Westerlo 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
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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
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

Aaron Edward Connor

Litigation, Lawsuit & Dispute, Trusts, Estate, Elder Law

Status: In Good Standing

CONTACT

43 British American Blvd, Latham, NY 12110

Carrianna Charmaigne Eurillo-Travinski

Estate, Real Estate, Trusts, Guardianships & Conservatorships

Status: In Good Standing Licensed: 23 Years

CONTACT

22 First St, Troy, NY 12181

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

Eileen Margaret Groark

Government Contract, Trusts, Natural Resources, Employee Rights, Banking & Finance

Status: In Good Standing Licensed: 30 Years

CONTACT

54 State St, Albany, NY 12207

Francis G. Hoare

Commercial Real Estate, Elder Law, Trusts, Military

Status: In Good Standing Licensed: 39 Years

CONTACT

99 Pine St, Albany, NY 12207

Frank Edward Hemming

Trusts, Elder Law

Status: In Good Standing Licensed: 11 Years

CONTACT

43 British American Blvd, Latham, NY 12110

Garrison Powers Ramsdell

Real Estate, Trusts, Corporate

Status: In Good Standing Licensed: 9 Years

CONTACT

1 Columbia Cir, Albany, NY 12203

Geoffrey Alexander Rafalik

Medicare & Medicaid, Trusts, Estate Planning, Corporate

Status: In Good Standing Licensed: 8 Years

CONTACT

20 Corporate Woods Blvd, Albany, NY 12211

Graig Frank Zappia

Landlord-Tenant, Traffic, Trusts, Employee Rights

Status: In Good Standing

CONTACT

54 State St, Albany, NY 12207

800-923-0641

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LEGAL TERMS

PROVING A WILL

Convincing a probate court that a document is truly the deceased person's will. Usually this is a simple formality that the executor or administrator easily sat... (more...)

Convincing a probate court that a document is truly the deceased person's will. Usually this is a simple formality that the executor or administrator easily satisfies by showing that the will was signed and dated by the deceased person in front of two or more witnesses. When the will is holographic -- that is, completely handwritten by the deceased and not witnessed, it is still valid in many states if the executor can produce relatives and friends to testify that the handwriting is that of the deceased.

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

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.

DISINHERIT

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit prope... (more...)

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit property -- a close family member, for example -- should not receive it. In most states, you cannot completely disinherit your spouse; a surviving spouse has the right to claim a portion (usually one-third to one-half) of the deceased spouse's estate. With a few exceptions, however, you can expressly disinherit children.

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.

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.

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.

GENERATION-SKIPPING TRUST

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income fro... (more...)

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income from the trust. Because the children (the middle generation) never legally own the property, it isn't subject to estate tax at their death. See generation-skipping transfer tax.

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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Westerlo Trusts Lawyer, New York

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Theresa Marinello Ries

Aaron Edward Connor

Carrianna Charmaigne Eurillo-Travinski

Charles B. Ries

Eileen Margaret Groark

Francis G. Hoare

Frank Edward Hemming

Garrison Powers Ramsdell

Geoffrey Alexander Rafalik

Graig Frank Zappia

TIPS

LEGAL TERMS

PROVING A WILL

INVENTORY

TRUST CORPUS

LAPSE

DISINHERIT

STATUTORY SHARE

INTESTATE

FINAL BENEFICIARY

GENERATION-SKIPPING TRUST

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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