Great Neck Plaza 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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Arfa Mahmud

Estate Planning, Trusts

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CONTACT

1010 Northern Blvd., Great Neck, NY 11021

Massimo A. Santoli

International, Trusts, Estate Planning, Estate

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CONTACT

1010 Northern Blvd., Great Neck, NY 11021

Robert Abrams

Trusts, Estate Planning, Estate, Elder Law

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CONTACT

1111 Marcus Avenue, New Hyde Park, NY 11042

Laura G Grossman

Estate Planning, Real Estate, Trusts, Wills

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FREE CONSULTATION

CONTACT

600 Old Country Road, Room 519, Garden City, NY 11530

Alexander David Nirenstein

Litigation, Trusts, Family Law, Divorce & Family Law

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CONTACT

1 Welwyn Road, Great Neck, NY 11022

Christopher John Steele

Traffic, Trusts, Child Custody

Status: Licensed: 29 Years

CONTACT

111 Great Neck Rd, Great Neck, NY 11021

Colleen M. Tarpey

Traffic, Lawsuit & Dispute, Trusts, Estate

Status: Licensed: 24 Years

CONTACT

111 Great Neck Rd, Great Neck, NY 11021

Madelin T. Zwerling

Health Care, Trusts, Estate, Employment

Status: Licensed: 33 Years

CONTACT

111 Great Neck Rd, Great Neck, NY 11021

Theodore William Tashlik

Real Estate, Traffic, Dispute Resolution, Trusts

Status: Licensed: 60 Years

CONTACT

40 Cuttermill Rd, Great Neck, NY 11021

Jeffrey Nelson Levy

Tax, Landlord-Tenant, Immigration, Trusts

Status: Licensed: 47 Years

CONTACT

40 Cuttermill Rd, Great Neck, NY 11021

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LEGAL TERMS

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.

PROBATE

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased pers... (more...)

The court process following a person's death that includes proving the authenticity of the deceased person's will appointing someone to handle the deceased person's affairs identifying and inventorying the deceased person's property paying debts and taxes identifying heirs, and distributing the deceased person's property according to the will or, if there is no will, according to state law. Formal court-supervised probate is a costly, time-consuming process -- a windfall for lawyers -- which is best avoided if possible.

REMAINDERMAN

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderma... (more...)

Someone who will inherit property in the future. For instance, if someone dies and leaves his home 'to Alma for life, and then to Barry,' Barry is a remainderman because he will inherit the home in the future, after Alma dies.

GRANTOR

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

LIFE BENEFICIARY

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

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.

SUMMARY PROBATE

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are ... (more...)

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are complicated, but a few examples include estates worth up to $100,000 in California; New York estates where property, excluding real estate and amounts that must be set aside for surviving family members, is worth $20,000 or less; and Texas estates where the value of property doesn't exceed what is needed to pay a family allowance and certain creditors.

CHARITABLE TRUST

Any trust designed to make a substantial gift to a charity and also achieve income and estate tax savings for the person who creates the trust (the grantor).

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

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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Great Neck Plaza Trusts Lawyer, New York

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Arfa Mahmud

Massimo A. Santoli

Robert Abrams

Laura G Grossman

Alexander David Nirenstein

Christopher John Steele

Colleen M. Tarpey

Madelin T. Zwerling

Theodore William Tashlik

Jeffrey Nelson Levy

TIPS

LEGAL TERMS

SPRINKLING TRUST

PROBATE

REMAINDERMAN

GRANTOR

LIFE BENEFICIARY

PER STIRPES

SUMMARY PROBATE

CHARITABLE TRUST

AUGMENTED ESTATE

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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