Estate Services in Washington DC |
After an extensive and varied career in government service with the U.S. Department of Justice and the Pension Benefit Guaranty Corporation, Frank Allen retired and opened an office in his home on Capitol Hill. He provides legal services for single, married, or partnered District of Columbia (DC) residents who may not think of themselves as “wealthy,” but who have accumulated substantial and valuable property, as a result of the growth in home values, the increasing popularity of defined contribution retirement plans and IRA's, and by saving some of what they have earned through their working lives.
In addition, people have come to realize that extraordinary advances in medical technology and knowledge make it possible to prolong life beyond the point where life has any meaning. For this reason, most estate planning lawyers, Frank Allen included, advise their clients to plan, not only for pre-mature death, but also for a period of disability that prevents making informed decisions about health care and personal business affairs.
Some people have an adult child with a disability that will always require attention and expense. They may want to look into the advantages and disadvantages of a special needs trust.
Estate taxes? Most estates don't have to pay them. But if an estate is subject to state or federal estate taxes, the rates are hefty. If your anticipated gross estate (probate property, insurance, remainder on pension plan, etc.) is approaching the million-dollar level, you should at least know what the likely tax consequences would be for your heirs and legatees.
Contact Frank Allen either by phone — (202) 544-0242 — or through this form.