Columbia 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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2. Email
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Includes: Gift Taxation

Bobby L Culpepper

Mediation, Social Security, Estate Planning, Family Law, Civil Rights

Status: In Good Standing Licensed: 59 Years

CONTACT

525 E Court St, Jonesboro, LA 71251

C Randolph Brown

Mediation, Patent, Estate Planning, Personal Injury

Status: In Good Standing Licensed: 72 Years

CONTACT

2222 Pargoud Blvd, Monroe, LA 71201

Dayna Michelle Ryan

Trusts, Estate Planning, Estate, Elder Law

Status: In Good Standing Licensed: 18 Years

CONTACT

3139 Mercedes Dr, Monroe, LA 71201

Jared Scott Scheinuk

Estate Planning, Workers' Compensation, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 11 Years

CONTACT

3139 Mercedes Dr, Monroe, LA 71201

Kay Stothart Rector

Estate Planning, Business & Trade, Personal Injury, Commercial Real Estate

Status: In Good Standing Licensed: 33 Years

CONTACT

401 Walnut Street, Monroe, LA 71201

John L Luffey

Tax, Estate Administration, Gift Taxation, Transactions, Corporate

Status: In Good Standing Licensed: 49 Years

CONTACT

2485 Tower Dr, Monroe, LA 71201

Phil D. Myers

Estate Planning, Workers' Compensation, Bankruptcy, Personal Injury

Status: Inactive Licensed: 45 Years

CONTACT

3139 Mercedes Dr, Monroe, LA 71211

Mark Alan Bodron

International, Gift Taxation, Environmental Law, Employment

Status: In Good Standing Licensed: 34 Years

CONTACT

100 Centruylink Drive, Monroe, LA 71203

Kandice Nicole Guice

Commercial Real Estate, Intellectual Property, Estate Planning, Contract

Status: In Good Standing Licensed: 10 Years

CONTACT

300 Washington St, Monroe, LA 71201

Robert L Curry

International, Industry Specialties, Estate Planning, Estate

Status: In Good Standing Licensed: 70 Years

CONTACT

3139 Mercedes Dr, Monroe, LA 71201

800-923-0641

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LEGAL TERMS

OFFICER

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operation... (more...)

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operations of the organization. Officers generally hold titles such as President or Treasurer. Many states and most corporate bylaws or LLC operating agreements require a corporation or LLC to have a president, secretary and treasurer. Election of a vice president may be required by state law.

DEATH TAXES

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who... (more...)

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who inherit property.

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

QTIP TRUST

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the... (more...)

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.

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.

SELF-PROVING WILL

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-prov... (more...)

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-proving when two witnesses sign under penalty of perjury that they observed the willmaker sign it and that he told them it was his will. If no one contests the validity of the will, the probate court will accept the will without hearing the testimony of the witnesses or other evidence. To make a self-proving will in other states, the willmaker and one or more witnesses must sign an affidavit (sworn statement) before a notary public certifying that the will is genuine and that all willmaking formalities have been observed.

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

STATUTORY SHARE

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceas... (more...)

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceased spouse's property, but in some states the exact amount of the spouse's share depends on whether or not the couple has young children and, in a few states, on how long the couple was married. In most states, if the deceased spouse left a will, the surviving spouse must choose either what the will provides or the statutory share. Sometimes the statutory share is known by its more arcane legal name, dower and curtesy, or as a forced or elective share.

INTER VIVOS TRUST

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

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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Columbia Estate Planning Lawyer, Louisiana

Sponsored Law Firm

Wes Bailey, Attorney At Law, LLC

SPONSORED LAWYERS

Bobby L Culpepper

C Randolph Brown

Dayna Michelle Ryan

Jared Scott Scheinuk

Kay Stothart Rector

John L Luffey

Phil D. Myers

Mark Alan Bodron

Kandice Nicole Guice

Robert L Curry

TIPS

LEGAL TERMS

OFFICER

DEATH TAXES

PROBATE

QTIP TRUST

AB TRUST

SELF-PROVING WILL

TRUSTEE POWERS

STATUTORY SHARE

INTER VIVOS TRUST

SAMPLE LEGAL CASES

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

Wild v. State

BOAT v. Haik

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