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Robert Klipstein
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Ballon Stoll PC
810 7th Ave Suite 405 New York, NY 10019» view map
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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
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Arthur E. Olmstead

Elder Law, Wills & Probate, Trusts, Wills

Status: In Good Standing

CONTACT

14 Mamaroneck Avenue, White Plains, NY 10601

Adonia David

Litigation, Wills & Probate, Business, Trusts

Status: In Good Standing

CONTACT

235 Main Street, White Plains, NY 10601

Alexander Nicolas Russo

Commercial Real Estate, Wills, Trusts

Status: In Good Standing

CONTACT

50 E Hartsdale Ave, Hartsdale, NY 10530

Annmarie Conta

Trusts, Estate Planning, Elder Law

Status: In Good Standing Licensed: 29 Years

CONTACT

6 Darwood Pl, Hartsdale, NY 10530

Brendan Howard Buschman

Residential Real Estate, Trusts, Divorce, Child Support

Status: In Good Standing Licensed: 9 Years

CONTACT

399 Knollwood Rd No. 220, White Plains, NY 10603

Christine Anne Champey

Health Care, Trusts, Employment, Identity Theft

Status: In Good Standing Licensed: 18 Years

CONTACT

84 Business Park Dr, Armonk, NY 10504

Christopher Frederick Miehl

Trusts

Status: In Good Standing Licensed: 18 Years

CONTACT

1133 Westchester Ave, West Harrison, NY 10604

Christopher Coyne Palermo

Litigation, Immigration, Trusts, Estate, Family Law

Status: In Good Standing

CONTACT

1 N Lexington Ave, White Plains, NY 10601

Daniel Patrick Buckley

Trusts

Status: In Good Standing Licensed: 12 Years

CONTACT

One North Lexington Avenue, White Plains, NY 10601

David Y. Choi

International Tax, Trusts, Estate, Business Organization

Status: In Good Standing Licensed: 25 Years

CONTACT

1 N Broadway, White Plains, NY 10601

800-923-0641

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LEGAL TERMS

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.

SUMMARY PROBATE

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are ... (more...)

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are complicated, but a few examples include estates worth up to $100,000 in California; New York estates where property, excluding real estate and amounts that must be set aside for surviving family members, is worth $20,000 or less; and Texas estates where the value of property doesn't exceed what is needed to pay a family allowance and certain creditors.

GRANTOR

Someone who creates a trust. Also called a trustor or settlor.

SELF-PROVING WILL

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-prov... (more...)

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-proving when two witnesses sign under penalty of perjury that they observed the willmaker sign it and that he told them it was his will. If no one contests the validity of the will, the probate court will accept the will without hearing the testimony of the witnesses or other evidence. To make a self-proving will in other states, the willmaker and one or more witnesses must sign an affidavit (sworn statement) before a notary public certifying that the will is genuine and that all willmaking formalities have been observed.

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.

FAILURE OF ISSUE

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

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB 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.

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

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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Valhalla Trusts Lawyer, New York

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Arthur E. Olmstead

Adonia David

Alexander Nicolas Russo

Annmarie Conta

Brendan Howard Buschman

Christine Anne Champey

Christopher Frederick Miehl

Christopher Coyne Palermo

Daniel Patrick Buckley

David Y. Choi

TIPS

LEGAL TERMS

BYPASS TRUST

SUMMARY PROBATE

GRANTOR

SELF-PROVING WILL

FINAL BENEFICIARY

FAILURE OF ISSUE

LIFE BENEFICIARY

LAPSE

ADMINISTRATION (OF AN ESTATE)

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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