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WE THINK YOU’LL LOVE WORKING WITH US. HERE’S WHY.
Kathryn D. Wallace Kathryn D. Wallace

Kathryn D. Wallace


Shareholder

Meet Katy, trust and estates attorney.

Kathryn D. Wallace

207 228-7169 direct
207 774-1200 main
207 774-1127 facsimile

100 Middle Street
PO Box 9729
Portland, ME 04104-5029

Chair
Trusts and Estates Practice Group

PRACTICES & INDUSTRIES SERVED Trusts and Estates
AWARDS
  • Recognized as Rising Star by Super Lawyers for trusts and estates
PRESS & PUBLICATIONS

Here’s why you’ll enjoy working with her.

Katy loves all aspects of her work, from helping her clients carefully craft estate plans that meet their dispositive objectives to fine-tuning complex tax-driven planning and tax-reporting. Katy loves details. Her approach is kind, thoughtful and compassionate in helping clients navigate what can often be one of the most emotional and challenging parts of their lives.

But that’s not all. Katy is also very experienced in:

  • Auditing existing estate plans for conformity with current law and tax planning purposes
  • Preparing wills, trusts (both revocable and irrevocable), powers of attorney, health care directives and health care proxy declarations
  • Advising clients regarding estate, gift, generation-skipping transfer and income tax planning (including the use of irrevocable life insurance trusts, charitable trusts, minor’s trusts, grantor retained annuity or unitrusts, dynasty trusts, family limited partnerships, limited liability companies, and qualified personal residence trusts); vacation home planning; business succession planning; and planning for more “complex” assets such as real estate holdings, large retirement accounts and interests in closely held businesses
  • Assisting clients with their non-tax based legacy planning
  • Administering estates and trusts of all sizes at all stages of administration (including: obtaining or preparing the appointment of the fiduciary; preparation and approval of fiduciary accountings and plans of distribution; preparation of deeds of distribution and related receipt agreements; the preparation of nonjudicial settlement agreements; and the preparation and filing of fiduciary income tax returns and estate tax returns)
  • Representing fiduciaries and beneficiaries in controversies involving estate and trust settlement (including will contests, will or trust construction, trust reformation, trust termination and breach of fiduciary duty actions)
  • Serving as fiduciary (including personal representative, trustee, agent under power of attorney and conservator)
  • Assisting with matters related to incapacitated persons (minors and adults), including obtaining guardianship and/or conservatorship over the incapacitated person (or their property) and preparation of special needs trusts
  • Advising clients regarding antenuptial agreements, including the preparation of prenuptial and postnuptial agreements and the post-execution reformation of those agreements

In her former life, Katy was:

  • An attorney at a boutique trusts and estates law firm in Portland
  • A Court Appointed Special Advocate Guardian ad Litem advocating for disadvantaged children in Maine
  • An intern at both Maine Revenue Services and Cumberland Legal Aid Clinic

When Katy isn’t working, she is…

Enjoying family time with her husband and sons and supporting her sons in their many endeavors. Katy also enjoys staying active by running, spinning and skiing.

Background

Education
JD, University of Maine School of Law, 2001
BA, Wheaton College, 1998, cum laude

Admitted to practice
State of Maine
Commonwealth of Massachusetts

Memberships

Maine State Bar Association (Past Chair, Trusts and Estates section)
Cumberland County Bar Association
American Bar Association
Maine Estate Planning Council