La Salle 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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James Christopher Peters

General Practice

Status: In Good Standing Licensed: 30 Years

CONTACT

1000 Courthouse St, Jena, LA 71342

Mark Lee Talley

General Practice

Status: In Good Standing Licensed: 43 Years

CONTACT

Jena, LA 71342

Steven Paul Kendrick

Power of Attorney, Immigration, Estate, Divorce

Status: In Good Standing Licensed: 25 Years

CONTACT

3225 N 1St St, Jena, LA 71342

Dan B Cornett

General Practice

Status: In Good Standing Licensed: 51 Years

CONTACT

2407 N 1St St, Jena, LA 71342

R Joseph Wilson

General Practice

Status: In Good Standing Licensed: 56 Years

CONTACT

1057 Courthouse St, Jena, LA 71342

John R Walters

General Practice

Status: In Good Standing Licensed: 43 Years

CONTACT

1683 N 2Nd St, Jena, LA 71342

Lloyd E Hennigan

Estate, Employment, Divorce & Family Law, Accident & Injury

Status: In Good Standing Licensed: 66 Years

CONTACT

1364 3Rd St, Jena, LA 71342

Dean M Mosely

Real Estate, Divorce & Family Law

Status: In Good Standing Licensed: 55 Years

CONTACT

1383 N 2Nd St, Jena, LA 71342

Krystal Lasha Todd

General Practice

Status: In Good Standing Licensed: 21 Years

CONTACT

3170 N 1St St, Jena, LA 71342

Walter E Dorroh

Government, Divorce & Family Law, Business

Status: In Good Standing Licensed: 46 Years

CONTACT

3225 N 1St St, Jena, LA 71342

800-923-0641

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LEGAL TERMS

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

NET ESTATE

The value of all property owned at death less liabilities or debts.

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.

MARITAL LIFE ESTATE TRUST

See AB trust.

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

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.

NONPROBATE

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surv... (more...)

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surviving spouse and property left outside of a will through probate-avoidance methods such as pay-on-death designations, joint tenancy ownership, living trusts and life insurance. Property that avoids probate is sometimes described as the 'nonprobate estate.' Nonprobate distribution may also occur if the deceased person leaves an invalid will. In that case, property will pass according to the particular state's laws of intestate succession.

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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La Salle County, LA Trusts Lawyers

Sponsored Law Firm

Wes Bailey, Attorney At Law, LLC

SPONSORED LAWYERS

James Christopher Peters

Mark Lee Talley

Steven Paul Kendrick

Dan B Cornett

R Joseph Wilson

John R Walters

Lloyd E Hennigan

Dean M Mosely

Krystal Lasha Todd

Walter E Dorroh

TIPS

LEGAL TERMS

ADMINISTRATION (OF AN ESTATE)

GENERATION-SKIPPING TRANSFER TAX

SUCCESSOR TRUSTEE

NET ESTATE

MINERAL RIGHTS

MARITAL LIFE ESTATE TRUST

ESTATE TAXES

TAKING AGAINST THE WILL

NONPROBATE

SAMPLE LEGAL CASES

In re Mashburn Marital Trusts

Brown v. Schwegmann

IN THE MATTER OF MASHBURN MARITAL TRUSTS

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