East Greenbush Estate Lawyer, New York, page 4

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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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Susan A. Nixon

Education, Wills & Probate, Child Custody, Business Organization

Status: In Good Standing

CONTACT

677 Broadway, Albany, NY 12207

Adam Jonathan Schultz

Real Estate, Litigation, Estate, Employment

Status: In Good Standing

CONTACT

540 Broadway, Albany, NY 12201

Joel M. Howard

Lawsuit & Dispute, Wills & Probate, Child Support, Criminal

Status: In Good Standing

CONTACT

540 Broadway, Albany, NY 12207

Carin Elizabeth Spreitzer

Real Estate, Lawsuit & Dispute, Government, Estate

Status: In Good Standing Licensed: 20 Years

CONTACT

625 Broadway, Albany, NY 12233

Paul B Sherr

Real Estate, Trusts, Wills & Probate

Status: In Good Standing

CONTACT

P.O. Box 437, Nassau, NY 12123

David Scott Fenichel

International, Estate, Business

Status: In Good Standing Licensed: 11 Years

CONTACT

515 Broadway, Albany, NY 12207

Malcolm Alexander Mcpherson

Litigation, Commercial Real Estate, Wills

Status: In Good Standing

CONTACT

17 Old Route 66, Averill Park, NY 12018

Harry Post Meislahn

Estate, Business

Status: In Good Standing

CONTACT

677 Broadway, Albany, NY 12207

Keri Lynn Vanderwarker

Estate, Employment, Civil & Human Rights

Status: In Good Standing

CONTACT

677 Broadway, Albany, NY 12207

Louis Dempf

Other, Real Estate, Government, Estate

Status: In Good Standing Licensed: 70 Years

CONTACT

515 Broadway, Albany, NY 12207

800-923-0641

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LEGAL TERMS

NET ESTATE

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

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

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.'

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.

CREDIT SHELTER TRUST

See AB trust.

HEIR APPARENT

One who expects to be receive property from the estate of a family member, as long as she outlives that person.

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

EXEMPTION TRUST

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth m... (more...)

A bypass trust funded with an amount no larger than the personal federal estate tax exemption in the year of death. If the trust grantor leaves property worth more than that amount, it usually goes to the surviving spouse. The trust property passes free from estate tax because of the personal exemption, and the rest is shielded from tax under the surviving spouse's marital deduction.

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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East Greenbush Estate Lawyer, New York, page 4

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Susan A. Nixon

Adam Jonathan Schultz

Joel M. Howard

Carin Elizabeth Spreitzer

Paul B Sherr

David Scott Fenichel

Malcolm Alexander Mcpherson

Harry Post Meislahn

Keri Lynn Vanderwarker

Louis Dempf

TIPS

LEGAL TERMS

NET ESTATE

ADMINISTRATION (OF AN ESTATE)

SPENDTHRIFT TRUST

PRETERMITTED HEIR

RESIDUARY BENEFICIARY

CREDIT SHELTER TRUST

HEIR APPARENT

GROSS ESTATE

EXEMPTION 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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