Golden Meadow 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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Damon Joseph Baldone

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

Honesty | Integrity | Experience

Damon J. Baldone & Associates is a full-service law firm located in downtown Houma. Our main objective is to make our clients’ lives easier. We ta... (more)

CONTACT

800-343-4430

162 New Orleans Blvd, Houma, LA 70364

Ruhama Dankner

Family Law, Wills & Probate, Wills, Divorce

Status: In Good Standing

CONTACT

5200 Lapalco Boulevard, Marrero, LA 70072

Camille Saltz Babin

Divorce & Family Law, Wills & Probate, Adoption, Divorce

Status: In Good Standing Licensed: 28 Years

CONTACT

254 Barrow St, Houma, LA 70360

John E. Sirois

Trusts, Estate Planning, Estate, Elder Law

Status: In Good Standing

CONTACT

220 Progressive Dr, Houma, LA 70360

Vincent Dagate

Real Estate, Wills & Probate, Family Law, Corporate

Status: In Good Standing Licensed: 42 Years

CONTACT

7905 Park Ave, Houma, LA 70364

Van F Ellender

Business Successions, Family Law, Wills & Probate

Status: In Good Standing Licensed: 57 Years

CONTACT

704 Winfield Blvd, Houma, LA 70360

Randall M Alfred

Real Estate, Lawsuit & Dispute, Estate, Bankruptcy & Debt

Status: In Good Standing Licensed: 46 Years

CONTACT

106 Ramey Road, Houma, LA 70360

Morgan Travis Allison

Divorce & Family Law, Estate, Divorce, Bankruptcy

Status: In Good Standing

CONTACT

6864 W Main St, Houma, LA 70360

Claudia Mitchell Thompson

Elder Law, Family Law, Commercial Real Estate, Wills

Status: Inactive Licensed: 28 Years

CONTACT

100 Maxine Blvd, Gray, LA 70359

David C. Peltier

Real Estate, Estate, Divorce & Family Law, Criminal

Status: In Good Standing

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CONTACT

500 West 3rd Street, Thibodaux, LA 70301

800-923-0641

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LEGAL TERMS

INTER VIVOS TRUST

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

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

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.

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

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.

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.

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.

NET ESTATE

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

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

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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Golden Meadow Estate Planning Lawyer, Louisiana

Sponsored Law Firm

Wes Bailey, Attorney At Law, LLC

SPONSORED LAWYERS

Damon Joseph Baldone

Ruhama Dankner

Camille Saltz Babin

John E. Sirois

Vincent Dagate

Van F Ellender

Randall M Alfred

Morgan Travis Allison

Claudia Mitchell Thompson

David C. Peltier

TIPS

LEGAL TERMS

INTER VIVOS TRUST

TRUSTEE

PROBATE

ESTATE TAXES

DEATH TAXES

ACCUMULATION TRUST

ENDOWMENT INSURANCE

NET ESTATE

AB TRUST

SAMPLE LEGAL CASES

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

Wild v. State

BOAT v. Haik

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