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: Licensed: 40 Years

CONTACT

408 N Parkerson Ave, Crowley, LA 70527

John D Trahan

Estate, Adoption

Status: Licensed: 43 Years

CONTACT

1718 N Avenue D, Crowley, LA 70526

Bhyllie J. Mouton

Government, Divorce & Family Law, Bankruptcy & Debt

Status: Licensed: 9 Years

CONTACT

905 The Blvd, Rayne, LA 70578

John Michael Stefanski

Employment, Accident & Injury

Status: Licensed: 49 Years

CONTACT

125 E Hutchinson Ave, Crowley, LA 70526

Luke Anthony Beslin

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

Status: Licensed: 27 Years

CONTACT

800 N Polk St, Rayne, LA 70578

Jack Derrick Miller

General Practice

Status: Licensed: 52 Years

CONTACT

415 N Parkerson Ave, Crowley, LA 70526

Kristian Dennis Earles

General Practice

Status: Licensed: 30 Years

CONTACT

Crowley, LA 70527

Joseph J Vincent

Bankruptcy, Medical Malpractice

Status: Licensed: 25 Years

CONTACT

1224 N Parkerson Ave, Crowley, LA 70526

Clint David Bischoff

Government

Status: Licensed: 33 Years

CONTACT

320 Duson Ave, Iota, LA 70543

Shane Michael Mouton

Family Law, Child Custody, Bankruptcy, Accident & Injury

Status: Licensed: 30 Years

CONTACT

905 The Blvd, Rayne, LA 70578

800-814-6700

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LEGAL TERMS

DEVISEE

A person or entity who inherits real estate under the terms of a will.

SURVIVING SPOUSE'S TRUST

If a couple has created an AB trust, the revocable living trust (Trust B) of the surviving spouse, after the first spouse has died.

ABATEMENT

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other exp... (more...)

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other expenses. Gifts left in the will are cut back in order to pay taxes, satisfy debts or take care of other gifts that are given priority under law or by the will itself.

CHARITABLE TRUST

Any trust designed to make a substantial gift to a charity and also achieve income and estate tax savings for the person who creates the trust (the grantor).

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

WILL

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for you... (more...)

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for your young children.

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.

PROVING A WILL

Convincing a probate court that a document is truly the deceased person's will. Usually this is a simple formality that the executor or administrator easily sat... (more...)

Convincing a probate court that a document is truly the deceased person's will. Usually this is a simple formality that the executor or administrator easily satisfies by showing that the will was signed and dated by the deceased person in front of two or more witnesses. When the will is holographic -- that is, completely handwritten by the deceased and not witnessed, it is still valid in many states if the executor can produce relatives and friends to testify that the handwriting is that of the deceased.

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.

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

John D Trahan

Bhyllie J. Mouton

John Michael Stefanski

Luke Anthony Beslin

Jack Derrick Miller

Kristian Dennis Earles

Joseph J Vincent

Clint David Bischoff

Shane Michael Mouton

TIPS

LEGAL TERMS

DEVISEE

SURVIVING SPOUSE'S TRUST

ABATEMENT

CHARITABLE TRUST

LIVING TRUST

WILL

POUR-OVER WILL

PROVING A WILL

GENERATION-SKIPPING TRANSFER TAX

SAMPLE LEGAL CASES

In re Mashburn Marital Trusts

Brown v. Schwegmann

IN THE MATTER OF MASHBURN MARITAL TRUSTS

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