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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

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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Thomas A. Bordelon

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

THOMAS A. BORDELON was born in San Antonio, Texas on December 6, 1959. Mr. Bordelon graduated cum laude from Louisiana State University at Shreveport... (more)

FREE CONSULTATION

CONTACT

800-865-9541

401 Market Street, Shreveport, LA 71101

Mark Daniel Frederick

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

General Legal Services in Northwest Louisiana.

Mark D. Frederick has over 20 years of legal experience, enabling him to handle the demands of your case regardless of the complexities involved. As y... (more)

FREE CONSULTATION

CONTACT

318-868-7300

2800 Youree Drive, Shreveport, LA 71104

Walter F. Johnson

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Real Estate, Landlord-Tenant, Business, Estate, Oil & Gas

Walter F. Johnson, III is a practicing lawyer in the state of Louisiana. Attorney Johnson received his J.D. from Louisiana State University in 1975. ... (more)

CONTACT

318-861-4535

425 Ashley Ridge Blvd., Shreveport, LA 71106

William Deryl Medlin

Business Organization, Wills & Probate, Corporate, Elder Law

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CONTACT

400 Texas Street, Shreveport, LA 71161

A. L. Wedgeworth

Corporate, Wills & Probate

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CONTACT

400 Texas Street, Shreveport, LA 71161

Wm. Timothy Allen

Energy, Estate Planning, Corporate, Business Organization

Status:

CONTACT

400 Texas Street, Shreveport, LA 71101

W. Lake Hearne

Family Law, Wills & Probate, Constitutional Law, Contract

Status:

CONTACT

333 Texas Street, Shreveport, LA 71101

W. Michael Adams

Estate Planning, Employment, Family Law, Corporate

Status:

CONTACT

400 Texas Street, Shreveport, LA 71101

G. Warren Thornell

Real Estate, Estate, Criminal, Accident & Injury

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CONTACT

416 Travis St, Ste 200, Shreveport, LA 71101

Katherine Cook Guidry

Corporate, Business Successions, Estate Planning, Transactions

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CONTACT

400 Texas Street, Shreveport, LA 71101

800-814-6700

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LEGAL TERMS

ACCUMULATION TRUST

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust.

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.

LAPSE

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. S... (more...)

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. Some states have anti-lapse statutes, which prevent gifts to relatives of the deceased person from lapsing unless the relative has no heirs of his or her own. A lapsed gift becomes part of the residuary estate.

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.

MARITAL LIFE ESTATE TRUST

See AB trust.

INTER VIVOS TRUST

The Latin name, favored by some lawyers, for a living trust. 'Inter vivos' is Latin for 'between the living.'

FAMILY POT TRUST

See pot trust.

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.

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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Ida Estate Lawyer, Louisiana

Sponsored Law Firm

Wes Bailey, Attorney At Law, LLC

SPONSORED LAWYERS

Thomas A. Bordelon

Mark Daniel Frederick

Walter F. Johnson

William Deryl Medlin

A. L. Wedgeworth

Wm. Timothy Allen

W. Lake Hearne

W. Michael Adams

G. Warren Thornell

Katherine Cook Guidry

TIPS

LEGAL TERMS

ACCUMULATION TRUST

ADEMPTION

LAPSE

ADMINISTRATION (OF AN ESTATE)

MARITAL LIFE ESTATE TRUST

INTER VIVOS TRUST

FAMILY POT TRUST

TAKING AGAINST THE WILL

AB TRUST

SAMPLE LEGAL CASES

Estate of Francis v. City of Rayne

Samaha v. Rau

Lozier v. Estate of Elmer

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