Wallace died peacefully from end stage renal disease at the age of 89. He retired from Hewlett Packard in 1986 as their S.E. Regional Sales Manager after 25 years of service. He is survived by his current wife of 39 years, Alice Carman of Gainesville, FL and his children Bethany Craig and her husband, Arthur Craig, of Madison, VA, Blaine Carman and his wife Traci of Temecula, CA, Peter Carman and his wife Molly of Ellicott City, MD and Megan Carman and her husband Mark Meau of Franklin, NH.