Burlington Flats Estate 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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Catherine M Hannan

Estate, Divorce & Family Law, Criminal

Status: Licensed: 29 Years

CONTACT

189 Main St, Oneonta, NY 13820

Charles H Knull

Intellectual Property, Federal, Trusts, Criminal

Status:

CONTACT

25 Railroad Avenue, Cooperstown, NY 13326

David James Clinton

Real Estate, International, Estate, Divorce & Family Law

Status:

CONTACT

Cooperstown, NY 13326

David Scott Merzig

Real Estate, Government, Estate, Business

Status: Licensed: 47 Years

CONTACT

8-12 Dietz St, Oneonta, NY 13820

Donald J. Snyder

Government, Estate, Business

Status: Licensed: 59 Years

CONTACT

379 W Main St, West Winfield, NY 13491

Elizabeth Ann Kenny

Estate Planning, Divorce & Family Law, Elder Law, Mass Torts

Status: Licensed: 21 Years

CONTACT

146 Stafford Ave, Waterville, NY 13480

Ellen Leary Coccoma

Real Estate, Banking & Finance, Elder Law, Litigation, Estate

Status:

CONTACT

1 Ford Ave, Oneonta, NY 13820

G Kevin Ludlow

Real Estate, Other, Estate, Bankruptcy & Debt

Status: Licensed: 41 Years

CONTACT

Sauquoit, NY 13456

George R. Silvernell

Real Estate, Government, Estate

Status: Licensed: 67 Years

CONTACT

21 Walnut St, Oneonta, NY 13820

Harris John Samuels

Real Estate, Estate, Divorce & Family Law

Status: Licensed: 49 Years

CONTACT

Sauquoit, NY 13456

800-923-0641

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LEGAL TERMS

FAMILY POT TRUST

See pot trust.

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

CERTIFICATION OF TRUST

See abstract of trust.

ABATEMENT

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other exp... (more...)

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other expenses. Gifts left in the will are cut back in order to pay taxes, satisfy debts or take care of other gifts that are given priority under law or by the will itself.

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.

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.

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.

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.

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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Burlington Flats Estate Lawyer, New York

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Catherine M Hannan

Charles H Knull

David James Clinton

David Scott Merzig

Donald J. Snyder

Elizabeth Ann Kenny

Ellen Leary Coccoma

G Kevin Ludlow

George R. Silvernell

Harris John Samuels

TIPS

LEGAL TERMS

FAMILY POT TRUST

GRANTOR RETAINED INCOME TRUST

PROBATE

CERTIFICATION OF TRUST

ABATEMENT

LAPSE

BYPASS TRUST

FINAL BENEFICIARY

RESIDUARY BENEFICIARY

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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