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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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H. Kent Aguillard

Corporate, Bankruptcy, Trusts, Business Organization

Status: In Good Standing

CONTACT

Eunice, LA 70535

Benjamin Ascher Luke

Estate, Wills & Probate, Trusts, Business, Real Estate

Status: In Good Standing

CONTACT

643 N Main St, Marksville, LA 71351

Brent W Pearson

Tax, Electronic Commerce, Trusts, Business

Status: Inactive Licensed: 39 Years

CONTACT

2804 N Bolton Ave, Alexandria, LA 71303

Carolyn O'neal Hines

Trusts, Family Law, Criminal, Car Accident

Status: In Good Standing Licensed: 13 Years

CONTACT

1330 Jackson St, Alexandria, LA 71301

Danny Joseph Louviere

Traffic, Trusts, Wrongful Termination, Criminal

Status: In Good Standing Licensed: 27 Years

CONTACT

128 W Bellevue St, Opelousas, LA 70570

Gloria A Angus

Trusts, Child Custody, Criminal

Status: In Good Standing Licensed: 34 Years

CONTACT

627 E Vine St, Opelousas, LA 70570

Gwenda R. Lamb

Power of Attorney, Real Estate, Wills & Probate, Trusts

Status: In Good Standing Licensed: 36 Years

CONTACT

434 Dove Cv, Alexandria, LA 71303

H Gregory Walker

Wills, Trusts, Estate Planning, Estate, Elder Law

Status: In Good Standing Licensed: 48 Years

CONTACT

3800 Parliament Dr, Alexandria, LA 71303

Holland D Hunter

Environmental Law Other, Workers' Compensation, Banking & Finance, Personal Injury, Trusts

Status: In Good Standing Licensed: 41 Years

CONTACT

306 E North St, Opelousas, LA 70570

John H Pucheu

Mass Torts, Trusts, Sexual Harassment, Discrimination, Medical Malpractice

Status: In Good Standing Licensed: 45 Years

CONTACT

106 Park Ave, Eunice, LA 70535

800-923-0641

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LEGAL TERMS

CREDIT SHELTER TRUST

See AB trust.

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.

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

PER STIRPES

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. F... (more...)

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living 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 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). If, on the other hand, Fred's will states that the property is to be divided per capita, Julie and the two grandchildren will each take a third.

BENEFICIARY

A person or organization legally entitled to receive benefits through a legal device, such as a will, trust or life insurance policy.

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

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.

DEVISEE

A person or entity who inherits real estate under the terms of a will.

ABATEMENT

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other exp... (more...)

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other expenses. Gifts left in the will are cut back in order to pay taxes, satisfy debts or take care of other gifts that are given priority under law or by the will itself.

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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Bunkie Trusts Lawyer, Louisiana

Sponsored Law Firm

Wes Bailey, Attorney At Law, LLC

SPONSORED LAWYERS

H. Kent Aguillard

Benjamin Ascher Luke

Brent W Pearson

Carolyn O'neal Hines

Danny Joseph Louviere

Gloria A Angus

Gwenda R. Lamb

H Gregory Walker

Holland D Hunter

John H Pucheu

TIPS

LEGAL TERMS

CREDIT SHELTER TRUST

ACCUMULATION TRUST

GROSS ESTATE

PER STIRPES

BENEFICIARY

RESIDUARY ESTATE

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

DEVISEE

ABATEMENT

SAMPLE LEGAL CASES

In re Mashburn Marital Trusts

Brown v. Schwegmann

IN THE MATTER OF MASHBURN MARITAL TRUSTS

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