Sabine County, LA Trusts Lawyers

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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

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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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Elizabeth A Pickett

General Practice

Status: In Good Standing Licensed: 40 Years

CONTACT

Many, LA 71449

Christopher Michael Sylvia

Commercial Real Estate, Litigation, Corporate, Banking & Finance, Business Successions

Status: In Good Standing Licensed: 24 Years

CONTACT

Many, LA 71449

Charles David Soileau

Lawsuit, Lawsuit & Dispute, Government, Civil Rights

Status: In Good Standing Licensed: 32 Years

CONTACT

730 San Antonio Ave, Many, LA 71449

Matthew John Couvillion

General Practice

Status: In Good Standing Licensed: 24 Years

CONTACT

657 Main St, Many, LA 71449

Don M Burkett

Civil & Human Rights

Status: In Good Standing Licensed: 47 Years

CONTACT

495 S Capitol St, Many, LA 71449

Ronald D Brandon

General Practice

Status: In Good Standing Licensed: 34 Years

CONTACT

805 San Antonio Ave, Many, LA 71449

Anna Louise Garcie

General Practice

Status: In Good Standing Licensed: 27 Years

CONTACT

495 S Capital St, Many, LA 71449

Cory Brent Wilson

General Practice

Status: In Good Standing Licensed: 19 Years

CONTACT

293 Elizabeth St, Many, LA 71449

Russell Luke Busby

General Practice

Status: In Good Standing

CONTACT

805 San Antonio Ave, Many, LA 71449

John W Pickett

General Practice

Status: In Good Standing Licensed: 39 Years

CONTACT

505 Smith St, Many, LA 71449

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LEGAL TERMS

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.

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

SURROGATE COURT

See probate court.

PER CAPITA

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leavin... (more...)

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leaving children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property per capita, Julie and the two grandchildren will each take a third. If, on the other hand, Fred's will states that heirs of a deceased beneficiary are to receive the property per stirpes, Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation).

PRETERMITTED HEIR

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child b... (more...)

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child born or adopted after the will is made may be deemed a pretermitted heir. If the court determines that an heir was accidentally omitted, that heir is entitled to receive the same share of the estate as she would have if the deceased had died without a will. A pretermitted heir is sometimes called an 'omitted heir.'

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.

QDOT TRUST

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spo... (more...)

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spouse. QDOT stands for qualified domestic trust.

FAILURE OF ISSUE

A situation in which a person dies without children who could have inherited her property.

EXEMPTION TRUST

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth m... (more...)

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth more than that amount, it usually goes to the surviving spouse. The trust property passes free from estate tax because of the personal exemption, and the rest is shielded from tax under the surviving spouse's marital deduction.

SAMPLE LEGAL CASES

In re Mashburn Marital Trusts

In this protracted litigation, Joseph Patton ("Pat") Mashburn and Donald J. ("Don") Mashburn, in their capacities as the managing co-trustees of the Jack and Sadie Pugh Mashburn Marital Trust ("marital trust") and Pat Mashburn and Richard A. Mashburn, in their capacities as ...

Brown v. Schwegmann

... Specifically, she asserted that all or part of Mr. Schwegmann's interests in the John F. Schwegmann Trust # 1 and the John F. Schwegmann Trust # 2 (hereinafter referred to as "the trusts") were subject to seizure in satisfaction of her judgment. ...

IN THE MATTER OF MASHBURN MARITAL TRUSTS

Joseph Patton ("Pat") Mashburn and Donald J. ("Don") Mashburn, in their capacities as the managing co-trustees of the Jack and Sadie Pugh Mashburn Marital Trust ("marital trust"), and Pat Mashburn and Richard A. Mashburn, in their capacities as the co-trustees of the Mashburn Family ...

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Sabine County, LA Trusts Lawyers

Sponsored Law Firm

Wes Bailey, Attorney At Law, LLC

SPONSORED LAWYERS

Elizabeth A Pickett

Christopher Michael Sylvia

Charles David Soileau

Matthew John Couvillion

Don M Burkett

Ronald D Brandon

Anna Louise Garcie

Cory Brent Wilson

Russell Luke Busby

John W Pickett

TIPS

LEGAL TERMS

STATUTORY SHARE

SUCCESSOR TRUSTEE

SURROGATE COURT

PER CAPITA

PRETERMITTED HEIR

LAPSE

QDOT TRUST

FAILURE OF ISSUE

EXEMPTION TRUST

SAMPLE LEGAL CASES

In re Mashburn Marital Trusts

Brown v. Schwegmann

IN THE MATTER OF MASHBURN MARITAL TRUSTS

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