Albany Estate Lawyer, New York, page 5

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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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Stephen M. Geskey

Other, Estate Planning, Labor Law, Elder Law

Status: In Good Standing Licensed: 29 Years

CONTACT

State Campus Building 12, Albany, NY 12240

Amy Jean Maggs

Estate

Status: In Good Standing Licensed: 22 Years

CONTACT

New York State Capitol, Albany, NY 12248

Oksana Vinchislavovna Golovina

Public Finance, Gift Taxation

Status: In Good Standing Licensed: 10 Years

CONTACT

15 Elk St, Albany, NY 12207

Kevin Francis Mcgarry

Commercial Real Estate, Estate Planning, Divorce, Contract, Personal Injury

Status: In Good Standing

CONTACT

6 Empire State Plaza, Albany, NY 12228

William J. Conboy

Other, Real Estate, Estate

Status: In Good Standing Licensed: 49 Years

CONTACT

Empire State Plaza, Albany, NY 12242

Matthew David Wagoner

Business, Contract, Corporate, Estate, Estate Planning

Status: In Good Standing

CONTACT

150 State Street Suite 504, Albany, NY 12207

Stacy L. Pettit

Real Estate, International, Estate, Civil & Human Rights

Status: In Good Standing Licensed: 40 Years

CONTACT

16 Eagle St, Albany, NY 12207

Donald David Deangelis

Real Estate, Estate, Civil & Human Rights

Status: In Good Standing

CONTACT

121 State St, Albany, NY 12207

Donald D. Deangelis

Real Estate, Estate, Civil & Human Rights

Status: In Good Standing Licensed: 64 Years

CONTACT

121 State St, Albany, NY 12207

Jennie L Shufelt

Lawsuit & Dispute, Government, Estate, Employment

Status: In Good Standing Licensed: 14 Years

CONTACT

121 State St, Albany, NY 12207

800-923-0641

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LEGAL TERMS

FUNDING A TRUST

Transferring ownership of property to a trust.

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.

TRUST MERGER

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.

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.

PROPERTY CONTROL TRUST

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who ha... (more...)

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who have special physical, emotional or other requirements, (2) spendthrift trusts designed to prevent a beneficiary from wasting the trust principal; and (3) sprinkling trusts that allow the trustee to decide how to distribute trust income or principal among the beneficiaries.

INTESTATE SUCCESSION

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest s... (more...)

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest surviving relatives. In most states, the surviving spouse, children, parents, siblings, nieces and nephews, and next of kin inherit, in that order.

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.

DEVISEE

A person or entity who inherits real estate under the terms of a will.

SAMPLE LEGAL CASES

Step-Murphy, LLC v. B&B Brothers Real Estate Corp.

In 1986 Markatos Realtors, Inc. (hereinafter Markatos), Rutger's immediate predecessor in interest, along with Brookside Park Properties, Inc., the defendant's predecessor in interest, executed a written indenture providing, among other things, for mutual easements designating 12 ...

Colasacco v. Robert E. Lawrence Real Estate

In October 2002 the defendant Christopher DiCorato, a real estate agent employed by the defendant Robert E. Lawrence Real Estate (hereinafter Lawrence, and hereinafter together the defendants), met with the plaintiffs and showed them a parcel of vacant property that was ...

Kerusa Co. LLC v. W10Z/515 Real Estate Ltd. Partnership

In any event, plaintiff fails, as a matter of law, to demonstrate any injury for which it is entitled to hold defendant sponsors liable. Although the purchase agreement obligated defendant sponsors to provide plaintiff with a building and unit constructed "in a good and workman-like ...

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Albany Estate Lawyer, New York, page 5

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Stephen M. Geskey

Amy Jean Maggs

Oksana Vinchislavovna Golovina

Kevin Francis Mcgarry

William J. Conboy

Matthew David Wagoner

Stacy L. Pettit

Donald David Deangelis

Donald D. Deangelis

Jennie L Shufelt

TIPS

LEGAL TERMS

FUNDING A TRUST

AUGMENTED ESTATE

TRUST MERGER

RESIDUARY ESTATE

PROPERTY CONTROL TRUST

INTESTATE SUCCESSION

INTESTATE

FINAL BENEFICIARY

DEVISEE

SAMPLE LEGAL CASES

Step-Murphy, LLC v. B&B Brothers Real Estate Corp.

Colasacco v. Robert E. Lawrence Real Estate

Kerusa Co. LLC v. W10Z/515 Real Estate Ltd. Partnership

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