East Rockaway 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

Alan C. Eagle

Estate Planning, Employee Rights, Bankruptcy, Products Liability

Status: In Good Standing Licensed: 39 Years

CONTACT

926 Rxr Plaza, Uniondale, NY 11556

Alexander Simon

Commercial Real Estate, Estate Planning, Business & Trade

Status: In Good Standing Licensed: 63 Years

CONTACT

353 Laurel Rd, West Hempstead, NY 11552

Anne Marie Murray

Estate Planning, Employee Rights, Bankruptcy, Products Liability

Status: In Good Standing

CONTACT

926 Rxr Plaza, Uniondale, NY 11556

Avigael Cymrot Fyman

Estate Planning, Employee Rights, Bankruptcy, Products Liability

Status: In Good Standing Licensed: 19 Years

CONTACT

926 Rxr Plaza, Uniondale, NY 11556

Barbara Ann Goglio

Elder Law, Commercial Real Estate, Estate Planning

Status: In Good Standing Licensed: 37 Years

CONTACT

100 N Centre Ave, Rockville Centre, NY 11570

Bruce A. Bendix

Estate Planning, Employee Rights, Bankruptcy, Products Liability

Status: In Good Standing Licensed: 41 Years

CONTACT

926 Rxr Plaza, Uniondale, NY 11556

Carol A. Lastorino

Estate Planning, Employee Rights, Bankruptcy, Products Liability

Status: In Good Standing Licensed: 33 Years

CONTACT

926 Rxr Plaza, Uniondale, NY 11556

Chad F. Yegelwel

Estate, Real Estate, Tax, Estate Planning

Status: In Good Standing Licensed: 40 Years

CONTACT

100 N Centre Ave, Rockville Centre, NY 11570

Charles E. Lapp

Estate Planning, Wills & Probate, Residential Real Estate, Civil & Human Rights

Status: In Good Standing

CONTACT

100 Cedarhurst Ave, Cedarhurst, NY 11516

Christina Maria Panzarella

Motor Vehicle, Estate Planning, Estate, Divorce, Criminal

Status: In Good Standing

CONTACT

2893 Long Beach Rd, Oceanside, NY 11572

800-923-0641

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LEGAL TERMS

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

SWEARING MATCH

A case that turns on the word of one witness versus another. The outcome of a swearing match usually depends on whom the jury finds most trustworthy.

WARRANTY DEED

A seldom-used type of deed that contains express assurances about the legal validity of the title being transferred.

STATUTORY SHARE

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceas... (more...)

The portion of a deceased person's estate that a spouse is entitled to claim under state law. The statutory share is usually one-third or one-half of the deceased spouse's property, but in some states the exact amount of the spouse's share depends on whether or not the couple has young children and, in a few states, on how long the couple was married. In most states, if the deceased spouse left a will, the surviving spouse must choose either what the will provides or the statutory share. Sometimes the statutory share is known by its more arcane legal name, dower and curtesy, or as a forced or elective share.

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.

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

PUBLIC ADMINISTRATOR

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to t... (more...)

Someone appointed by a probate court to oversee probate proceedings when a person dies without a will or heirs, and his or her property is expected to pass to the state. Some states have public administrators who are responsible for temporarily preserving the assets of an estate if there are disputes about specific provisions in the will or about who will be appointed the regular administrator.

INTESTATE

The condition of dying without a valid will. The probate court appoints an administrator to distribute the deceased person's property according to 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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East Rockaway Estate Planning Lawyer, New York

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Alan C. Eagle

Alexander Simon

Anne Marie Murray

Avigael Cymrot Fyman

Barbara Ann Goglio

Bruce A. Bendix

Carol A. Lastorino

Chad F. Yegelwel

Charles E. Lapp

Christina Maria Panzarella

TIPS

LEGAL TERMS

ESTATE TAXES

TRUSTEE

SWEARING MATCH

WARRANTY DEED

STATUTORY SHARE

LAPSE

LIVING TRUST

PUBLIC ADMINISTRATOR

INTESTATE

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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