Wellesley Island Estate Lawyer, New York

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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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Jon K Holcombe

Elder Law, Estate, Real Estate, Personal Injury

Status: In Good Standing Licensed: 61 Years

FREE CONSULTATION

CONTACT

47206 Oak Place, Wellesley Island, NY 13640

Nortz Pllc

Real Estate, Estate, Personal Injury

Status: In Good Standing

CONTACT

229 John St, Clayton, NY 13624

Addie Ann Elizabeth Jenne

Other, Estate, Divorce & Family Law, Business

Status: In Good Standing Licensed: 21 Years

CONTACT

223 Riverside Ave, Theresa, NY 13691

Arik G. Turner

Tax, International Tax, Gift Taxation

Status: In Good Standing Licensed: 22 Years

CONTACT

3217 County Route 6, Hammond, NY 13646

Leicia Grant

Products Liability, Civil Rights, Real Estate, Wills

Status: In Good Standing

CONTACT

141 Lewis Avenue, Watertown, NY 13602

Leicia Grant

Products Liability, Civil Rights, Real Estate, Wills

Status: In Good Standing

CONTACT

141 Lewis Avenue, Watertown, NY 13602

Catherine Burns Quencer

Real Estate, Estate, Civil & Human Rights

Status: In Good Standing Licensed: 39 Years

CONTACT

220 Sterling St, Watertown, NY 13601

Jeremiah Garnet McPherson

General Practice

Status: In Good Standing Licensed: 11 Years

CONTACT

11599A Maple View Pl, Watertown, NY 13603

Mark Grover Gebo

Real Estate, Government, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 47 Years

CONTACT

120 Washington St, Watertown, NY 13601

Andrew Nicholas Capone

Criminal, Estate, Real Estate, Traffic, Limited Liability Companies

Status: In Good Standing Licensed: 35 Years

CONTACT

120 Washington St, Watertown, NY 13601

800-923-0641

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LEGAL TERMS

BENEFICIARY

A person or organization legally entitled to receive benefits through a legal device, such as a will, trust or life insurance policy.

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.

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.

WILL

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for you... (more...)

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for your young children.

FAMILY ALLOWANCE

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to ... (more...)

A certain amount of a deceased person's money to which immediate family members are entitled at the beginning of the probate process. The allowance is meant to help support the surviving spouse and children during the time it takes to probate the estate. The amount is determined by state law and varies greatly from state to state.

SELF-PROVING WILL

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-prov... (more...)

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-proving when two witnesses sign under penalty of perjury that they observed the willmaker sign it and that he told them it was his will. If no one contests the validity of the will, the probate court will accept the will without hearing the testimony of the witnesses or other evidence. To make a self-proving will in other states, the willmaker and one or more witnesses must sign an affidavit (sworn statement) before a notary public certifying that the will is genuine and that all willmaking formalities have been observed.

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.

POWER OF APPOINTMENT

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust o... (more...)

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Karin creates a trust with power of appointment to benefit either the local art museum, symphony, library or park, depending on the trustee's assessment of need.

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.

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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Wellesley Island Estate Lawyer, New York

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Jon K Holcombe

Nortz Pllc

Addie Ann Elizabeth Jenne

Arik G. Turner

Leicia Grant

Leicia Grant

Catherine Burns Quencer

Jeremiah Garnet McPherson

Mark Grover Gebo

Andrew Nicholas Capone

TIPS

LEGAL TERMS

BENEFICIARY

ESTATE TAXES

RESIDUARY ESTATE

WILL

FAMILY ALLOWANCE

SELF-PROVING WILL

POUR-OVER WILL

POWER OF APPOINTMENT

DISCHARGE (OF PROBATE ADMINISTRATOR)

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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