Lake Grove 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
  Counselors At Law
3. Practice AreasExpertise
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Annamarie Donovan

Litigation, Trusts, Employment, Wrongful Death

Status: In Good Standing Licensed: 31 Years

CONTACT

1200 Veterans Hwy, Smithtown, NY 11788

Barbara Maria Pizzolato

Commercial Real Estate, International Tax, Trusts, Estate Planning

Status: In Good Standing

CONTACT

One Suffolk Square, Islandia, NY 11749

Catherine Taylor

Trusts

Status: In Good Standing

CONTACT

Islandia, NY 11749

Daniel James Cronin

Lawsuit & Dispute, Trusts

Status: In Good Standing Licensed: 51 Years

CONTACT

1353 Stony Brook Rd, Stony Brook, NY 11790

Donald M. Spanton

Wills, Trusts, Estate Planning, Private Schools

Status: In Good Standing Licensed: 65 Years

CONTACT

1050 Old Nichols Road, Islandia, NY 11749

Doris Gretchen Rompf

Intellectual Property, Trusts, Family Law, Adoption

Status: In Good Standing Licensed: 34 Years

CONTACT

21 Innis Ave, Ronkonkoma, NY 11779

Janna Pearl Visconti

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

Status: In Good Standing

CONTACT

162 Terry Rd, Smithtown, NY 11787

Keith Harold Weidman

DUI-DWI, Estate Planning, Trusts, Criminal, Estate

Status: In Good Standing Licensed: 39 Years

CONTACT

900 Old Nichols Rd, Islandia, NY 11749

Keith Weidman

DUI-DWI, Estate Planning, Trusts, Criminal, Estate

Status: In Good Standing

CONTACT

900 Old Nichols Rd, Islandia, NY 11749

Laura E. Johnson

Trusts, Elder Law, Corporate, Business

Status: In Good Standing Licensed: 15 Years

CONTACT

6 S Jersey Ave, East Setauket, NY 11733

800-923-0641

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LEGAL TERMS

DEVISEE

A person or entity who inherits real estate under the terms of a will.

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.

SPENDTHRIFT TRUST

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.

PROBATE COURT

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate cour... (more...)

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate court' in New York and several other states, this court normally examines the authenticity of a will -- or if a person dies intestate, figures out who receives her property under state law. It then oversees a procedure to pay the deceased person's debts and to distribute her assets to the proper inheritors. See probate.

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.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

INTESTATE

The condition of dying without a valid will. The probate court appoints an administrator to distribute the deceased person's property according to state law.

SPECIAL ADMINISTRATOR

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a spe... (more...)

(1) In the law of wills and estates, a person appointed by the court to take charge of only a designated portion of an estate during probate. For example, a special administrator with particular expertise on art might be appointed to oversee the probate of a wealthy person's art collection, but not the entire estate. (2) A person appointed to be responsible for a deceased person's property for a limited time or during an emergency, such as a challenge to the will or to the qualifications of the named executor. In such cases, the special administrator's duty is to maintain and preserve the estate, not necessarily to take control of the probate process

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.

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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Lake Grove Trusts Lawyer, New York

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Annamarie Donovan

Barbara Maria Pizzolato

Catherine Taylor

Daniel James Cronin

Donald M. Spanton

Doris Gretchen Rompf

Janna Pearl Visconti

Keith Harold Weidman

Keith Weidman

Laura E. Johnson

TIPS

LEGAL TERMS

DEVISEE

MINERAL RIGHTS

SPENDTHRIFT TRUST

PROBATE COURT

SPRINKLING TRUST

SPECIFIC BEQUEST

INTESTATE

SPECIAL ADMINISTRATOR

ESTATE TAXES

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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