Ardsley Trusts Lawyer, New York

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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
3. Practice AreasExpertise
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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

Silvia M. Metrena

Real Estate, Wills, Contract, Trusts

Status: In Good Standing

CONTACT

20 South Broadway, Ste 902, Yonkers, NY 10701

Debra A. Arena

Real Estate, Wills, Trusts, Estate

Status: In Good Standing

CONTACT

111 Kraft Avenue, Bronxville, NY 10708

Maria C. Cavallo

Commercial Real Estate, Trusts

Status: In Good Standing Licensed: 35 Years

CONTACT

51 Pondfield Rd, Bronxville, NY 10708

Suzanne M. Bloomer

Commercial Real Estate, Wills, Trusts, Bankruptcy & Debt

Status: In Good Standing Licensed: 39 Years

CONTACT

85 Pondfield Rd2, Bronxville, NY 10708

Norman Nadel

General Practice

Status: In Good Standing Licensed: 69 Years

CONTACT

8 Beechwood Rd, Hartsdale, NY 10530

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

Arnold H. Nager

General Practice

Status: In Good Standing Licensed: 61 Years

CONTACT

79 Cliff St, Hastings On Hudson, NY 10706

Jan Hayward Raymond

Tax, Real Estate Other, Traffic, Trusts

Status: In Good Standing Licensed: 43 Years

CONTACT

917 Route 9W S, Nyack, NY 10960

800-923-0641

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LEGAL TERMS

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

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.

FAMILY POT TRUST

See pot trust.

HEIR APPARENT

One who expects to be receive property from the estate of a family member, as long as she outlives that person.

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

SUCCESSOR TRUSTEE

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

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.

FAILURE OF ISSUE

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

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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Ardsley Trusts Lawyer, New York

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Arthur E. Olmstead

Silvia M. Metrena

Debra A. Arena

Maria C. Cavallo

Suzanne M. Bloomer

Norman Nadel

Alexander Nicolas Russo

Annmarie Conta

Arnold H. Nager

Jan Hayward Raymond

TIPS

LEGAL TERMS

RESIDUARY BENEFICIARY

PUBLISHED WORK

FAMILY POT TRUST

HEIR APPARENT

ALTERNATE BENEFICIARY

AB TRUST

SUCCESSOR TRUSTEE

SPENDTHRIFT TRUST

FAILURE OF ISSUE

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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