Delanson Estate Planning Lawyer, New York

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Robert Klipstein
About | Practice Areas
Ballon Stoll PC
810 7th Ave Suite 405 New York, NY 10019» view map
Immigration Law
Counselors At Law

Founded in 1931 and built upon a tradition of excellence, Ballon Stoll P.C. is a mid-sized full-service law firm catering to the needs of businesses and individuals alike.

212.575.7900
1. Robert Klipstein New York, NY
  Attorney at Law, NY
  Columbia University Law School, J.D. 1960
2. AboutBallon Stoll PC
  Counselors At Law
3. Practice AreasExpertise
  Immigration
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Includes: Gift Taxation

Timothy F Wilkens

Real Estate, Estate Planning, Environmental Law, Family Law

Status: In Good Standing

FREE CONSULTATION

CONTACT

215 State Street, Schenectady, NY 12301

John L. Orfan

Estate Planning, Real Estate, Litigation, Personal Injury

Status: In Good Standing

FREE CONSULTATION

CONTACT

100 Great Oaks Boulevard, Albany, NY 12203

Mark Douglas Witecki

International, Trusts, Gift Taxation, Criminal

Status: In Good Standing Licensed: 13 Years

CONTACT

1555 Regal Ave, Schenectady, NY 12309

Stephen R. Markovits

International Tax, Corporate, Estate Planning, Estate Administration

Status: In Good Standing

CONTACT

52 Corporate Circle, Albany, NY 12203

Daniel J. Casserly

Elder Law, Estate Planning, Business

Status: In Good Standing

CONTACT

255 Washington Ave Ext, Albany, NY 12205

Julieann Calareso

Elder Law, Wills & Probate, Trusts, Estate Planning

Status: In Good Standing

CONTACT

255 Washington Ave, Albany, NY 12205

Terence J. Devine

Tax Litigation, Estate Planning, Family Law, Divorce & Family Law

Status: In Good Standing

CONTACT

52 Corporate Circle, Albany, NY 12203

Philip A. Di Giorgio

Estate Administration, Estate Planning, Child Custody, Elder Law

Status: In Good Standing

CONTACT

43 British American Boulevard, Latham, NY 12110

Brian James Barraclough

Administrative Law, Estate Planning, Construction, Mediation

Status: In Good Standing

CONTACT

10 Airline Drive, Albany, NY 12205

Alice M Breding

Wills & Probate, Business, Estate Planning

Status: In Good Standing

CONTACT

4 British American Boulevard, Latham, NY 12110

800-923-0641

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LEGAL TERMS

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

TRUST MERGER

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.

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.

FAILURE OF ISSUE

A situation in which a person dies without children who could have inherited her property.

LETTERS TESTAMENTARY

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succes... (more...)

The document given to an executor by the probate court, authorizing the executor to settle the estate according to either a will or the state's intestate succession laws.

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

SPECIAL ADMINISTRATOR

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a spe... (more...)

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a special administrator with particular expertise on art might be appointed to oversee the probate of a wealthy person's art collection, but not the entire estate. (2) A person appointed to be responsible for a deceased person's property for a limited time or during an emergency, such as a challenge to the will or to the qualifications of the named executor. In such cases, the special administrator's duty is to maintain and preserve the estate, not necessarily to take control of the probate process

OFFICER

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operation... (more...)

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operations of the organization. Officers generally hold titles such as President or Treasurer. Many states and most corporate bylaws or LLC operating agreements require a corporation or LLC to have a president, secretary and treasurer. Election of a vice president may be required by state law.

SAMPLE LEGAL CASES

Schneider v. Finmann

... maintain an action for legal malpractice. We now reverse and reinstate plaintiff's claim. Strict privity, as applied in the context of estate planning malpractice actions, is a minority rule in the United States. [1] In New York, a third ...

Fielding v. Kupferman

... The documents at issue in Bishop were estate planning instruments executed by the plaintiff who believed that he was giving his wife a life estate and was not limiting his access to his life savings (Bishop, 33 AD3d 497, 501 [2006], affd 9 NY3d 910 [2007]). ...

Kram Knarf, LLC v. Djonovic

... The client's malpractice complaint was silent as to how the attorneys misled him, what they failed to explain to him concerning the estate planning documents he executed, and which of his instructions those documents did not reflect (33 AD3d at 498-499). ...

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Delanson Estate Planning Lawyer, New York

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Timothy F Wilkens

John L. Orfan

Mark Douglas Witecki

Stephen R. Markovits

Daniel J. Casserly

Julieann Calareso

Terence J. Devine

Philip A. Di Giorgio

Brian James Barraclough

Alice M Breding

TIPS

LEGAL TERMS

FINAL BENEFICIARY

TRUST MERGER

SURVIVING SPOUSE'S TRUST

FAILURE OF ISSUE

LETTERS TESTAMENTARY

POUR-OVER WILL

SPECIFIC BEQUEST

SPECIAL ADMINISTRATOR

OFFICER

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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