Islip Terrace 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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Barbara L. Nieroda

Estate, Divorce & Family Law, Business

Status: In Good Standing Licensed: 26 Years

CONTACT

320 Carleton Ave, Central Islip, NY 11722

Robert Anthony Macedonio

Estate Planning, Divorce, Criminal, Commercial Real Estate, Family Law

Status: In Good Standing Licensed: 32 Years

CONTACT

126 Carleton Ave, Islip Terrace, NY 11752

Andrea Plavin Mottola

Real Estate, Estate, Civil & Human Rights

Status: In Good Standing Licensed: 46 Years

CONTACT

137 Carleton Ave, Islip Terrace, NY 11752

Martin J. Teitelbaum

Real Estate, Estate, Business

Status: In Good Standing Licensed: 49 Years

CONTACT

355 S Technology Dr, Central Islip, NY 11722

Melissa Lyn Forgas-Gartland

Estate, Divorce & Family Law, Civil & Human Rights, Business

Status: In Good Standing Licensed: 22 Years

CONTACT

369 E Main St, East Islip, NY 11730

Karen A. Gravano

Real Estate, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 21 Years

CONTACT

499 Islip Ave, Islip, NY 11751

James Michael Marrin

Real Estate, Estate, Criminal

Status: In Good Standing Licensed: 24 Years

CONTACT

400 Carleton Ave, Central Islip, NY 11722

Michael Martin Mcclellan

Tax, Landlord-Tenant, Motor Vehicle, Trusts

Status: In Good Standing Licensed: 36 Years

CONTACT

320 Carleton Ave, Central Islip, NY 11722

Mary Alice Toner

Estate, Divorce & Family Law

Status: In Good Standing Licensed: 36 Years

CONTACT

320 Carleton Ave, Central Islip, NY 11722

Raymond James Malone

Social Security, Estate

Status: In Good Standing Licensed: 15 Years

CONTACT

46 Windsor Pl, Central Islip, NY 11722

800-923-0641

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LEGAL TERMS

IN TERROREM

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement... (more...)

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement. For example, a will might state that an heir will forfeit her inheritance if she challenges the validity of the will. Of course, if the will is challenged and found to be invalid, then the clause itself is also invalid and the heir takes whatever she would have inherited if there were no will.

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

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.

TRUST MERGER

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.

HOLOGRAPHIC WILL

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many stat... (more...)

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many states, making a holographic will is never advised except as a last resort.

GRANTOR

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

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.

TRUST DEED

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to... (more...)

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to a trustee -- often a title company -- who holds it as security for a loan. When the loan is paid off, the title is transferred to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can sell the property and pay the lender from the proceeds.

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

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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Islip Terrace Estate Lawyer, New York, page 2

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Barbara L. Nieroda

Robert Anthony Macedonio

Andrea Plavin Mottola

Martin J. Teitelbaum

Melissa Lyn Forgas-Gartland

Karen A. Gravano

James Michael Marrin

Michael Martin Mcclellan

Mary Alice Toner

Raymond James Malone

TIPS

LEGAL TERMS

IN TERROREM

TRUSTEE

AUGMENTED ESTATE

TRUST MERGER

HOLOGRAPHIC WILL

GRANTOR

BANKRUPTCY ESTATE

TRUST DEED

TRUSTEE POWERS

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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