Gerry 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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Hope L. Fredrickson

Real Estate, Government, Estate, Divorce & Family Law

Status: Licensed: 42 Years

CONTACT

Sinclairville, NY 14782

Lanny R. Sheffield

Residential Real Estate, Real Estate, Wills, Estate Planning

Status: Licensed: 48 Years

CONTACT

3 Lakeview Ave, Jamestown, NY 14701

Richard Hunt Fessenden

Real Estate, Estate, Business, Bankruptcy & Debt

Status: Licensed: 51 Years

CONTACT

Jamestown, NY 14702

John Lausterer Sellstrom

Real Estate, Lawsuit & Dispute, Estate, Business

Status: Licensed: 63 Years

CONTACT

Jamestown, NY 14702

John Robert Samuelson

Real Estate, Estate, Divorce & Family Law, Business

Status: Licensed: 52 Years

CONTACT

111 W 2Nd St, Jamestown, NY 14701

Kenneth Morton Lasker

Landlord-Tenant, Real Estate, Wills & Probate, Car Accident, Personal Injury

Status: Licensed: 38 Years

CONTACT

115 E 3rd St, Jamestown, NY 14701

Richard L. Sotir

Estate, Employment, Divorce & Family Law, Accident & Injury

Status: Licensed: 51 Years

CONTACT

8 E 4Th St, Jamestown, NY 14701

Kristin Michelle Lee Yaw

Accident & Injury, Estate, Real Estate

Status: Licensed: 12 Years

CONTACT

24 E 3Rd St, Jamestown, NY 14701

R Michael Goldman

General Practice

Status: Licensed: 49 Years

CONTACT

20 W 3Rd St, Jamestown, NY 14701

Frederick Albin Larson

Real Estate, Personal Injury, Wills & Probate, Trusts

Status: Licensed: 48 Years

CONTACT

408 W 5Th St, Jamestown, NY 14701

800-923-0641

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LEGAL TERMS

GRANTOR

Someone who creates a trust. Also called a trustor or settlor.

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.

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

CURATOR

See conservator.

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.

INTESTATE SUCCESSION

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest s... (more...)

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest surviving relatives. In most states, the surviving spouse, children, parents, siblings, nieces and nephews, and next of kin inherit, in that order.

SPRINKLING TRUST

A trust that gives the person managing it (the trustee) the discretion to disburse its funds among the beneficiaries in any way he or she sees fit.

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.'

MARITAL LIFE ESTATE TRUST

See AB 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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Gerry Estate Lawyer, New York

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Hope L. Fredrickson

Lanny R. Sheffield

Richard Hunt Fessenden

John Lausterer Sellstrom

John Robert Samuelson

Kenneth Morton Lasker

Richard L. Sotir

Kristin Michelle Lee Yaw

R Michael Goldman

Frederick Albin Larson

TIPS

LEGAL TERMS

GRANTOR

AB TRUST

ESTATE TAXES

CURATOR

PER STIRPES

INTESTATE SUCCESSION

SPRINKLING TRUST

PRETERMITTED HEIR

MARITAL LIFE ESTATE 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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