Schenectady Trusts 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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Theresa Marinello Ries

Real Estate, Trusts, Estate Planning, Elder Law

Status: In Good Standing

CONTACT

930 Albany Shaker Road, Latham, NY 12110

Alfred Lewis Goldberger

Real Estate, Health Care, Wills & Probate, Trusts

Status: In Good Standing Licensed: 67 Years

CONTACT

224 State St, Schenectady, NY 12305

Richard M. Antokol

Real Estate, Trusts, Elder Law, Contract

Status: In Good Standing Licensed: 49 Years

CONTACT

514 State St, Schenectady, NY 12305

Marc Ellis Cohen

Immigration, Trusts, Estate, Child Custody

Status: In Good Standing Licensed: 37 Years

CONTACT

9 Northview Dr, Latham, NY 12110

Julieann Calareso

Elder Law, Wills & Probate, Trusts, Estate Planning

Status: In Good Standing

CONTACT

255 Washington Ave, Albany, NY 12205

Joseph B. Carr

Corporate, Commercial Real Estate, Trusts

Status: Deceased Licensed: 49 Years

CONTACT

11 British American Boulevard, Latham, NY 12110

Michael William Schafer

Commercial Real Estate, Wills, Trusts, Estate Planning

Status: In Good Standing Licensed: 35 Years

CONTACT

3 Corporate Dr, Clifton Park, NY 12065

Gilbert L. Carey

Tax Litigation, Tax, Trusts, Business & Trade

Status: In Good Standing

CONTACT

139 Meyer Road, Clifton Park, NY 12065

Jeffrey Gerard Sullivan

Real Estate, Trusts, Landlord-Tenant

Status: In Good Standing Licensed: 35 Years

CONTACT

4 Executive Park Dr, Albany, NY 12203

Charles B. Ries

Real Estate, Wills & Probate, Trusts, Estate Planning

Status: In Good Standing Licensed: 60 Years

CONTACT

930 Albany Shaker Rd, Latham, NY 12110

800-923-0641

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LEGAL TERMS

BEQUEATH

A legal term sometimes used in wills that means 'leave' -- for example, 'I bequeath my garden tools to my brother-in-law, Buster Jenkins.'

BENEFICIARY

A person or organization legally entitled to receive benefits through a legal device, such as a will, trust or life insurance policy.

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.

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.

BANKRUPTCY ESTATE

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankrup... (more...)

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankruptcy estate for the duration of your case.

FAILURE OF ISSUE

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

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

INHERITANCE TAXES

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited prop... (more...)

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited property.

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

SAMPLE LEGAL CASES

Tzolis v. Wolff

... Chancellor Walworth applied to a joint stock corporation â€” then a fairly new kind of entity â€” a familiar principle of the law of trusts: that a beneficiary (or "cestui que trust") could bring suit on behalf of a trust when a faithless trustee refused to do so. ...

IN THE MATTER OF DE SANCHEZ

... In 1927, two years before the Great Depression, Elizabeth Laurent de Sanchez, whose family owned a sugar plantation in Cuba, set up seven inter vivos trusts for the benefit of her six childrenâ€”Emilio (two trusts in his name), Jorge, Julio, Marcelo, Maria and Gabriela. ...

Matter of Mergenhagen

... as appealed from is unanimously reversed on the law without costs, 1487 the petitions are granted in part, the termination of trust dated October 10, 1994 is vacated, respondent David M. Mergenhagen is removed as trustee from the 1991 and 1994 irrevocable trusts, he is ...

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Schenectady Trusts Lawyer, New York

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Theresa Marinello Ries

Alfred Lewis Goldberger

Richard M. Antokol

Marc Ellis Cohen

Julieann Calareso

Joseph B. Carr

Michael William Schafer

Gilbert L. Carey

Jeffrey Gerard Sullivan

Charles B. Ries

TIPS

LEGAL TERMS

BEQUEATH

BENEFICIARY

FINAL BENEFICIARY

BYPASS TRUST

BANKRUPTCY ESTATE

FAILURE OF ISSUE

PROBATE

INHERITANCE TAXES

AUGMENTED ESTATE

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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