Deer Park 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
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James F. Misiano

Estate Planning, Personal Injury, Real Estate, Trusts

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FREE CONSULTATION

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510 Broadhollow Road, Melville, NY 11747

Jillian Gualtieri Holdsworth

Health Care, Estate, Civil & Human Rights, Wills, Trusts

Status: Licensed: 17 Years

CONTACT

1321 N Windsor Ave, Bay Shore, NY 11706

Matthew Jason Zeidel

Other, Trusts

Status: Licensed: 9 Years

CONTACT

105 Maxess Rd, Melville, NY 11747

Barton Paul Levine

Trusts, Estate, Elder Law, Civil & Human Rights

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CONTACT

445 Broadhollow Rd, Melville, NY 11747

Steven Andrew Kass

Health Care, Trusts, Employee Rights, Elder Law

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CONTACT

105 Maxess Rd, Melville, NY 11747

Brian Andrew Tully

Power of Attorney, Trusts, Estate, Elder Law, Civil & Human Rights

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CONTACT

532 Broadhollow Rd, Melville, NY 11747

Julianne Margaret Barlizo

Professional Responsibility, Commercial Real Estate, Trusts

Status: Licensed: 12 Years

CONTACT

175 Pinelawn Rd, Melville, NY 11747

Martin Harold Bodian

International Tax, Trusts, Elder Law, Corporate

Status: Licensed: 66 Years

CONTACT

425 Broadhollow Rd, Melville, NY 11747

Seth Harlan Schwartz

Health Care, Wills & Probate, Trusts, Estate

Status: Licensed: 20 Years

CONTACT

1004 N Ontario Ave, Lindenhurst, NY 11757

Bradley M. Zelenitz

Landlord-Tenant, Trusts, Contract, Bankruptcy

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CONTACT

330 Vanderbilt Motor Parkway, Hauppauge, NY 11788

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LEGAL TERMS

TRUST CORPUS

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, t... (more...)

Latin for 'the body' of the trust. This term refers to all the property transferred to a trust. For example, if a trust is established (funded) with $250,000, that money is the corpus. Sometimes the trust corpus is known as the 'res,' a Latin word meaning 'thing.'

INHERITANCE TAXES

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited prop... (more...)

Taxes some states impose on people or organizations who inherit property from a deceased person's estate. The taxes are based on the value of the inherited property.

IN TERROREM

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement... (more...)

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement. For example, a will might state that an heir will forfeit her inheritance if she challenges the validity of the will. Of course, if the will is challenged and found to be invalid, then the clause itself is also invalid and the heir takes whatever she would have inherited if there were no will.

PER STIRPES

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. F... (more...)

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property 'per stirpes,' Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation). If, on the other hand, Fred's will states that the property is to be divided per capita, Julie and the two grandchildren will each take a third.

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.

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.'

DEVISEE

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

CONTINGENT BENEFICIARY

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisf... (more...)

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisfied. For example, if Fred is entitled to take property under a will only if he's married at the time of the will maker's death, Fred is a contingent beneficiary. Similarly, if Ellen is named to receive a house only in the event her mother, who has been named to live in the house, moves out of it, Ellen is a contingent beneficiary.

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.

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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Deer Park Trusts Lawyer, New York

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

James F. Misiano

Jillian Gualtieri Holdsworth

Matthew Jason Zeidel

Barton Paul Levine

Steven Andrew Kass

Brian Andrew Tully

Julianne Margaret Barlizo

Martin Harold Bodian

Seth Harlan Schwartz

Bradley M. Zelenitz

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LEGAL TERMS

TRUST CORPUS

INHERITANCE TAXES

IN TERROREM

PER STIRPES

SPENDTHRIFT TRUST

PRETERMITTED HEIR

DEVISEE

CONTINGENT BENEFICIARY

BYPASS TRUST

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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