divorce -- The Motley Fool

If you decide to end your marriage, you'll need to address not only how to divide your assets, but how to split the debt you and your spouse collectively owe. Unfortunately, the process is actually even harder than it looks -- and if you don't do it right, you could get stuck having to pay back your spouse's debt after a #divorce

Even if a court order says your spouse must pay, your credit could be on the line.

The drive to get people from 18 to 78 to write living wills and evolve them as their lives do is being given new life. #...
10/24/2018
Living Wills Stressed For Adults Of All Ages

The drive to get people from 18 to 78 to write living wills and evolve them as their lives do is being given new life. #EstatePlanning

Advance care planning takes place over a lifetime. It changes as one’s goals and priorities in life change through different stages of life and health conditions, asserts new guidelines on living wills from the American Bar Association Commission on Law and Aging.

How to know when you're in for a long, unhappy ride and divorce really is the best choice. #Divorce
10/22/2018
5 Signs You Need a Divorce

How to know when you're in for a long, unhappy ride and divorce really is the best choice. #Divorce

How to know when you're in for a long, unhappy ride and divorce really is the best choice.

Though many of us try to avoid the topic at all costs, there are consequences for failing to plan ahead. #EstatePlanning
10/10/2018
How To Write A Will | Bankrate.com

Though many of us try to avoid the topic at all costs, there are consequences for failing to plan ahead. #EstatePlanning

Failing to plan ahead can have consequences for those left behind.

Being wealthy is not a requirement for creating an estate plan. Neither is being retired, having a family or owning a lo...
10/10/2018
Beginner Estate Planning for Millennials

Being wealthy is not a requirement for creating an estate plan. Neither is being retired, having a family or owning a lot of assets. #EstatePlanning

Regardless of how much money or possessions they have, it's important that Millennials take these steps to start their estate planning today.

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.

Address

11350 Random Hills Rd, Ste 700
Fairfax, VA
22030

Opening Hours

Monday 08:00 - 17:00
Tuesday 08:00 - 17:00
Wednesday 08:00 - 17:30
Thursday 08:00 - 17:00
Friday 08:00 - 17:00

Telephone

(703) 352-1301

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