Mahdavi, Bacon, Halfhill & Young, PLLC

Mahdavi, Bacon, Halfhill & Young, PLLC We are attorneys at law having served the DC metropolitan area for 20 years. Our lawyers are AV rate Our commitment is to effective and efficient representation.

THE LAW FIRM OF MAHDAVI, BACON, HALFHILL & YOUNG, PLLC provides a full range of legal services to businesses, individuals, and families in the Washington metropolitan area and nationally. The diverse backgrounds and broad range of legal experience of our attorneys allow us to serve almost every client's need and to offer the highest level of professionalism and integrity.

Navigating Chapter 13 Bankruptcy: What Happens When Payments are Late, and Strategies to Avoid Dismissal or Conversion"
03/12/2024

Navigating Chapter 13 Bankruptcy: What Happens When Payments are Late, and Strategies to Avoid Dismissal or Conversion"

Being a week late on your bankruptcy payment is probably no big deal — in most cases.

Our guide to estate taxes includes U.S. federal, state, and inheritance tax rules. Discover who pays and how much.
03/12/2024

Our guide to estate taxes includes U.S. federal, state, and inheritance tax rules. Discover who pays and how much.

Our guide to estate taxes includes U.S. federal, state, and inheritance tax rules. Discover who pays and how much.

Many small businesses don’t offer a retirement plan to employees, since it can be quite costly and complicated
03/11/2024

Many small businesses don’t offer a retirement plan to employees, since it can be quite costly and complicated

Many small businesses don’t offer a retirement plan to employees, since it can be quite costly and complicated

Many of us have heard the statistic that roughly half of all marriages in the U.S. end in divorce. That statistic still ...
03/08/2024

Many of us have heard the statistic that roughly half of all marriages in the U.S. end in divorce. That statistic still holds true for first marriages. But if you’re going through a divorce, statistics are irrelevant: It’s your life that’s being impacted.

Understanding the process and getting solid advice can help you achieve a better outcome.

Major US Companies, including WeWork and Rite Aid, declare bankruptcy in 2023 amid economic challenges.
03/08/2024

Major US Companies, including WeWork and Rite Aid, declare bankruptcy in 2023 amid economic challenges.

It’s been a rough year for some household-name US retailers and businesses. As the economy emerged out of the Covid-19 pandemic, companies faced a laundry list of problems arising from high costs, supply shortages and growing competition.

Estate planning is an often overlooked topic during the financial planning process yet is a very important part of finan...
03/07/2024

Estate planning is an often overlooked topic during the financial planning process yet is a very important part of financial planning.

Estate planning is an often overlooked topic during the financial planning process. Here's why that's a mistake.

Of all the things that need your attention when you’re going through a divorce, credit cards are probably low on your li...
03/06/2024

Of all the things that need your attention when you’re going through a divorce, credit cards are probably low on your list. But making the right moves early on can set you up for a smooth return to managing credit as a single person.

Sorting out your credit cards during a divorce can set you up for a smooth return to managing your credit as a single person.

There is a way back from bankruptcy with simple steps you can take to start rebuilding your credit.
03/05/2024

There is a way back from bankruptcy with simple steps you can take to start rebuilding your credit.

Is it possible to remove bankruptcies from your credit report? Learn what steps can be taken and how to rebuild your credit after a bankruptcy.

Trusts offer estate planning and asset protection benefits that wills do not.
03/05/2024

Trusts offer estate planning and asset protection benefits that wills do not.

Estate planning attorneys love trusts. Here’s why you might too.

How to educate your staff and create a culture of cybersecurity across your business.
03/04/2024

How to educate your staff and create a culture of cybersecurity across your business.

You have a responsibility to your customers and your business to keep all sensitive data secure. Here are 17 best practices to secure your information.

Una Noche en Espana Fairfax Bench Bar Dinner Dance 2024
03/04/2024

Una Noche en Espana Fairfax Bench Bar Dinner Dance 2024

Commercial Foreclosures Increase 17 Percent from Last Month and 97 Percent from Last Year
03/01/2024

Commercial Foreclosures Increase 17 Percent from Last Month and 97 Percent from Last Year

ATTOM just released commercial foreclosure report reveals a significant increase in commercial foreclosures to start off 2024.

Is it worth keeping your mortgage in a divorce?
03/01/2024

Is it worth keeping your mortgage in a divorce?

Mortgage rates are higher than we've seen in decades. Assuming the marital home mortgage could be a viable option for those going through divorce and keeping the home.

Many states don’t set a deadline for executors to pay beneficiaries, but other deadlines can affect the timeline.
02/29/2024

Many states don’t set a deadline for executors to pay beneficiaries, but other deadlines can affect the timeline.

There’s no standard deadline for paying beneficiaries of a will, but the probate process averages six to nine months. Many states have no deadlines at all.

Tax breaks you could be eligible for after your divorce.
02/28/2024

Tax breaks you could be eligible for after your divorce.

You could be eligible for some tax breaks once your divorce is finalized. Keep reading to learn about what they are and how they may apply to your situation.

Historically, about 1 in 1,000 student-loan discharges have been successful in bankruptcy court. Last year, the Justice ...
02/27/2024

Historically, about 1 in 1,000 student-loan discharges have been successful in bankruptcy court. Last year, the Justice Department released new guidance for federal lawyers meant to streamline the process and, theoretically, lead to more discharges. In November of 2023, the department said roughly 630 cases had been filed in 10 months using the new system, and that the “vast majority” of those borrowers received full or partial discharges. But whether a borrower can actually have their student loans discharged still depends on which federal lawyer is assigned to the case and in which jurisdiction their case is filed.

For years, erasing student loans through bankruptcy court has been a long, often unsuccessful process. Biden promised to make it easier, but has he?

It’s not always enough to have one person responsible for your future health
02/27/2024

It’s not always enough to have one person responsible for your future health

It’s not always enough to have one person responsible for your future health.

A new survey released this week from the global information services provider Wolters Kluwer reports that 26 percent of ...
02/26/2024

A new survey released this week from the global information services provider Wolters Kluwer reports that 26 percent of small businesses feel that their organization is mostly prepared to comply with the new Corporate Transparency Act. https://bit.ly/4bNy5wd

More than 1 in 3 divorced Americans say credit card debt played a role in their decision to divorce their spouse, accord...
02/24/2024

More than 1 in 3 divorced Americans say credit card debt played a role in their decision to divorce their spouse, according to a recent survey. And of those who blame credit card debt as a primary factor in their divorce, 7 in 10 say that their ex-spouse hid the debt from them.

Many divorced Americans point to credit card debt and hidden spending as reasons for the split.

Americans now owe $1.13 trillion on their credit cards, the Federal Reserve Bank of New York reported. Balances jumped 1...
02/23/2024

Americans now owe $1.13 trillion on their credit cards, the Federal Reserve Bank of New York reported. Balances jumped 10% from a year ago, according to a separate quarterly credit industry insights report from TransUnion, with the average balance per consumer hitting $6,360, also a historic record.

Credit card debt hit a record $1.13 trillion at the end of 2023, while delinquencies have surged more than 50% from a year ago.

The federal estate tax ranges from rates of 18% to 40% and generally only applies to assets over $13.61 million in 2024....
02/22/2024

The federal estate tax ranges from rates of 18% to 40% and generally only applies to assets over $13.61 million in 2024. But several states and the District of Columbia have their own estate tax, with lower asset thresholds than the federal government. A few states have an inheritance tax, which is paid by inheritors upon receiving the inherited assets.

The federal estate tax is a tax that's levied on your assets after you die. Most estates don't require filing an estate tax return unless the assets are over $12.92 million in 2023 or $13.61 million in 2024.

Divorces in the U.S. have been declining over the past decade, though the divorce rate saw an increase of 3.6% between 2...
02/21/2024

Divorces in the U.S. have been declining over the past decade, though the divorce rate saw an increase of 3.6% between 2021 and 2022, according to the most recent census data. The rates also vary significantly between states.

Happy Valentine’s Day, America. Your divorce rates are ticking up.

The United States Bankruptcy Code contains several provisions that safeguard job applicants and employees from discrimin...
02/20/2024

The United States Bankruptcy Code contains several provisions that safeguard job applicants and employees from discrimination. The Fair Credit Reporting Act also offers some protection by limiting how employers can use credit screenings.

Bankruptcy may affect your job if a potential or current employer completes a credit check, but you’re often protected from discrimination in that case.

A living trust involves transferring your assets into the trust, often appointing yourself as trustee. Making a living t...
02/20/2024

A living trust involves transferring your assets into the trust, often appointing yourself as trustee. Making a living trust part of your estate plan has advantages and disadvantages. If you're considering using a trust, it's highly advisable to work with an experienced estate attorney who can guide you through the process.

How a living trust can help secure your legacy seamlessly and quietly.

Staying up to date on the ever-changing rules and regulations that apply to businesses can be challenging. An experience...
02/20/2024

Staying up to date on the ever-changing rules and regulations that apply to businesses can be challenging. An experienced attorney can help clarify any legal obligations of your business.

Learn some surprising laws and regulations that apply to small businesses, with tips to keep your company compliant.

Your options for handling the marital home in divorce may depend on how the home is financed or titled, among other fact...
02/17/2024

Your options for handling the marital home in divorce may depend on how the home is financed or titled, among other factors. Before choosing any particular course of action, consider the long-term financial impacts.

One of the biggest decisions divorcing couples face is who gets the house in a divorce. Here's what to know about divorce and your mortgage.

Both Chapter 7 and Chapter 13 bankruptcy include provisions through which you may be able to keep a car that you purchas...
02/16/2024

Both Chapter 7 and Chapter 13 bankruptcy include provisions through which you may be able to keep a car that you purchased with a secured loan.

You may not have to surrender your vehicle when you file for bankruptcy. Learn how to avoid it — and when it’s best to just turn the car in.

Estate planning is a powerful phrase with a simple aim: To create a plan to protect yourself and your loved ones in the ...
02/15/2024

Estate planning is a powerful phrase with a simple aim: To create a plan to protect yourself and your loved ones in the event of sickness, accidents or death.

Estate planning is not only for the wealthy, it's for everyone. Here's how you can get started.

Transferring retirement funds to a former spouse can have unintended tax consequences if done incorrectly, so the stakes...
02/14/2024

Transferring retirement funds to a former spouse can have unintended tax consequences if done incorrectly, so the stakes are high for getting it right.

Splitting 401(k) assets in a divorce can lead to unintended tax consequences, there are ways to avoid financial penalties.

Bankruptcy laws can give people and businesses a fresh start, financially. An experienced bankruptcy attorney can walk y...
02/13/2024

Bankruptcy laws can give people and businesses a fresh start, financially. An experienced bankruptcy attorney can walk you through the filing process.

Bankruptcy helps people and businesses get a fresh start financially. Learn what filing for bankruptcy entails, as well as its benefits and disadvantages.

Address

11350 Random Hills Road, Suite 700
Fairfax, VA
22030

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5:30pm
Thursday 8am - 5pm
Friday 8am - 5pm

Telephone

+17033521300

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