Assumption 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
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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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Sarah Ann Legendre

Accident & Injury, Criminal, Divorce & Family Law, Estate, Lawsuit & Dispute

Status: In Good Standing Licensed: 15 Years

CONTACT

4759 Highway 1, Napoleonville, LA 70390

Ashley Elisabeth Dorsey-foster

Family Law, Criminal, Personal Injury

Status: In Good Standing Licensed: 10 Years

CONTACT

109 Franklin Ave, Napoleonville, LA 70390

Jess J Waguespack

Commercial Real Estate, Estate Planning, Estate, Corporate

Status: In Good Standing Licensed: 54 Years

CONTACT

5047 Highway 1, Napoleonville, LA 70390

Martin S Triche

Other, Government, Business, Accident & Injury

Status: In Good Standing Licensed: 34 Years

CONTACT

4759 Highway 1, Napoleonville, LA 70390

Felix Julius Sternfels

Social Security, Wills, Disability, Personal Injury

Status: In Good Standing Licensed: 28 Years

CONTACT

Napoleonville, LA 70390

Janet Magner Daigle

General Practice

Status: In Good Standing Licensed: 34 Years

CONTACT

6118 Highway 1, Paincourtville, LA 70391

Thomas Daniel Daigle

General Practice

Status: In Good Standing Licensed: 34 Years

CONTACT

6118 Highway 1, Paincourtville, LA 70391

Ellen E. Banta

General Practice

Status: In Good Standing Licensed: 9 Years

CONTACT

130 Napoleon Ave, Napoleonville, LA 70390

Robert L Menuet

General Practice

Status: Inactive Licensed: 54 Years

CONTACT

218 Washington St, Napoleonville, LA 70390

Tonya Blanchard Clark

Education, Landlord-Tenant, Immigration, Health Care Other, Civil Rights

Status: In Good Standing Licensed: 22 Years

CONTACT

608 Congress St, Napoleonville, LA 70390

800-923-0641

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LEGAL TERMS

SUMMARY PROBATE

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are ... (more...)

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are complicated, but a few examples include estates worth up to $100,000 in California; New York estates where property, excluding real estate and amounts that must be set aside for surviving family members, is worth $20,000 or less; and Texas estates where the value of property doesn't exceed what is needed to pay a family allowance and certain creditors.

STATUTORY SHARE

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceas... (more...)

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceased spouse's property, but in some states the exact amount of the spouse's share depends on whether or not the couple has young children and, in a few states, on how long the couple was married. In most states, if the deceased spouse left a will, the surviving spouse must choose either what the will provides or the statutory share. Sometimes the statutory share is known by its more arcane legal name, dower and curtesy, or as a forced or elective share.

ADEMPTION

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she di... (more...)

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she dies. Often this happens because the property has been sold, destroyed or given away to someone other than the beneficiary named in the will. A bequest may also be adeemed when the will maker, while still living, gives the property to the intended beneficiary (called 'ademption by satisfaction'). When a bequest is adeemed, the beneficiary named in the will is out of luck; he or she doesn't get cash or a different item of property to replace the one that was described in the will. For example, Mark writes in his will, 'I leave to Rob the family vehicle,' but then trades in his car in for a jet ski. When Mark dies, Rob will receive nothing. Frustrated beneficiaries may challenge an ademption in court, especially if the property was not clearly identified in the first place.

HOLOGRAPHIC WILL

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many stat... (more...)

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many states, making a holographic will is never advised except as a last resort.

EXEMPTION TRUST

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth m... (more...)

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth more than that amount, it usually goes to the surviving spouse. The trust property passes free from estate tax because of the personal exemption, and the rest is shielded from tax under the surviving spouse's marital deduction.

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

MINERAL RIGHTS

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral right... (more...)

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral rights is usually entitled to either take the minerals from the land himself or receive a royalty from the party that actually extracts the minerals.

RULE AGAINST PERPETUITIES

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.

TAKING AGAINST THE WILL

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property.... (more...)

A procedure under state law that gives a surviving spouse the right to demand a certain share (usually one-third to one-half) of the deceased spouse's property. The surviving spouse can take that share instead of accepting whatever he or she inherited through the deceased spouse's will. If the surviving spouse decides to take the statutory share, it's called 'taking against the will.' Dower and curtesy is another name for the same legal process.

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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Assumption County, LA Trusts Lawyers

Sponsored Law Firm

Wes Bailey, Attorney At Law, LLC

SPONSORED LAWYERS

Sarah Ann Legendre

Ashley Elisabeth Dorsey-foster

Jess J Waguespack

Martin S Triche

Felix Julius Sternfels

Janet Magner Daigle

Thomas Daniel Daigle

Ellen E. Banta

Robert L Menuet

Tonya Blanchard Clark

TIPS

LEGAL TERMS

SUMMARY PROBATE

STATUTORY SHARE

ADEMPTION

HOLOGRAPHIC WILL

EXEMPTION TRUST

TRUST CORPUS

MINERAL RIGHTS

RULE AGAINST PERPETUITIES

TAKING AGAINST THE WILL

SAMPLE LEGAL CASES

In re Mashburn Marital Trusts

Brown v. Schwegmann

IN THE MATTER OF MASHBURN MARITAL TRUSTS

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