Hosston Estate Planning Lawyer, Louisiana, page 2

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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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Includes: Gift Taxation

D. Rex Anglin

Personal Injury, Family Law, Estate Planning, Business Successions

Status: In Good Standing

CONTACT

327 Crockett Street, Shreveport, LA 71101

William C. Kalmbach

Tax, Estate Planning, Corporate, Business

Status: In Good Standing Licensed: 35 Years

CONTACT

Shreveport, LA 71120

J Benjamin Warren

Tax, Estate Planning, Business & Trade, Corporate

Status: In Good Standing Licensed: 37 Years

CONTACT

333 Texas St, Shreveport, LA 71101

Kyle Ashley Moore

Estate Administration, Estate Planning, Guardianships & Conservatorships, Elder Law

Status: In Good Standing Licensed: 25 Years

CONTACT

912 Kings Hwy, Shreveport, LA 71104

Brian D. Landry

Education, Construction, Estate Planning, Corporate

Status: In Good Standing Licensed: 32 Years

CONTACT

4300 Youree Dr, Shreveport, LA 71105

Michael S. Roderick

Science, Technology & Internet, Wills, Gift Taxation, Family Law

Status: In Good Standing Licensed: 35 Years

CONTACT

203 Vermillion Place, Bossier City, LA 71112

Paul E. Kitchens

Estate, Business Organization, Banking & Finance, Bankruptcy, Estate Planning

Status: In Good Standing Licensed: 54 Years

CONTACT

420 Broadway St, Minden, LA 71055

800-923-0641

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LEGAL TERMS

ANCILLARY PROBATE

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are... (more...)

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are necessary if the deceased person owned real estate in another state.

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.

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.

GRANTOR

Someone who creates a trust. Also called a trustor or settlor.

DISINHERIT

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit prope... (more...)

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit property -- a close family member, for example -- should not receive it. In most states, you cannot completely disinherit your spouse; a surviving spouse has the right to claim a portion (usually one-third to one-half) of the deceased spouse's estate. With a few exceptions, however, you can expressly disinherit children.

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.

MARITAL LIFE ESTATE TRUST

See AB trust.

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).

SUCCESSION

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which d... (more...)

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which determine who inherits property when someone dies without a valid will. When used in connection with real estate, the word refers to the passing of property by will or inheritance, as opposed to gift, grant, or purchase.

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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Hosston Estate Planning Lawyer, Louisiana, page 2

Sponsored Law Firm

Wes Bailey, Attorney At Law, LLC

SPONSORED LAWYERS

D. Rex Anglin

William C. Kalmbach

J Benjamin Warren

Kyle Ashley Moore

Brian D. Landry

Michael S. Roderick

Paul E. Kitchens

TIPS

LEGAL TERMS

ANCILLARY PROBATE

POUR-OVER WILL

AB TRUST

GRANTOR

DISINHERIT

GENERATION-SKIPPING TRANSFER TAX

MARITAL LIFE ESTATE TRUST

CHARITABLE TRUST

SUCCESSION

SAMPLE LEGAL CASES

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

Wild v. State

BOAT v. Haik

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