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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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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: Estate Administration, Living Wills, Wills

Melanie F. McCullough

Divorce & Family Law, Family Law, Wills & Probate, Personal Injury

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Melanie F. McCullough Attorney at Law, Minden, LA 71055

W. Lake Hearne

Family Law, Wills & Probate, Constitutional Law, Contract

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333 Texas Street, Shreveport, LA 71101

William Deryl Medlin

Business Organization, Wills & Probate, Corporate, Elder Law

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400 Texas Street, Shreveport, LA 71161

A. L. Wedgeworth

Corporate, Wills & Probate

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400 Texas Street, Shreveport, LA 71161

Michael S. Roderick

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

Status: In Good Standing Licensed: 35 Years

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203 Vermillion Place, Bossier City, LA 71112

W. James Hill

Commercial Real Estate, Wills

Status: In Good Standing

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8570 Business Park Dr, Shreveport, LA 71105

Kyle Ashley Moore

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

Status: In Good Standing Licensed: 25 Years

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912 Kings Hwy, Shreveport, LA 71104

Jeff S. Knotts

Business & Trade, Wills

Status: Inactive Licensed: 28 Years

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511 Watson Drive, Natchitoches, LA 71457

Joe C Lesage

Personal Injury, Wills & Probate, White Collar Crime

Status: In Good Standing

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920 Pierremont Road, Shreveport, LA 71163

Carl Henry Franklin

Mass Torts, Wills, Estate, Criminal, Personal Injury

Status: In Good Standing Licensed: 40 Years

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910 Pierremont Rd, Shreveport, LA 71106

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LEGAL TERMS

BEQUEATH

A legal term sometimes used in wills that means 'leave' -- for example, 'I bequeath my garden tools to my brother-in-law, Buster Jenkins.'

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

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.

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.

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.

SUMMARY PROBATE

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are ... (more...)

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are complicated, but a few examples include estates worth up to $100,000 in California; New York estates where property, excluding real estate and amounts that must be set aside for surviving family members, is worth $20,000 or less; and Texas estates where the value of property doesn't exceed what is needed to pay a family allowance and certain creditors.

GRANTOR

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

HOLOGRAPHIC WILL

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many stat... (more...)

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many states, making a holographic will is never advised except as a last resort.

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.

SAMPLE LEGAL CASES

IN RE SIVERD

... Siverd. However, on November 28, 2007, Edward DuFaur filed a petition for probate of last will and testament, asserting that Holly Siverd in fact died testate, having executed a last will and testament on January 29, 2007. The ...

In re Succession of Davis

... [1]. An order admitting Davis's will to probate and authorizing letters testamentary to Cano was signed by a Texas court on June 20, 2006. ... 3401, et seq., and La. RS 9:2421, et seq. An order of probate was signed by the Louisiana court on January 11, 2007. ...

IN RE SUCCESSION OF DOUCET

... Beverly Sanders Doucet appeals a judgment that refused to probate a copy of the notarial will that her late husband executed naming her his sole universal legatee. ... Reiterating 741 that "it is not clear what became of the will," the court rejected Beverly's claim for probate. ...

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Castor Wills & Probate Lawyer, Louisiana

Sponsored Law Firm

Wes Bailey, Attorney At Law, LLC

SPONSORED LAWYERS

Melanie F. McCullough

W. Lake Hearne

William Deryl Medlin

A. L. Wedgeworth

Michael S. Roderick

W. James Hill

Kyle Ashley Moore

Jeff S. Knotts

Joe C Lesage

Carl Henry Franklin

TIPS

LEGAL TERMS

BEQUEATH

TESTAMENTARY TRUST

LAPSE

PER STIRPES

ACCUMULATION TRUST

SUMMARY PROBATE

GRANTOR

HOLOGRAPHIC WILL

GENERATION-SKIPPING TRANSFER TAX

SAMPLE LEGAL CASES

IN RE SIVERD

In re Succession of Davis

IN RE SUCCESSION OF DOUCET

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