Forest Hills Estate Lawyer, New York, page 5

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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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Judi L. Silverstein

Estate

Status: In Good Standing Licensed: 39 Years

CONTACT

35 Bow St, Forest Hills, NY 11375

Leslie Whitman Greene

Residential Real Estate, Immigration, Trusts, Divorce

Status: In Good Standing Licensed: 33 Years

CONTACT

11134 75Th Rd, Forest Hills, NY 11375

Daniel Fier

Commercial Real Estate, Wills, Estate, White Collar Crime

Status: In Good Standing Licensed: 11 Years

CONTACT

112-15 76Th Rd, Forest Hills, NY 11375

Manuel Leonardo Saintmartin

Health Care Other, Wills, Elder Law

Status: In Good Standing Licensed: 35 Years

CONTACT

11510 Queens Blvd, Forest Hills, NY 11375

Paul Joseph Gengo

Trusts, Estate, Business

Status: In Good Standing Licensed: 44 Years

CONTACT

295 Burns St, Forest Hills, NY 11375

Joel Eric Budnetz

Real Estate, Estate, Business

Status: In Good Standing Licensed: 54 Years

CONTACT

7714 113Th St, Forest Hills, NY 11375

Cynthia Alicea Dade

Real Estate, Estate, Civil & Human Rights

Status: In Good Standing Licensed: 44 Years

CONTACT

6730 Clyde Street, Forest Hills, NY 11375

Richard Cary Spivack

Real Estate, Motor Vehicle, Estate, Guardianships & Conservatorships, Criminal

Status: In Good Standing

CONTACT

11821 Queens Blvd, Forest Hills, NY 11375

Barbara Jean Berwitz

Estate, Divorce & Family Law

Status: In Good Standing Licensed: 46 Years

CONTACT

11821 Queens Blvd, Forest Hills, NY 11375

Joseph Thomas Welsh

Tax, Lawsuit & Dispute, International, Estate, Criminal

Status: In Good Standing Licensed: 14 Years

CONTACT

11821 Queens Blvd, Forest Hills, NY 11375

800-923-0641

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LEGAL TERMS

MARITAL LIFE ESTATE TRUST

See AB trust.

INCOMPETENCE

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at ... (more...)

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at which the person is present and/or represented by an attorney. A finding of incompetence may lead to the appointment of a conservator to manage the person's affairs. Also known as 'incompetency.'

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.

OFFICER

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operation... (more...)

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operations of the organization. Officers generally hold titles such as President or Treasurer. Many states and most corporate bylaws or LLC operating agreements require a corporation or LLC to have a president, secretary and treasurer. Election of a vice president may be required by state law.

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

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.

QTIP TRUST

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the... (more...)

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.

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.

PROBATE COURT

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate cour... (more...)

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate court' in New York and several other states, this court normally examines the authenticity of a will -- or if a person dies intestate, figures out who receives her property under state law. It then oversees a procedure to pay the deceased person's debts and to distribute her assets to the proper inheritors. See probate.

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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Forest Hills Estate Lawyer, New York, page 5

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Judi L. Silverstein

Leslie Whitman Greene

Daniel Fier

Manuel Leonardo Saintmartin

Paul Joseph Gengo

Joel Eric Budnetz

Cynthia Alicea Dade

Richard Cary Spivack

Barbara Jean Berwitz

Joseph Thomas Welsh

TIPS

LEGAL TERMS

MARITAL LIFE ESTATE TRUST

INCOMPETENCE

LAPSE

OFFICER

LIFE BENEFICIARY

EXEMPTION TRUST

QTIP TRUST

GENERATION-SKIPPING TRANSFER TAX

PROBATE COURT

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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