|"We used Megan to craft our wills and plan our estates.
She was tremendous in all aspects - providing top notch service
and remaining in constant contact with us through all the stages
of the process. She is a great listener and took what we said
to heart, helping us craft documents that met our needs to a
- Gaithersburg, MD
"I wanted to thank you for helping my parents last month.
Your flexibility and patience went above and beyond and my parents
and siblings are very appreciative." -
" I have consulted with Megan on my mother’s estate
and on a pre-nuptial agreement. What’s impresses me most
about Megan is her thoroughness and her ability to explain the
issues in a way understandable to a law novice. She is very
personable. I highly recommend Megan."
- Vienna, VA
"Megan Wallace worked with us to draft and execute four
estate planning documents. We were very impressed with her professionalism,
attention to making sure we understood the documents, patience
with explaining to us the implications of the decisions we were
making, and responsiveness. She was extremely easy and efficient
to work with."
- AU Park Resident, Washington, DC
"Ms. Wallace provided us with thorough and professional
counsel, but also showed uncommon flexibility and compassion.
Her assistance was invaluable during what was a difficult time
for my family."
- Falls Church, VA
"Megan has been wonderful to work with. Her knowledge base
is amazing and she delivered our needed documents in a timely
manner. I wouldn't hesitate to work with her again!"
- Potomac, MD
Estate Planning &
Wallace Law understands that many people find the estate planning
process to be time consuming and emotionally difficult. Wallace
Law can work with you to make it as understandable and comfortable
as possible. You will likely find it to be a rewarding and educational
experience resulting in peace of mind for you and your loved ones.
We will explain each document, and their provisions,
that you may need for a comprehensive plan, which may include:
- Last Will and Testament
- Testamentary Trusts for Minors (Family Pot Trust or Separate
- Testamentary Marital Trust, Bypass Trust, Credit Shelter Trust,
or Disclaimer Trust
- Advance Medical Directive, Durable Health Care Power of Attorney
or Living Will
- HIPAA Authorization
- General Financial Power of Attorney
- Revocable Trusts
- Irrevocable Life Insurance Trusts (ILIT)
- Charitable Remainder Trusts (CRT, CRUT, CRAT)
- Lifetime Gifting Strategies
- Business Succession Planning
- Premarital Agreements, Domestic
Partnership Agreements and Property Agreements
- Domestic Worker Employment Agreements and Nanny
Even if you don’t think you have an “estate”
to plan, you still need a will to provide for the orderly distribution
of your assets and real estate to those you love. In your will,
you can name your personal representative or executor who will manage
your affairs after your death. You will also be able to name guardians
for your children and trustees for their assets. Without
a will, the courts and the state legislature determine who will
act for you, where your assets will be distributed and the
most likely guardian for your minor children. In fact, without a
trust for assets being passed to your minor children, they will
likely have significant assets in their own name perhaps as early
as age eighteen. A will allows you to decide at what age your children
will receive asset distributions and for what purpose.
In the event of incapacity, it is critical that you are organized
and prepared in advance. In an Advance Medical
Directive, or Durable Health Care Power of Attorney, you decide
whom to name as your health care agent and provide guidance to them
for your medical care.
Similarly, a General Financial Power of Attorney
gives another person the ability to make financial decisions on
your behalf. A power of attorney may be used to address broad
financial issues or a single transaction like purchasing real estate.
Wallace Law also assists clients with estate administration or
probate matters following the death of a loved one. At death, probate
may be required to legally transfer title of assets to the appropriate
beneficiaries, to appoint the executor or personal representative
of the estate, and to determine distribution of estate assets. We
can assist you with all aspects of probate, including admitting
the will to probate court; obtaining certified letters of administration;
and final distribution of the decedent’s assets. Our estate
administration services ensure that loved ones will be securely
provided for in the manner you choose.
As of January 18, 2009, all qualifying domestic employees in Montgomery
County, Maryland, must have or have been offered a contract. Regardless
of where you live in the metropolitan DC area, it is important to
have a contract in place with domestic employees, particularly nannies.
Wallace Law can draft a Domestic Worker Employment Contract, or
Nanny Agreement, to protect you and your family.
Wallace Law will also work with you to memorialize and negotiate
premarital or prenuptial agreements. Wallace Law is well versed
in assisting its gay and lesbian clients with domestic partnership
agreements and property agreements.
Wallace Law’s clients include single people, married couples,
families, and unmarried domestic partners and their children.
Contact us today to begin getting
your affairs in order to take care of those you love.