Acadia County, LA Trusts Lawyers

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Wesley Bailey
About | Practice Areas
Wes Bailey, Attorney At Law, LLC
303 E Texas St Leesville, LA 71446» view map
Estate Law
You Deserve A Fair Trial

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800-948-5630
1. Wesley Bailey Leesville, LA
  Attorney at Law- LA, 2008
  Southern University Law Center, J.D. 2008
2. AboutWes Bailey, Attorney At Law, LLC
  You Deserve A Fair Trial
3. Practice AreasExpertise
  Estate Law
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Kim Reginald Hayes

Divorce & Family Law, Real Estate, Estate, Criminal, Accident & Injury

Status: In Good Standing Licensed: 40 Years

CONTACT

408 N Parkerson Ave, Crowley, LA 70527

Luke Anthony Beslin

Real Estate, Estate, Civil & Human Rights, Accident & Injury

Status: In Good Standing Licensed: 27 Years

CONTACT

800 N Polk St, Rayne, LA 70578

Joseph J Vincent

Bankruptcy, Medical Malpractice

Status: In Good Standing Licensed: 24 Years

CONTACT

1224 N Parkerson Ave, Crowley, LA 70526

Kristian Dennis Earles

General Practice

Status: In Good Standing Licensed: 29 Years

CONTACT

Crowley, LA 70527

John D Trahan

Estate, Adoption

Status: In Good Standing Licensed: 42 Years

CONTACT

1718 N Avenue D, Crowley, LA 70526

Bhyllie J. Mouton

Government, Divorce & Family Law, Bankruptcy & Debt

Status: In Good Standing Licensed: 9 Years

CONTACT

905 The Blvd, Rayne, LA 70578

Jack Derrick Miller

General Practice

Status: In Good Standing Licensed: 51 Years

CONTACT

415 N Parkerson Ave, Crowley, LA 70526

Clint David Bischoff

Government

Status: In Good Standing Licensed: 32 Years

CONTACT

320 Duson Ave, Iota, LA 70543

John Michael Stefanski

Employment, Accident & Injury

Status: In Good Standing Licensed: 49 Years

CONTACT

125 E Hutchinson Ave, Crowley, LA 70526

Shane Michael Mouton

Family Law, Child Custody, Bankruptcy, Accident & Injury

Status: In Good Standing Licensed: 30 Years

CONTACT

905 The Blvd, Rayne, LA 70578

800-923-0641

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LEGAL TERMS

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

HEIR APPARENT

One who expects to be receive property from the estate of a family member, as long as she outlives that person.

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

QTIP TRUST

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the... (more...)

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

BENEFICIARY

A person or organization legally entitled to receive benefits through a legal device, such as a will, trust or life insurance policy.

PROBATE COURT

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate cour... (more...)

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate court' in New York and several other states, this court normally examines the authenticity of a will -- or if a person dies intestate, figures out who receives her property under state law. It then oversees a procedure to pay the deceased person's debts and to distribute her assets to the proper inheritors. See probate.

CONTINGENT BENEFICIARY

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisf... (more...)

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisfied. For example, if Fred is entitled to take property under a will only if he's married at the time of the will maker's death, Fred is a contingent beneficiary. Similarly, if Ellen is named to receive a house only in the event her mother, who has been named to live in the house, moves out of it, Ellen is a contingent beneficiary.

SELF-PROVING WILL

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-prov... (more...)

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-proving when two witnesses sign under penalty of perjury that they observed the willmaker sign it and that he told them it was his will. If no one contests the validity of the will, the probate court will accept the will without hearing the testimony of the witnesses or other evidence. To make a self-proving will in other states, the willmaker and one or more witnesses must sign an affidavit (sworn statement) before a notary public certifying that the will is genuine and that all willmaking formalities have been observed.

SAMPLE LEGAL CASES

In re Mashburn Marital Trusts

In this protracted litigation, Joseph Patton ("Pat") Mashburn and Donald J. ("Don") Mashburn, in their capacities as the managing co-trustees of the Jack and Sadie Pugh Mashburn Marital Trust ("marital trust") and Pat Mashburn and Richard A. Mashburn, in their capacities as ...

Brown v. Schwegmann

... Specifically, she asserted that all or part of Mr. Schwegmann's interests in the John F. Schwegmann Trust # 1 and the John F. Schwegmann Trust # 2 (hereinafter referred to as "the trusts") were subject to seizure in satisfaction of her judgment. ...

IN THE MATTER OF MASHBURN MARITAL TRUSTS

Joseph Patton ("Pat") Mashburn and Donald J. ("Don") Mashburn, in their capacities as the managing co-trustees of the Jack and Sadie Pugh Mashburn Marital Trust ("marital trust"), and Pat Mashburn and Richard A. Mashburn, in their capacities as the co-trustees of the Mashburn Family ...

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Acadia County, LA Trusts Lawyers

Sponsored Law Firm

Wes Bailey, Attorney At Law, LLC

SPONSORED LAWYERS

Kim Reginald Hayes

Luke Anthony Beslin

Joseph J Vincent

Kristian Dennis Earles

John D Trahan

Bhyllie J. Mouton

Jack Derrick Miller

Clint David Bischoff

John Michael Stefanski

Shane Michael Mouton

TIPS

LEGAL TERMS

GROSS ESTATE

HEIR APPARENT

GRANTOR RETAINED INCOME TRUST

QTIP TRUST

HEIR AT LAW

BENEFICIARY

PROBATE COURT

CONTINGENT BENEFICIARY

SELF-PROVING WILL

SAMPLE LEGAL CASES

In re Mashburn Marital Trusts

Brown v. Schwegmann

IN THE MATTER OF MASHBURN MARITAL TRUSTS

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