Afton 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

Francis William Wood

Commercial Real Estate, Estate Planning, Elder Law

Status: Licensed: 51 Years

CONTACT

Walton, NY 13856

Joshua Tyson Terrell

Power of Attorney, Traffic, Estate Planning, Personal Injury, Car Accident

Status: Licensed: 20 Years

CONTACT

60 Hawley St, Binghamton, NY 13902

Leonard Edward Sienko

Real Estate, Estate Planning, Defamation & Slander, Accident & Injury

Status:

CONTACT

12 E Main St, Hancock, NY 13783

Richard Nathan Matties

Commercial Real Estate, Real Estate, Estate Planning, Estate

Status:

CONTACT

611 Country Club Rd, Vestal, NY 13850

George B. Kozol

Commercial Real Estate, International Tax, Estate Planning, Elder Law

Status: Licensed: 47 Years

CONTACT

Binghamton, NY 13902

Ryan Peter Wagenleitner

Gift Taxation, Bankruptcy, Class Action, Antitrust

Status: Licensed: 16 Years

CONTACT

2300 Hemlock Ln, Vestal, NY 13850

Richard A. Harlem

Real Estate, Estate, Estate Planning

Status: Licensed: 42 Years

CONTACT

493 Chestnut Street, Suite 2, Oneonta, NY 13820

Robert Charles Knight

Landlord-Tenant, Landlord-Tenant, Commercial Real Estate, Elder Law, Estate Planning

Status:

CONTACT

19 Villa Circle, Endicott, NY 13760

Michael Howard Zuckerman

Estate Planning, Estate, Business

Status:

CONTACT

450 Plaza Dr, Vestal, NY 13850

Heather Marie Cornell

Commercial Real Estate, Estate Planning, Divorce & Family Law, Civil & Human Rights

Status:

CONTACT

450 Plaza Dr, Vestal, NY 13850

800-923-0641

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LEGAL TERMS

SUCCESSION

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which d... (more...)

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which determine who inherits property when someone dies without a valid will. When used in connection with real estate, the word refers to the passing of property by will or inheritance, as opposed to gift, grant, or purchase.

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.

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.

PUBLISHED WORK

An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public o... (more...)

An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public on an unrestricted basis. It is thus possible to display a work, or distribute it with restrictions on disclosure of its contents, without actually 'publishing' it. Both published and unpublished works are entitled to copyright protection, but some of the rules differ.

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to o... (more...)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to or taken from a worker provides some protection for workers in the event certain types of pension plans cannot pay the benefits to which workers are entitled, and requires that employers provide full and clear information about employees' pension rights, including the way pension benefits accumulate, how the company invests pension funds, and when and how pension benefits can be collected.

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

FAILURE OF ISSUE

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

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.

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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Afton Estate Planning Lawyer, New York

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Francis William Wood

Joshua Tyson Terrell

Leonard Edward Sienko

Richard Nathan Matties

George B. Kozol

Ryan Peter Wagenleitner

Richard A. Harlem

Robert Charles Knight

Michael Howard Zuckerman

Heather Marie Cornell

TIPS

LEGAL TERMS

SUCCESSION

QDOT TRUST

GENERATION-SKIPPING TRUST

PUBLISHED WORK

SUCCESSOR TRUSTEE

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

RESIDUARY ESTATE

FAILURE OF ISSUE

POUR-OVER WILL

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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PRACTICE AREAS 30

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