Cutchogue 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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Mary Lou Folts

Real Estate, Estate

Status: In Good Standing Licensed: 31 Years

CONTACT

Cutchogue, NY 11935

Dunewood D. Truglia

Estate, Environmental Law, Divorce & Family Law

Status: In Good Standing Licensed: 48 Years

CONTACT

2 Short Rd, Cutchogue, NY 11935

William C. Goggins

Real Estate, Estate, Criminal, Business

Status: In Good Standing Licensed: 35 Years

CONTACT

13235 Main Rd, Mattituck, NY 11952

Susan Orioli

Real Estate, International, Estate

Status: In Good Standing Licensed: 29 Years

CONTACT

13105 Main Rd, Mattituck, NY 11952

Abigail Ann Wickham

Real Estate, Industry Specialties, Estate, Civil & Human Rights

Status: In Good Standing

CONTACT

13015 Main Rd, Mattituck, NY 11952

Anthony Howard Palumbo

Lawsuit & Dispute, Estate, Criminal, Wrongful Death, Accident & Injury

Status: In Good Standing Licensed: 26 Years

CONTACT

1220 Washington Ave., Mattituck, NY 11952

Francis William Deegan

Health Care, Estate, Divorce, Business

Status: In Good Standing Licensed: 60 Years

CONTACT

500 North Dr, Mattituck, NY 11952

Patricia C. Moore

Real Estate, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 39 Years

CONTACT

51020 Main Rd, Southold, NY 11971

Victor J. Zupa

Foreclosure, Intellectual Property, Government, Trusts

Status: In Good Standing Licensed: 53 Years

CONTACT

580 Basin Rd, Southold, NY 11971

Jennifer B. Gould

Health Care, Estate, Civil & Human Rights, Business

Status: In Good Standing Licensed: 31 Years

CONTACT

Southold, NY 11971

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LEGAL TERMS

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.

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

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.

NET ESTATE

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

DEVISEE

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

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.

PRETERMITTED HEIR

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child b... (more...)

A child or spouse who is not mentioned in a will and whom the court believes was accidentally overlooked by the person who made the will. For example, a child born or adopted after the will is made may be deemed a pretermitted heir. If the court determines that an heir was accidentally omitted, that heir is entitled to receive the same share of the estate as she would have if the deceased had died without a will. A pretermitted heir is sometimes called an 'omitted heir.'

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.

QDOT TRUST

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spo... (more...)

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spouse. QDOT stands for qualified domestic trust.

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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Cutchogue Estate Lawyer, New York

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Mary Lou Folts

Dunewood D. Truglia

William C. Goggins

Susan Orioli

Abigail Ann Wickham

Anthony Howard Palumbo

Francis William Deegan

Patricia C. Moore

Victor J. Zupa

Jennifer B. Gould

TIPS

LEGAL TERMS

GENERATION-SKIPPING TRUST

ENDOWMENT INSURANCE

PROPERTY CONTROL TRUST

NET ESTATE

DEVISEE

GENERATION-SKIPPING TRANSFER TAX

PRETERMITTED HEIR

TRUST MERGER

QDOT TRUST

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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