Richland 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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Myrt T. Hales

Traffic, Accident & Injury, Workers' Compensation, Personal Injury

Status: In Good Standing Licensed: 45 Years

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Rayville, LA 71269

David P Doughty

Real Estate, Lawsuit & Dispute, Estate, Business

Status: In Good Standing

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607 Madeline St, Rayville, LA 71269

Damon Daniel Kervin

Personal Injury, Litigation

Status: In Good Standing Licensed: 22 Years

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911 Julia St, Rayville, LA 71269

John B Hoychick

Land Use & Zoning, Lawsuit & Dispute, Estate, Accident & Injury

Status: In Good Standing

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607 Madeline St, Rayville, LA 71269

Matthew Kyle Moore

Complex Litigation, Civil Rights, Insurance

Status: In Good Standing Licensed: 11 Years

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607 Madeline St, Rayville, LA 71269

Carey J Ellis

General Practice

Status: In Good Standing Licensed: 36 Years

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412 Smith St, Rayville, LA 71269

Joshua Lynn Strickland

General Practice

Status: In Good Standing Licensed: 9 Years

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802 Julia St, Rayville, LA 71269

Joshua L. Strickland

General Practice

Status: In Good Standing Licensed: 9 Years

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802 Julia St, Rayville, LA 71269

Penny S Wise-Douciere

General Practice

Status: In Good Standing Licensed: 39 Years

CONTACT

708 S Julia St, Rayville, LA 71269

Felix J Bruyninckx

General Practice

Status: In Good Standing Licensed: 48 Years

CONTACT

108 Buckles Rd, Rayville, LA 71269

800-923-0641

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LEGAL TERMS

PROPERTY CONTROL TRUST

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who ha... (more...)

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who have special physical, emotional or other requirements, (2) spendthrift trusts designed to prevent a beneficiary from wasting the trust principal; and (3) sprinkling trusts that allow the trustee to decide how to distribute trust income or principal among the beneficiaries.

MARITAL LIFE ESTATE TRUST

See AB trust.

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

ADEMPTION

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she di... (more...)

The failure of a bequest of property in a will. The gift fails (is 'adeemed') because the person who made the will no longer owns the property when he or she dies. Often this happens because the property has been sold, destroyed or given away to someone other than the beneficiary named in the will. A bequest may also be adeemed when the will maker, while still living, gives the property to the intended beneficiary (called 'ademption by satisfaction'). When a bequest is adeemed, the beneficiary named in the will is out of luck; he or she doesn't get cash or a different item of property to replace the one that was described in the will. For example, Mark writes in his will, 'I leave to Rob the family vehicle,' but then trades in his car in for a jet ski. When Mark dies, Rob will receive nothing. Frustrated beneficiaries may challenge an ademption in court, especially if the property was not clearly identified in the first place.

EXECUTOR

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's... (more...)

The person named in a will to handle the property of someone who has died. The executor collects the property, pays debts and taxes, and then distributes what's left, as specified in the will. The executor also handles any probate court proceedings and notifies people and organizations of the death. Also called personal representatives.

CREDIT SHELTER TRUST

See AB trust.

DISCHARGE (OF PROBATE ADMINISTRATOR)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties hav... (more...)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties have been completed but may happen sooner if the executor or administrator wishes to withdraw or is dismissed.

SURVIVING SPOUSE'S TRUST

If a couple has created an AB trust, the revocable living trust (Trust B) of the surviving spouse, after the first spouse has died.

SPENDTHRIFT TRUST

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.

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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Richland County, LA Trusts Lawyers

Sponsored Law Firm

Wes Bailey, Attorney At Law, LLC

SPONSORED LAWYERS

Myrt T. Hales

David P Doughty

Damon Daniel Kervin

John B Hoychick

Matthew Kyle Moore

Carey J Ellis

Joshua Lynn Strickland

Joshua L. Strickland

Penny S Wise-Douciere

Felix J Bruyninckx

TIPS

LEGAL TERMS

PROPERTY CONTROL TRUST

MARITAL LIFE ESTATE TRUST

ALTERNATE BENEFICIARY

ADEMPTION

EXECUTOR

CREDIT SHELTER TRUST

DISCHARGE (OF PROBATE ADMINISTRATOR)

SURVIVING SPOUSE'S TRUST

SPENDTHRIFT TRUST

SAMPLE LEGAL CASES

In re Mashburn Marital Trusts

Brown v. Schwegmann

IN THE MATTER OF MASHBURN MARITAL TRUSTS

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