Clayton Estate Planning Lawyer, Louisiana

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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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Includes: Gift Taxation

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Derrick Deshannon Carson

Divorce & Family Law, Criminal, Accident & Injury, Car Accident, Household Mold

Status: In Good Standing Licensed: 27 Years

CONTACT

1007 N E E Wallace Blvd, Ferriday, LA 71334

Madaline Cross Gibbs

Divorce

Status: In Good Standing Licensed: 30 Years

CONTACT

358 Panola Dr, Ferriday, LA 71334

Leo Boothe

Lawsuit & Dispute, Wrongful Termination, Divorce & Family Law

Status: In Good Standing Licensed: 54 Years

CONTACT

4134 Dunbarton Rd, Ferriday, LA 71334

Carlyle Paxton Killen

General Practice

Status: In Good Standing Licensed: 19 Years

CONTACT

799 Highway 568, Ferriday, LA 71334

Lauri G Boyd

Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 41 Years

CONTACT

1001 Ee Wallace Blvd N, Ferriday, LA 71334

Myisha Renea Davis

General Practice

Status: In Good Standing Licensed: 15 Years

CONTACT

210 Louisiana Ave, Ferriday, LA 71334

Anna B Ferguson

Immigration, Child Custody, Divorce & Family Law, DUI-DWI

Status: In Good Standing Licensed: 33 Years

CONTACT

506 Louisiana Ave, Ferriday, LA 71334

Brent S Gore

General Practice

Status: Inactive Licensed: 51 Years

CONTACT

1030 Fisherman Dr, Ferriday, LA 71334

James E. Paxton

Government, Divorce & Family Law

Status: In Good Standing Licensed: 36 Years

CONTACT

Saint Joseph, LA 71366

Paul Arenz Lemke

Divorce & Family Law

Status: In Good Standing Licensed: 25 Years

CONTACT

117 Pine St, Harrisonburg, LA 71340

800-923-0641

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LEGAL TERMS

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.

NET ESTATE

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

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.

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to o... (more...)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to or taken from a worker provides some protection for workers in the event certain types of pension plans cannot pay the benefits to which workers are entitled, and requires that employers provide full and clear information about employees' pension rights, including the way pension benefits accumulate, how the company invests pension funds, and when and how pension benefits can be collected.

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).

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.

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.

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.

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

SAMPLE LEGAL CASES

Wild v. STATE, DEPT. OF HEALTH AND HOSPS.

... an Administrative Law Judge (ALJ), who eventually affirmed LDHH's denial of Mrs. Wild's request for LTC Medicaid eligibility, essentially rejecting Mrs. Wild's rebuttal claim that Mr. Wild died unexpectedly, shortly after he had established the trust for estate planning purposes. ...

Wild v. State

BOAT v. Haik

... In 2001, Gladys Boyt (Gladys) responded to an advertisement run by Vermillion, through ALMS, in her local newspaper for an estate planning seminar. Upon attendance at the seminar, Gladys signed up for Vermillion's estate planning services. ...

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Clayton Estate Planning Lawyer, Louisiana

Sponsored Law Firm

Wes Bailey, Attorney At Law, LLC

SPONSORED LAWYERS

Derrick Deshannon Carson

Madaline Cross Gibbs

Leo Boothe

Carlyle Paxton Killen

Lauri G Boyd

Myisha Renea Davis

Anna B Ferguson

Brent S Gore

James E. Paxton

Paul Arenz Lemke

TIPS

LEGAL TERMS

TAKING AGAINST THE WILL

NET ESTATE

PROVING A WILL

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

CHARITABLE TRUST

SUMMARY PROBATE

LAPSE

AB TRUST

ENDOWMENT INSURANCE

SAMPLE LEGAL CASES

Wild v. STATE, DEPT. OF HEALTH AND HOSPS.

Wild v. State

BOAT v. Haik

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