Howard Beach Estate Lawyer, New York, page 2

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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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Andrew A. Costantino

Federal Appellate Practice, Wills & Probate

Status: Licensed: 77 Years

CONTACT

16040 80th St, Howard Beach, NY 11414

Anthony C. Crasto

Real Estate, Estate, Business, Accident & Injury

Status: Licensed: 35 Years

CONTACT

16110A Crossbay Blvd, Jamaica, NY 11414

Richard Lovell

Real Estate, Estate, Criminal, Contract

Status:

CONTACT

107-48 Cross Bay Boulevard, Ozone Park, NY 11417

Keith Rajendra Singh

Commercial Real Estate, Wills, Divorce & Family Law, Bankruptcy

Status: Licensed: 34 Years

CONTACT

107 29 Liberty Ave, Ozone Park, NY 11417

Camy Tribeni Narain

Real Estate, Immigration, Estate, Criminal

Status: Licensed: 27 Years

CONTACT

11023 Rockaway Blvd, South Ozone Park, NY 11420

John Napolitano

Divorce & Family Law, Wills & Probate, Estate

Status: Licensed: 41 Years

CONTACT

9409 101st Ave, Ozone Park, NY 11416

Daniel Kogan

Landlord-Tenant, Intellectual Property, Industry Specialties, Wills

Status: Licensed: 44 Years

CONTACT

9409 101St Ave, Ozone Park, NY 11416

John F. Scheich

Business Organization, Banking & Finance, Wills & Probate, Elder Law

Status: Licensed: 45 Years

CONTACT

103-42 Lefferts Blvd, South Richmond Hill, NY 11419

Jonathan Jay Somerstein

Other, Real Estate, Lawsuit & Dispute, Estate

Status: Licensed: 32 Years

CONTACT

8639 98Th St, Woodhaven, NY 11421

James Francis Rooney

Real Estate, Estate

Status: Licensed: 48 Years

CONTACT

8607 Jamaica Ave, Woodhaven, NY 11421

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LEGAL TERMS

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.

GENERATION-SKIPPING TRUST

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income fro... (more...)

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income from the trust. Because the children (the middle generation) never legally own the property, it isn't subject to estate tax at their death. See generation-skipping transfer tax.

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.

INHERIT

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will... (more...)

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will. Currently, however, the word is used whenever someone receives property from the estate of a deceased person.

FUNDING A TRUST

Transferring ownership of property to a trust.

MINERAL RIGHTS

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral right... (more...)

An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral rights is usually entitled to either take the minerals from the land himself or receive a royalty from the party that actually extracts the minerals.

NONPROBATE

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surv... (more...)

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surviving spouse and property left outside of a will through probate-avoidance methods such as pay-on-death designations, joint tenancy ownership, living trusts and life insurance. Property that avoids probate is sometimes described as the 'nonprobate estate.' Nonprobate distribution may also occur if the deceased person leaves an invalid will. In that case, property will pass according to the particular state's laws of intestate succession.

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.

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

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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Howard Beach Estate Lawyer, New York, page 2

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Andrew A. Costantino

Anthony C. Crasto

Richard Lovell

Keith Rajendra Singh

Camy Tribeni Narain

John Napolitano

Daniel Kogan

John F. Scheich

Jonathan Jay Somerstein

James Francis Rooney

TIPS

LEGAL TERMS

INTESTATE SUCCESSION

GENERATION-SKIPPING TRUST

GENERATION-SKIPPING TRANSFER TAX

INHERIT

FUNDING A TRUST

MINERAL RIGHTS

NONPROBATE

FINAL BENEFICIARY

SUCCESSOR TRUSTEE

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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