Circleville Estate Lawyer, New York, page 2

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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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Albert P. Pacione

Real Estate Other, Traffic, Lawsuit, Estate Planning

Status: In Good Standing Licensed: 50 Years

CONTACT

33 Pinto Rd W, Middletown, NY 10941

Alexander J. Smith

Wills & Probate, Criminal

Status: In Good Standing Licensed: 47 Years

CONTACT

6 North St, Middletown, NY 10940

Arthur Shapiro

Estate, Civil & Human Rights, Business

Status: In Good Standing Licensed: 67 Years

CONTACT

10 Matthews St, Goshen, NY 10924

Bonnie Kraham

Real Estate, Estate, Civil & Human Rights, Business

Status: In Good Standing

CONTACT

75 Crystal Run Rd, Middletown, NY 10941

Bonnie Susan Kraham

Real Estate, Estate, Civil & Human Rights, Business

Status: In Good Standing Licensed: 29 Years

CONTACT

75 Crystal Run Rd, Middletown, NY 10941

Brett Allen Broge

Litigation, Wills, Trusts, Estate Planning

Status: In Good Standing Licensed: 22 Years

CONTACT

60 Erie St, Goshen, NY 10924

Bruce S. Schaeffer

Estate, Business

Status: In Good Standing Licensed: 49 Years

CONTACT

529 Mountain Rd, Bloomingburg, NY 12721

Carol C. Pierce

Estate, Civil & Human Rights, Business

Status: In Good Standing Licensed: 26 Years

CONTACT

255-275 Main Street, Goshen, NY 10924

Charles A Judelson

Corporate, Business Organization, Elder Law, Estate Planning

Status: In Good Standing

CONTACT

10 Matthews St, Goshen, NY 10924

Charles A. Judelson

Real Estate, Trusts, Wills & Probate

Status: In Good Standing Licensed: 57 Years

CONTACT

10 Matthews St, Goshen, NY 10924

800-923-0641

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LEGAL TERMS

NET ESTATE

The value of all property owned at death less liabilities or debts.

FAMILY ALLOWANCE

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to ... (more...)

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to help support the surviving spouse and children during the time it takes to probate the estate. The amount is determined by state law and varies greatly from state to state.

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

SURROGATE COURT

See probate court.

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.

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.

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

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.

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.

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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Circleville Estate Lawyer, New York, page 2

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Albert P. Pacione

Alexander J. Smith

Arthur Shapiro

Bonnie Kraham

Bonnie Susan Kraham

Brett Allen Broge

Bruce S. Schaeffer

Carol C. Pierce

Charles A Judelson

Charles A. Judelson

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LEGAL TERMS

NET ESTATE

FAMILY ALLOWANCE

TRUSTEE

SURROGATE COURT

GENERATION-SKIPPING TRUST

INTESTATE

HEIR AT LAW

RESIDUARY BENEFICIARY

GENERATION-SKIPPING TRANSFER TAX

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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