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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: Estate Administration, Living Wills, Wills

Robert J. White

Wills & Probate, Criminal, Personal Injury, Accident & Injury

Status: Retired

FREE CONSULTATION

CONTACT

Cornwallville, NY 12418

David Van Benschoten

Elder Law, Estate Planning, Health Care, Wills & Probate

Status: In Good Standing

FREE CONSULTATION

CONTACT

34 West Bridge Street, Saugerties, NY 12477

Carmi Rapport

Wills & Probate, Corporate, Business Organization, Banking & Finance

Status: In Good Standing

CONTACT

436 Union Street, Hudson, NY 12534

Ralph Coe Lewis

Real Estate, Dispute Resolution, Wills & Probate, Employment Discrimination, Workers' Compensation

Status: In Good Standing Licensed: 51 Years

CONTACT

Catskill, NY 12414

Veronica Maxine Kosich

Wills & Probate, Estate Planning, Divorce & Family Law, Criminal

Status: In Good Standing Licensed: 26 Years

CONTACT

24 Hamburg Rd, Catskill, NY 12414

William Joseph Petzel

Wills & Probate, Estate

Status: Inactive Licensed: 49 Years

CONTACT

20 Pleasant View Rd, Saugerties, NY 12477

Lanny Earl Walter

Real Estate Other, Wills & Probate, Bankruptcy

Status: In Good Standing Licensed: 54 Years

CONTACT

301 Van Vlierden Rd, Saugerties, NY 12477

Ira Halfond

Traffic, Wills & Probate, Employment, Child Custody

Status: In Good Standing Licensed: 41 Years

CONTACT

4 E Court St, Hudson, NY 12534

Jeffrey Philip Siegel

Real Estate Other, Landlord-Tenant, Wills & Probate, Divorce

Status: In Good Standing Licensed: 32 Years

CONTACT

Woodstock, NY 12498

Patricia-Anne Michitsch

Education, Foreclosure, Traffic, Wills & Probate

Status: In Good Standing Licensed: 23 Years

CONTACT

211 Simmons Ct, Woodstock, NY 12498

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LEGAL TERMS

SPENDTHRIFT TRUST

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.

SURROGATE COURT

See probate court.

GRANTOR

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

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.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

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.

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.'

ACCUMULATION TRUST

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust.

QDOT TRUST

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spo... (more...)

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spouse. QDOT stands for qualified domestic trust.

SAMPLE LEGAL CASES

Matter of Colverd

... Spain, J. 972 Decedent died in 2000. Thereafter, petitionerâ€”decedent's unmarried companion of nearly 30 yearsâ€”commenced this proceeding in Surrogate's Court, as named executor, seeking probate of decedent's will. Three ...

MTR OF AMERICAN COMM. v. Dunn

... This appeal requires us to determine the standard applicable to a petition to vacate a probate decree brought by a nonparty to an initial probate proceeding and based upon "newlydiscovered evidence," which allegedly demonstrates that a probated will was procured through ...

Matter of Paigo

... Decedent died in June 2006 and petitioner sought to probate the will. ... Petitioner then moved for summary judgment 838 seeking dismissal of the objections and admitting the will to probate. Concluding that issues of fact existed, Surrogate's Court denied the motion. ...

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Acra Wills & Probate Lawyer, New York

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Robert J. White

David Van Benschoten

Carmi Rapport

Ralph Coe Lewis

Veronica Maxine Kosich

William Joseph Petzel

Lanny Earl Walter

Ira Halfond

Jeffrey Philip Siegel

Patricia-Anne Michitsch

TIPS

LEGAL TERMS

SPENDTHRIFT TRUST

SURROGATE COURT

GRANTOR

BYPASS TRUST

GENERATION-SKIPPING TRANSFER TAX

ADMINISTRATION (OF AN ESTATE)

TRUST CORPUS

ACCUMULATION TRUST

QDOT TRUST

SAMPLE LEGAL CASES

Matter of Colverd

MTR OF AMERICAN COMM. v. Dunn

Matter of Paigo

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