Millbrook Estate Planning 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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Includes: Gift Taxation

John W. Cobb

Bankruptcy, Contract, Criminal, Estate Planning

Status: In Good Standing

FREE CONSULTATION

CONTACT

724 Broadway, Newburgh, NY 12550

Thomas E. Dietz

Real Estate, Trusts, Estate Planning, Family Law

Status: In Good Standing

CONTACT

2 Cannon Street, Poughkeepsie, NY 12601

Michel P. Haggerty

Real Estate, Wills & Probate, Estate Planning, Elder Law

Status: In Good Standing

CONTACT

6367 Mill Street, Rhinebeck, NY 12572

Gerald A. Vergilis

Commercial Real Estate, Estate Planning, Criminal, Corporate

Status: In Good Standing

FREE CONSULTATION

CONTACT

1136 Route 9, Wappingers Falls, NY 12590

David A. Rubel

Social Security -- Disability, Estate Planning, DUI-DWI, Divorce, Landlord-Tenant

Status: In Good Standing Licensed: 13 Years

FREE CONSULTATION

CONTACT

621 Route 52, Beacon, NY 12508

Robert Irving Miller

Estate Planning, Medical Malpractice, Health Care, Commercial Real Estate, Mass Torts

Status: In Good Standing Licensed: 31 Years

CONTACT

300 Westage Business Ctr, Clinton Corners, NY 12514

Rachel Dolores Flanagan

Estate Planning, Family Law, Divorce & Family Law, Elder Law

Status: In Good Standing Licensed: 15 Years

CONTACT

2 Summit Ct, Fishkill, NY 12524

Donald J. Scialabba

Health Care, Estate Planning, Child Custody, Medical Malpractice

Status: In Good Standing Licensed: 44 Years

CONTACT

995 Main St, Fishkill, NY 12524

Leo Mcgrath

Estate Planning, Trusts

Status: In Good Standing

CONTACT

1436 Route 52 Fishkill,., Fishkill, NY 12524

Ephie D. Trataros

Commercial Real Estate, Trusts, Estate Planning, Elder Law

Status: In Good Standing Licensed: 31 Years

CONTACT

70 Maiden Ln, Kingston, NY 12401

800-923-0641

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LEGAL TERMS

RULE AGAINST PERPETUITIES

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For examp... (more...)

An exceedingly complex legal doctrine that limits the amount of time that property can be controlled after death by a person's instructions in a will. For example, a person would not be allowed to leave property to her husband for his life, then to her children for their lives, then to her grandchildren. The gift would potentially go to the grandchildren at a point too remote in time.

CERTIFIED COPY

A copy of a document issued by a court or government agency guaranteed to be a true and exact copy of the original. Many agencies and institutions require certi... (more...)

A copy of a document issued by a court or government agency guaranteed to be a true and exact copy of the original. Many agencies and institutions require certified copies of legal documents before permitting certain transactions. For example, a certified copy of a death certificate is required before a bank will release the funds in a deceased person's payable-on-death account to the person who has inherited them.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

BENEFICIARY

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

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.

ADMINISTRATION (OF AN ESTATE)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. I... (more...)

The court-supervised distribution of the probate estate of a deceased person. If there is a will that names an executor, that person manages the distribution. If not, the court appoints someone, who is generally known as the administrator. In some states, the person is called the 'personal representative' in either instance.

NET ESTATE

The value of all property owned at death less liabilities or debts.

GRANTOR RETAINED INCOME TRUST

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for ... (more...)

Irrevocable trusts designed to save on estate tax. There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years. When the trust ends, the property goes to the final beneficiaries you've named. These trusts are for people who have enough wealth to feel comfortable giving away a substantial hunk of property. They come in three flavors: Grantor-Retained Annuity Trusts (GRATs), Grantor-Retained Unitrusts (GRUTs) and Grantor-Retained Income Trusts (GRITs).

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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Millbrook Estate Planning Lawyer, New York

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

John W. Cobb

Thomas E. Dietz

Michel P. Haggerty

Gerald A. Vergilis

David A. Rubel

Robert Irving Miller

Rachel Dolores Flanagan

Donald J. Scialabba

Leo Mcgrath

Ephie D. Trataros

TIPS

LEGAL TERMS

RULE AGAINST PERPETUITIES

CERTIFIED COPY

IRREVOCABLE TRUST

GROSS ESTATE

BENEFICIARY

IN TERROREM

ADMINISTRATION (OF AN ESTATE)

NET ESTATE

GRANTOR RETAINED INCOME TRUST

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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