Lacey L. Bailey
Jackson, MS
SHAREHOLDER
Areas of Specialty:
Estate Planning
Trust Planning
Charitable and Non-Charitable Gift Planning
Business Planning
Asset Protection
Individual and Business Tax Planning
Trust Administration
Testate and Intestate Administration
Federal Estate and Gift Tax Return Preparation
Federal Estate and Gift Tax Audits and Litigation
Professional Experience:
Prepares (and/or coordinates with certified public accountants in the preparation of) federal gift and estate tax returns for clients documenting the transfer of nearly $400 Million in assets and counting.
Advises clients in relation to the full life cycle of business and entity structures from formation through dissolution, including, but not limited to, operation, succession of ownership and management, insurance planning, salary continuation agreements, asset protection, transfer restrictions (family and non-family), tax planning, dispute resolution, and mergers and reorganizations.
Advises clients in conjunction with their financial planners, certified public accountants, and insurance agents with respect to their personal estate and gift planning goals, including charitable and non-charitable gifting, prenuptial and postnuptial agreements, life insurance and retirement account planning, asset protection planning, special needs planning, and testamentary and non-testamentary planning through Wills and Trusts.
Advises trustees, executors, and administrators in the performance of their fiduciary duties and advises beneficiaries with respect to their rights and interests in trusts and estates.
Advises and negotiates on behalf of taxpayers in relation to federal tax audits and assessments.
Forms and qualifies entities as private foundations and provides continued guidance in the administration.
Admissions:
State Bar of Georgia
The Mississippi Bar
Tennessee State Bar
State Bar of Texas
United States District Court – Northern District of Mississippi
United States District Court – Southern District of Mississippi
United States Tax Court
Professional Memberships & Affiliations:
State Bar of Georgia (Member, Taxation Section)
The Mississippi Bar (Past Chair, Taxation Section; Member, Estates and Trusts Section)
Tennessee State Bar (Member, Taxation Section)
State Bar of Texas (Member, Real Estate, Probate and Trust Law Section; Member, Taxation Section)
Education:
Master of Laws (LL.M.) in Taxation, Northwestern University School of Law, Chicago, Illinois (2008)
Juris Doctor (J.D.), The University of Mississippi School of Law (Ole Miss), Oxford, Mississippi (2006)
Bachelor of Business Administration (B.B.A.), cum laude, The University of Mississippi (Ole Miss), Oxford, Mississippi (2003)
Community Involvement:
Kappa Kappa Gamma Fraternity
Member, Alumnae Association, Jackson, Mississippi (2016-present)(Past Treasurer)
Alumni Advisor, Delta Rho Chapter Advisory Board (Ole Miss), Oxford, Mississippi (2016-2021; 2023-present)(Past Chairman and Secretary)
Ex Officio Member, Delta Rho Chapter House Association of Kappa Kappa Gamma Fraternity (Ole Miss), Oxford, Mississippi (2017-2021; 2023-present)
Member and Treasurer, Belhaven House and Garden Club, Jackson, Mississippi (2023-present)
