Croton 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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Penelope W. Morgan

Visa, Trusts, DUI-DWI, Bankruptcy

Status: In Good Standing Licensed: 48 Years

CONTACT

75 S Highland Ave, Ossining, NY 10562

Irwin J Kavy

Power of Attorney, Wills & Probate, Trusts, Estate

Status: In Good Standing Licensed: 43 Years

CONTACT

573 N State Rd, Briarcliff Manor, NY 10510

Richard Joel Miller

Litigation, International Tax, Trusts

Status: In Good Standing Licensed: 64 Years

CONTACT

Millwood, NY 10546

James R. Hall

General Practice

Status: In Good Standing Licensed: 54 Years

CONTACT

5003 Manor Dr, Peekskill, NY 10566

Randal Dennis Pratt

Admiralty & Maritime, Trusts, Elder Law, Business

Status: In Good Standing Licensed: 44 Years

CONTACT

1335 Whitehill Rd, Yorktown Heights, NY 10598

Hilary Suzanne Steuer

Trusts, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 21 Years

CONTACT

45 Ridgewood Ter, Chappaqua, NY 10514

Brian F. Wasser

Tax, Estate Planning, Trusts, Estate, Wills & Probate

Status: In Good Standing Licensed: 42 Years

CONTACT

7 Wilton Cir, New City, NY 10956

R. Spencer Lauterbach

Corporate, Workout, Household Mold, Trusts

Status: In Good Standing

CONTACT

151 North Main Street, New City, NY 10956

Marie Ann Corliss

Trusts, Estate, Elder Law, Defamation & Slander

Status: In Good Standing Licensed: 39 Years

CONTACT

26 Pumphouse Road, Cortlandt Manor, NY 10567

William F. Banks

Wills & Probate, Trusts, Wills, Private Schools

Status: In Good Standing Licensed: 73 Years

CONTACT

61 Smith Ave, Mount Kisco, NY 10549

800-923-0641

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LEGAL TERMS

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

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.

ABSTRACT OF TRUST

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract... (more...)

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract of trust to a financial organization or other institution to prove that you have established a valid living trust, without revealing specifics that you want to keep private. In some states, this document is called a 'certification of trust.'

DISTRIBUTEE

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (ca... (more...)

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (called intestate), state law determines what each distributee will receive. Also called a beneficiary.

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.

DISINHERIT

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit prope... (more...)

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit property -- a close family member, for example -- should not receive it. In most states, you cannot completely disinherit your spouse; a surviving spouse has the right to claim a portion (usually one-third to one-half) of the deceased spouse's estate. With a few exceptions, however, you can expressly disinherit children.

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.

WARRANTY DEED

A seldom-used type of deed that contains express assurances about the legal validity of the title being transferred.

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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Croton Trusts Lawyer, New York

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Penelope W. Morgan

Irwin J Kavy

Richard Joel Miller

James R. Hall

Randal Dennis Pratt

Hilary Suzanne Steuer

Brian F. Wasser

R. Spencer Lauterbach

Marie Ann Corliss

William F. Banks

TIPS

LEGAL TERMS

TESTAMENTARY TRUST

ALTERNATE BENEFICIARY

AB TRUST

ABSTRACT OF TRUST

DISTRIBUTEE

INTESTATE SUCCESSION

DISINHERIT

LAPSE

WARRANTY DEED

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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