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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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Anthony E. Core

Construction, Transportation & Shipping, Wills & Probate, Corporate, Commercial Real Estate

Status: Licensed: 35 Years

CONTACT

173 School St, Old Westbury, NY 11590

Vanessa Icolari

Estate, Divorce & Family Law, Elder Law, Business

Status: Licensed: 15 Years

FREE CONSULTATION

CONTACT

32 West Merrick Road, Valley Stream, NY 11580

Suzanne Q. Burke

Commercial Real Estate, Real Estate, Estate Planning, Estate

Status:

CONTACT

1055 Franklin Ave, Garden City, NY 11530

Mary Ann Catalano

Trusts, Estate, Employment, Reorganization

Status:

CONTACT

1122 Franklin Ave, Garden City, NY 11530

Christopher L. Grayson

Real Estate, Lawsuit & Dispute, Estate, Accident & Injury

Status: Licensed: 28 Years

CONTACT

1225 Franklin Ave, Garden City, NY 11530

Saul Henry Kobrick

Trusts, Estate, Civil & Human Rights

Status: Licensed: 58 Years

CONTACT

1305 Franklin Ave, Garden City, NY 11530

Kenneth P. Mahon

Wills, Trusts, Estate

Status: Licensed: 39 Years

CONTACT

254 Nassau Blvd, Garden City, NY 11530

Allison Tenenbaum

Corporate, Trusts

Status:

CONTACT

333 Earle Ovington Boulevard, Uniondale, NY 11553

Samildre R. Perez

Real Estate, Wills, Estate Planning, Divorce & Family Law

Status: Licensed: 28 Years

CONTACT

122 Plainfield Avenue, Floral Park, NY 11001

Louis Devito

Elder Law, Estate Planning, Guardianships & Conservatorships, Commercial Real Estate

Status:

CONTACT

333 Earle Ovington Boulevard, Uniondale, NY 11553

800-814-6700

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LEGAL TERMS

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.

PERSONAL PROPERTY

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, p... (more...)

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, patents, pets and season baseball tickets are all examples of personal property. Personal property may also be called personal effects, movable property, goods and chattel, and personalty. Compare real estate.

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.

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.

FUNDING A TRUST

Transferring ownership of property to a trust.

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

BANKRUPTCY ESTATE

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankrup... (more...)

All of the property you own when you file for bankruptcy, except for most pensions and educational trusts. The trustee technically takes control of your bankruptcy estate for the duration of your case.

PUBLISHED WORK

An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public o... (more...)

An original work of authorship that is considered published for purposes of copyright law. A work is 'published' when it is first made available to the public on an unrestricted basis. It is thus possible to display a work, or distribute it with restrictions on disclosure of its contents, without actually 'publishing' it. Both published and unpublished works are entitled to copyright protection, but some of the rules differ.

FAMILY POT TRUST

See pot 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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Garden City Estate Lawyer, New York, page 5

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Anthony E. Core

Vanessa Icolari

Suzanne Q. Burke

Mary Ann Catalano

Christopher L. Grayson

Saul Henry Kobrick

Kenneth P. Mahon

Allison Tenenbaum

Samildre R. Perez

Louis Devito

TIPS

LEGAL TERMS

GENERATION-SKIPPING TRANSFER TAX

PERSONAL PROPERTY

AB TRUST

ADMINISTRATION (OF AN ESTATE)

FUNDING A TRUST

FINAL BENEFICIARY

BANKRUPTCY ESTATE

PUBLISHED WORK

FAMILY POT 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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