Lindenhurst Estate Planning 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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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
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Includes: Gift Taxation

Adam Jay Gottlieb

International Tax, Elder Law, Estate Planning, Estate

Status:

CONTACT

100 Broadhollow Rd, Farmingdale, NY 11735

Edward Horn

Wills, Estate Planning, Personal Injury

Status: Licensed: 49 Years

CONTACT

3 Delta Rd, Massapequa, NY 11758

Laura Ann Ellis

Estate Planning, Wills & Probate, Trusts

Status: Licensed: 33 Years

CONTACT

80 Broadway, Amityville, NY 11701

Mark Montanaro

Criminal, Estate Planning, Real Estate, Accident & Injury, Business

Status: Licensed: 11 Years

FREE CONSULTATION

CONTACT

100 Broadhollow Road, Farmingdale, NY 11735

Michael Gimenez Diaz

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

Status:

CONTACT

99 North Emerson Avenue, Copiague, NY 11726

Patricia Ann Unz

Litigation, Estate Planning, Criminal, Business & Trade

Status: Licensed: 30 Years

CONTACT

77 Conklin St, Farmingdale, NY 11735

Richard James Burke

Estate, Wills & Probate, Trusts, Estate Planning, Real Estate Other

Status: Licensed: 43 Years

CONTACT

500 Bi County Blvd, Farmingdale, NY 11735

Robert T. Rinear

Estate Planning, Estate, Business

Status:

CONTACT

112 Farmingdale Road (Route 109), West Babylon, NY 11704

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LEGAL TERMS

MARITAL LIFE ESTATE TRUST

See AB trust.

BEQUEATH

A legal term sometimes used in wills that means 'leave' -- for example, 'I bequeath my garden tools to my brother-in-law, Buster Jenkins.'

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.

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.

SURROGATE COURT

See probate court.

OFFICER

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operation... (more...)

A person elected by a profit or nonprofit corporation's board of directors, or by the manager of a limited liability company, to manage the day-to-day operations of the organization. Officers generally hold titles such as President or Treasurer. Many states and most corporate bylaws or LLC operating agreements require a corporation or LLC to have a president, secretary and treasurer. Election of a vice president may be required by state law.

INVESTOR

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes invest... (more...)

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes investments for others who have entrusted her with their money.

DISCHARGE (OF PROBATE ADMINISTRATOR)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties hav... (more...)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties have been completed but may happen sooner if the executor or administrator wishes to withdraw or is dismissed.

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

SAMPLE LEGAL CASES

Schneider v. Finmann

... maintain an action for legal malpractice. We now reverse and reinstate plaintiff's claim. Strict privity, as applied in the context of estate planning malpractice actions, is a minority rule in the United States. [1] In New York, a third ...

Fielding v. Kupferman

... The documents at issue in Bishop were estate planning instruments executed by the plaintiff who believed that he was giving his wife a life estate and was not limiting his access to his life savings (Bishop, 33 AD3d 497, 501 [2006], affd 9 NY3d 910 [2007]). ...

Kram Knarf, LLC v. Djonovic

... The client's malpractice complaint was silent as to how the attorneys misled him, what they failed to explain to him concerning the estate planning documents he executed, and which of his instructions those documents did not reflect (33 AD3d at 498-499). ...

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Lindenhurst Estate Planning Lawyer, New York

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Adam Jay Gottlieb

Edward Horn

Laura Ann Ellis

Mark Montanaro

Michael Gimenez Diaz

Patricia Ann Unz

Richard James Burke

Robert T. Rinear

TIPS

LEGAL TERMS

MARITAL LIFE ESTATE TRUST

BEQUEATH

REMAINDERMAN

AB TRUST

SURROGATE COURT

OFFICER

INVESTOR

DISCHARGE (OF PROBATE ADMINISTRATOR)

RESIDUARY ESTATE

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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