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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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Includes: Gift Taxation

Nykeba R. Walker

Tax, Gift Taxation

Status: Inactive Licensed: 17 Years

CONTACT

129 Brice Road, Bienville, LA 71008

Bobby L Culpepper

Mediation, Social Security, Estate Planning, Family Law, Civil Rights

Status: In Good Standing Licensed: 59 Years

CONTACT

525 E Court St, Jonesboro, LA 71251

Robert Dwayne Shannon

General Practice

Status: In Good Standing Licensed: 24 Years

CONTACT

100 Centurylink Dr, Monroe, LA 71203

Layne M. Adams

Estate Planning, Family Law

Status: In Good Standing Licensed: 41 Years

CONTACT

141 Desiard St, Monroe, LA 71201

Kandice Nicole Guice

Commercial Real Estate, Intellectual Property, Estate Planning, Contract

Status: In Good Standing Licensed: 10 Years

CONTACT

300 Washington St, Monroe, LA 71201

Phil D. Myers

Estate Planning, Workers' Compensation, Bankruptcy, Personal Injury

Status: Inactive Licensed: 45 Years

CONTACT

3139 Mercedes Dr, Monroe, LA 71211

Dayna Michelle Ryan

Trusts, Estate Planning, Estate, Elder Law

Status: In Good Standing Licensed: 18 Years

CONTACT

3139 Mercedes Dr, Monroe, LA 71201

Jared Scott Scheinuk

Estate Planning, Workers' Compensation, Bankruptcy, Personal Injury

Status: In Good Standing Licensed: 11 Years

CONTACT

3139 Mercedes Dr, Monroe, LA 71201

Kay Stothart Rector

Estate Planning, Business & Trade, Personal Injury, Commercial Real Estate

Status: In Good Standing Licensed: 33 Years

CONTACT

401 Walnut Street, Monroe, LA 71201

John L Luffey

Tax, Estate Administration, Gift Taxation, Transactions, Corporate

Status: In Good Standing Licensed: 49 Years

CONTACT

2485 Tower Dr, Monroe, LA 71201

800-923-0641

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LEGAL TERMS

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.

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.

FAMILY ALLOWANCE

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to ... (more...)

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to help support the surviving spouse and children during the time it takes to probate the estate. The amount is determined by state law and varies greatly from state to state.

ENTITY

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from i... (more...)

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from its individual members--for example, a corporation, partnership, trust, estate or government agency. The entity is treated like a person; it can function legally, be sued, and make decisions through agents.

ABSTRACT OF TRUST

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract... (more...)

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract of trust to a financial organization or other institution to prove that you have established a valid living trust, without revealing specifics that you want to keep private. In some states, this document is called a 'certification of trust.'

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.

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.

HEIR APPARENT

One who expects to be receive property from the estate of a family member, as long as she outlives that person.

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

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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Sikes Estate Planning Lawyer, Louisiana

Sponsored Law Firm

Wes Bailey, Attorney At Law, LLC

SPONSORED LAWYERS

Nykeba R. Walker

Bobby L Culpepper

Robert Dwayne Shannon

Layne M. Adams

Kandice Nicole Guice

Phil D. Myers

Dayna Michelle Ryan

Jared Scott Scheinuk

Kay Stothart Rector

John L Luffey

TIPS

LEGAL TERMS

ALTERNATE BENEFICIARY

GROSS ESTATE

FAMILY ALLOWANCE

ENTITY

ABSTRACT OF TRUST

LAPSE

EXECUTOR

HEIR APPARENT

TRUST CORPUS

SAMPLE LEGAL CASES

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

Wild v. State

BOAT v. Haik

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