Allred, Bacon, Halfhill & Young, PC

Allred, Bacon, Halfhill & Young, PC

We are attorneys at law having served the DC metropolitan area for 20 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 MAHDAVI, 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 attorn

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How to leave crypto to a loved one - NerdWallet 11/23/2021

How to leave crypto to a loved one - NerdWallet

It’s important to understand how to safely store your cryptocurrency and communicate your wishes with your loved ones, just like you would with any other valuable asset. https://bit.ly/30AHQxF

How to leave crypto to a loved one - NerdWallet If you don't make a plan for your cryptocurrency, it could be lost after you die. Here's how to make sure it gets passed down to a loved one.

Timeline Photos 11/22/2021

In a divorce, 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.

In a divorce, 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.

Understanding Different Types of Trust Funds and How They Work 11/19/2021

Understanding Different Types of Trust Funds and How They Work

Trusts come in many shapes and sizes and can deal with issues as varied as Social Security, insurance, and inheritance. https://bit.ly/3FoiUJ1

Understanding Different Types of Trust Funds and How They Work These helpful estate-planning tools aren’t only for the rich

4 Ways to Protect Your Credit During and After a Divorce - NerdWallet 11/17/2021

4 Ways to Protect Your Credit During and After a Divorce - NerdWallet

A divorce isn’t just an emotional challenge, it’s a logistical one, too. But while you’re sorting out who gets what, it’s important to make sure that you’ll be able to land on your feet financially and won’t be saddled with your former spouse’s debt. http://bit.ly/2MGUORd

4 Ways to Protect Your Credit During and After a Divorce - NerdWallet A divorce means splitting financial assets, but credit scores are not shared. Here's how to protect your good credit or build credit in your own name.

What Is a Power of Attorney? - NerdWallet 11/15/2021

What Is a Power of Attorney? - NerdWallet

A power of attorney is a legal document that gives a person the authority to act on another’s behalf. Because life events can spur the need for a power of attorney for any person over 18, all adults should consider setting up a power of attorney before they need one. #EstatePlanning

What Is a Power of Attorney? - NerdWallet A power of attorney is a legal document that gives another person the authority to take agreed-upon actions on your behalf. Learn more.

Hidden In Plain Sight: Don’t Overlook These Assets During A Divorce Negotiation 11/15/2021

Hidden In Plain Sight: Don’t Overlook These Assets During A Divorce Negotiation

When dividing assets in a divorce, most energy tends to be spent on the big assets, like the house and the retirement accounts. But there are many other very valuable assets that deserve thoughtful consideration also. https://bit.ly/3o83gKO

Hidden In Plain Sight: Don’t Overlook These Assets During A Divorce Negotiation There are many other very valuable assets that tend to be overlooked, forgotten altogether, or just left until the last minute that deserve thoughtful consideration also.

Timeline Photos 11/13/2021

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

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

How to Plan Your Finances for a Divorce 11/12/2021

How to Plan Your Finances for a Divorce

When going through a divorce, it’s wise to get a comprehensive view of your assets, including copies of bank accounts, retirement funds, and tax returns. If you know what you have before the divorce and what you’ll need afterward, financial divorce planning can save you at least a few difficult decisions in advance. https://yhoo.it/2E8C9sg

How to Plan Your Finances for a Divorce The divorce rate in the U.S. has declined since the 1980s, down from 50% to around 39%. However, you may need to prepare for it anyway. It can be financially devastating. Planning working with a financial advisor can minimize the … Continue reading ->The post How to Plan Your Finances for a Divorc...

Don't leave grieving relatives searching for your passwords: Here's how to organize your digital life before you die 11/10/2021

Don't leave grieving relatives searching for your passwords: Here's how to organize your digital life before you die

There was a time when you didn’t worry much about your email account, or the website you bought years ago, or your usernames and passwords for various financial and other accounts. But now you must make sure that your loved ones have access to your digital assets should you die. https://bit.ly/39qHTPa

Don't leave grieving relatives searching for your passwords: Here's how to organize your digital life before you die At one time, you never worried about your email or passwords. Now you must make sure your loved ones have access to your digital assets if you die.

How to avoid mistakes dividing up 401(k) assets in divorce 11/09/2021

How to avoid mistakes dividing up 401(k) assets in divorce

Retirement assets often represents a divorcing couple s largest pot of money. And if the process for the division of those assets is not done properly, there can be a steep price to pay in taxes, penalties or an unintended amount of money going to an ex-spouse. https://cnb.cx/35Ao1Ub

How to avoid mistakes dividing up 401(k) assets in divorce If splitting retirement assets is handled incorrectly, the result could be taxes or penalties or the wrong amount of money going to an ex-spouse.

Retirement, Estate Planning: Documents You Should Have 11/06/2021

Retirement, Estate Planning: Documents You Should Have

Managing your estate, regardless of the size, begins with working with an expert to help give you greater control, privacy and security of your legacy – the one you worked so hard to build. http://bit.ly/2RyhAhb

Retirement, Estate Planning: Documents You Should Have Managing your estate, regardless of the size, begins with working with an expert to help give you greater control, privacy and security of your legacy – the one you worked so hard to build. The documents you need to get started are outlined below:

How Credit Card Debt Is Handled in Divorce 11/05/2021

How Credit Card Debt Is Handled in Divorce

Understand what your options are for separating yourself financially from your former spouse so that you can start rebuilding your life post-marriage. #Divorce http://bit.ly/31RqJ5E

How Credit Card Debt Is Handled in Divorce Divorcing your debts can be challenging, even with a divorce decree.

Why Divorce Among Older Couples Is Soaring 11/02/2021

Why Divorce Among Older Couples Is Soaring

Since 1990, the divorce rate of people over 50 has doubled. Many factors contribute to "gray divorce," including an increased willingness to face relationship differences after children leave home. https://bit.ly/3Ej9tdi

Why Divorce Among Older Couples Is Soaring The highest divorce rate in history isn't subsiding.

Here’s What You Need To Know About The Most-Popular Estate Planning Trusts 11/01/2021

Here’s What You Need To Know About The Most-Popular Estate Planning Trusts

Trusts are an essential part of many estate plans. Here are the key terms and concepts of the most widely-used types of trusts. https://bit.ly/2J1Rh0o

Here’s What You Need To Know About The Most-Popular Estate Planning Trusts Trusts are essential to many estate plans, but few people understand them well enough.

The Smart Path To Crafting Your New Identity After Divorce 10/30/2021

The Smart Path To Crafting Your New Identity After Divorce

If you took on your spouse’s last name or added it to your own, you may also have to make the call on what you’re going to do with your name post-divorce. https://bit.ly/2WG9KDw

The Smart Path To Crafting Your New Identity After Divorce As if the hundred other decisions you’re forced to make weren’t already enough, if you took on your spouse’s last name (or merely added it to your own), you may also have to make the call on what you’re going to do with your name post-divorce.

Estate Planning: Create Your Legacy 10/28/2021

Estate Planning: Create Your Legacy

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. https://bit.ly/3kAfurW https://money.usnews.com/money/blogs/the-smarter-mutual-fund-investor/articles/estate-planning-create-your-legacy

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

How the Divorce Process Works 10/25/2021

How the Divorce Process Works

An experienced family law attorney can explain your rights and responsibilities and help you navigate the divorce process. https://bit.ly/3DWopxV

How the Divorce Process Works Divorce is hard. Here's a step-by-step look at how the divorce process works, from filing the divorce petition to finalizing the judgment.

How to give your heirs quick access to your bank accounts when you die 10/25/2021

How to give your heirs quick access to your bank accounts when you die

Payable on Death Accounts allow quick access to funds without creating a living trust or going through probate. A withdrawal from a POD account still takes time, though, since the beneficiary must show the bank a death certificate as well as identification. https://on.mktw.net/3DJOmka

How to give your heirs quick access to your bank accounts when you die Take a few essential steps now to help make things easier on your loved ones.

Where Divorces Are Becoming More Common in 2021 10/22/2021

Where Divorces Are Becoming More Common in 2021

Nationally, the divorce rate has remained flat over the past several years. This isn’t the case in all cities, however. https://bit.ly/3DZB3w5

Where Divorces Are Becoming More Common in 2021 The divorce rate in these cities is increasing faster than anywhere else, census data shows.

How to Change Your Estate Plan During Divorce 10/21/2021

How to Change Your Estate Plan During Divorce

Divorce is never easy, and estate planning can make it all the more challenging. At such an emotional time, more paperwork is probably the last thing you want on your to-do list. But taking a few key steps is critical to your financial future. https://bit.ly/3BVGX0H

How to Change Your Estate Plan During Divorce At such an emotional time, it can be easy to overlook your will and other important documents.

Joint Debt Lenders Might Hold You Responsible in a Divorce 10/18/2021

Joint Debt Lenders Might Hold You Responsible in a Divorce

Divorce can be a long and difficult process. You'll need to make decisions about a number of things, including debt that you took on jointly with your spouse. Don't just assume that your divorce will split loans up the way you expected, and take steps to protect yourself from future financial troubles (and stress) down the road. http://bit.ly/32XHpsN

Joint Debt Lenders Might Hold You Responsible in a Divorce Find out what happens to joint debts after divorce. Lenders might hold you responsible for debts like auto loans even if your ex is supposed to pay.

Probate cases rise as people die from COVID without wills - Marketplace 10/18/2021

Probate cases rise as people die from COVID without wills - Marketplace

During the global pandemic, the deaths leading to probate cases have come faster than some courts can handle. https://bit.ly/3v61zjY

Probate cases rise as people die from COVID without wills - Marketplace In Texas, probate court judges say they are trying to manage a huge increase in cases, with families left to sort out a loved one's affairs.

Decoupling Your Finances: How to Divide Your Money in a Divorce 10/15/2021

Decoupling Your Finances: How to Divide Your Money in a Divorce

Between state laws, beneficiaries, and dividing assets, disentangling your finances from your former spouse's can become incredibly complicated. This is a crucial time to rely on professionals that help ensure you've checked every box, found every account, and have fully protected yourself from financial damage. https://bit.ly/3v8xMY4

Decoupling Your Finances: How to Divide Your Money in a Divorce Divorces can be messy, but taking the right steps to divide your finances can help cover your bases and recover your assets.

Estate Planning Tips to Keep Your Money in the Family 10/14/2021

Estate Planning Tips to Keep Your Money in the Family

Complex strategies and the ever-evolving tax code can make estate planning feel intimidating. However, ignoring it can be a costly mistake for your heirs, even if you don't have a lot of money in the bank. https://yhoo.it/3AAG2B6

Estate Planning Tips to Keep Your Money in the Family The prospect of estate planning can seem overwhelming, but don't put it off. Having an estate plan is crucial to ensuring your money and assets go to your intended heirs.

Can Your Ex Take Your Social Security After Divorce? | The Motley Fool 10/11/2021

Can Your Ex Take Your Social Security After Divorce? | The Motley Fool

Your ex-spouse can use your record to get Social Security, but your benefits won't be affected. https://bit.ly/3BezqJU

Can Your Ex Take Your Social Security After Divorce? | The Motley Fool As it turns out, you don't need to care.

What does an estate executor do? Here’s a checklist of the most important financial duties 10/11/2021

What does an estate executor do? Here’s a checklist of the most important financial duties

When a loved one (the decedent) passes away, someone must take on the job of winding up the financial aspects of the estate. That person may be identified in the decedent’s will as the executor of the decedent’s estate. https://on.mktw.net/2YmpkIW

What does an estate executor do? Here’s a checklist of the most important financial duties The financial stakes can be high, and there may be deadlines that pile on the pressure.

What Is a QDRO? 10/08/2021

What Is a QDRO?

When couples get divorced, their assets are usually divided, but that split doesn't automatically extend to retirement plans, which is where a qualified domestic relations order (QDRO) can come into play. http://bit.ly/36nTRo4

What Is a QDRO? A QDRO or qualified domestic relations order could require you to split pension or retirement funds with your ex-spouse. Read how a QDRO works in a divorce.

What to tell your adult kids when planning your estate 10/07/2021

What to tell your adult kids when planning your estate

You finalized a will, made sure beneficiaries are named on financial accounts, signed all other pertinent documents and picked an executor to carry out your wishes when you die. You might have overlooked one consideration: whether you should share the details of your efforts with your adult children. https://cnb.cx/3pzpepP

What to tell your adult kids when planning your estate Estate planning is a delicate subject, regardless of whether you decide to share just the basics or more detailed information about your plan.

Getting Divorced? Here's What Happens to Your Mortgage 10/05/2021

Getting Divorced? Here's What Happens to Your Mortgage

Your home loan could continue to be your legal responsibility, even after a divorce. Because of the huge risks of remaining on a mortgage loan, you'll likely want to take action to protect yourself. https://bit.ly/35gvFGb

Getting Divorced? Here's What Happens to Your Mortgage If you end your marriage, you'll need to decide what happens to your mortgage. Here's what you need to know.

A will doesn't cover all your bases when it comes to end-of-life decisions. Here's what else you need 10/05/2021

A will doesn't cover all your bases when it comes to end-of-life decisions. Here's what else you need

A will is just one of several legal documents that help your loved ones know your end-of-life wishes. https://cnb.cx/2DIIEVU

A will doesn't cover all your bases when it comes to end-of-life decisions. Here's what else you need If the coronavirus pandemic has you considering your mortality, be sure to address what would happen to your bank accounts, your home, your belongings and your dependents if you're no longer here.

Divorce: How to stay financially secure when you're splitting up 10/01/2021

Divorce: How to stay financially secure when you're splitting up

Here's how to come away with your finances intact after you go your separate ways. http://bit.ly/2ZGXy4Z

Divorce: How to stay financially secure when you're splitting up Divorce can be a real threat to your personal finances. Here's how to come away with your finances intact after you go your separate ways.

Making Trusts for Special Needs Children 09/30/2021

Making Trusts for Special Needs Children

There is significant complexity with the laws surrounding special needs trusts, so having an attorney with experience in the area is key. https://bit.ly/2HbZ2jB

Making Trusts for Special Needs Children If you are the parent of a person with special needs, you’re well aware the role you play is very different than it may be for other children. Properly planning to meet their financial needs, both in the immediate and long term, is a critical part of supporting your child. This support often must

6 essential estate planning documents every adult needs 09/27/2021

6 essential estate planning documents every adult needs

No matter how much or how little you possess, there are estate planning documents that every adult should have. https://on.mktw.net/3zp7Ojr

6 essential estate planning documents every adult needs Having a will isn't only for the super rich

4 ways to protect your finances during a divorce 09/25/2021

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. http://bit.ly/2Nq8oaP

4 ways to protect your finances during a 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.

Rewriting Your Will After Divorce 09/24/2021

Rewriting Your Will After Divorce

Major changes in your life—such as marriage, having a baby, moving out of state, or divorce—should prompt a revisit to your current will. https://bit.ly/3hG8TNK

Rewriting Your Will After Divorce Getting divorced? Here are some items you will need to remove or add to your will.

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