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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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Nobody relishes the idea of hiring a lawyer. However, when you have a legal problem, you want to make sure the lawyer you hire is capable of achieving your goals.

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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Andrea V. Morrison

Accident & Injury, Estate, Real Estate, Employment, Business

Status: Licensed: 15 Years

FREE CONSULTATION

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301 Main St, Baton Rouge, LA 70801

Andrea Odessa Nathan

Tax, Business, Trucking, Estate Planning, Bankruptcy

Status: Licensed: 12 Years

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1885 N 3Rd St, Baton Rouge, LA 70803

Andretta Breaux Atkins

Traffic, Wills & Probate, Employment, Divorce, Federal

Status: Licensed: 9 Years

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22775 Aidan Rd, Plaquemine, LA 70764

Andrew B Ezell

Lawsuit & Dispute, Estate, Criminal, Business

Status: Licensed: 50 Years

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10761 Perkins Rd, Baton Rouge, LA 70810

Andrew Parr Sellers

Real Estate, Lawsuit, Estate, Elder Law, Insurance

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6100 Corporate Blvd, Baton Rouge, LA 70808

Angela Michelle Whit Adolph

Litigation, Health Care, Estate, Employment

Status: Licensed: 31 Years

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400 Convention St, Baton Rouge, LA 70802

Anna Cristina Quintero Skias

Estate Planning, Estate

Status: Licensed: 11 Years

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712 N Burnside Ave, Gonzales, LA 70737

Anne Richey Myles

Wills, Estate Planning, Family Law, Divorce & Family Law

Status: Licensed: 16 Years

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21122 Old Scenic Hwy, Zachary, LA 70791

Anthony Todd Caruso

Estate Planning, Employee Rights, Family Law, Personal Injury

Status: Licensed: 28 Years

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233 Capitol St, Denham Springs, LA 70726

Ariel Vontreese Dixon

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

Status: Licensed: 13 Years

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809 Summer Breeze Dr, Baton Rouge, LA 70810

800-814-6700

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LEGAL TERMS

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

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.

PREDECEASED SPOUSE

In the law of wills, a spouse who dies before the will maker while still married to him or her.

INVESTOR

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes invest... (more...)

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes investments for others who have entrusted her with their money.

DISCHARGE (OF PROBATE ADMINISTRATOR)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties hav... (more...)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties have been completed but may happen sooner if the executor or administrator wishes to withdraw or is dismissed.

TRUST MERGER

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.

BENEFICIARY

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

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.

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

SAMPLE LEGAL CASES

Estate of Francis v. City of Rayne

In re Rayne City of et al.; Boulet, Daniel; Foreman, Mario; â€” Defendant(s); Applying for Writ of Certiorari and/or Review, Parish of Acadia, 15th Judicial District Court Div. D, No. 81532-D; to the Court of Appeal, Third Circuit, No. 07-359.

Samaha v. Rau

... Wright v. Louisiana Power & Light, 2006-1181 p. 17 (La.3/9/07), 951 So.2d 1058, 1070; King v. Parish National Bank, 2004-0337 p. 7 (La.10/19/04), 885 So.2d 540, 545; Jones v. Estate of Santiago, 2003-1424 p. 5 (La.4/14/04), 870 So.2d 1002, 1006. ...

Lozier v. Estate of Elmer

On October 26, 2001, plaintiff filed a "Petition to Recover Damages for Breach of Contract Against the Estate of William Jay Elmer and to Recover Payment of Wages Owed by the Estate of William Jay Elmer." In her petition, plaintiff asserts that William Elmer was her employer from ...

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Baton Rouge Estate Lawyer, Louisiana, page 3

Sponsored Law Firm

Wes Bailey, Attorney At Law, LLC

SPONSORED LAWYERS

Andrea V. Morrison

Andrea Odessa Nathan

Andretta Breaux Atkins

Andrew B Ezell

Andrew Parr Sellers

Angela Michelle Whit Adolph

Anna Cristina Quintero Skias

Anne Richey Myles

Anthony Todd Caruso

Ariel Vontreese Dixon

TIPS

LEGAL TERMS

AUGMENTED ESTATE

ABATEMENT

PREDECEASED SPOUSE

INVESTOR

DISCHARGE (OF PROBATE ADMINISTRATOR)

TRUST MERGER

BENEFICIARY

GENERATION-SKIPPING TRANSFER TAX

AB TRUST

SAMPLE LEGAL CASES

Estate of Francis v. City of Rayne

Samaha v. Rau

Lozier v. Estate of Elmer

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