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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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A. Mitchell Greene

Business Organization, Wills & Probate, Corporate, Estate Planning

Status: In Good Standing

CONTACT

1345 Avenue of the Americas, New York, NY 10105

A. Stanley Robinson

Business Organization, Estate Planning, Trusts, Tax

Status: In Good Standing

CONTACT

1345 Avenue of the Americas, New York, NY 10105

Valerie A. Burg

Gift Taxation, Estate Administration, Wills & Probate, Trusts

Status: In Good Standing

CONTACT

225 Broadway, New York, NY 10007

A. Jude Avelino

Business Successions, Elder Law, Gift Taxation, Estate Administration

Status: In Good Standing

CONTACT

225 Broadway, New York, NY 10007

Lisa Mendelson Hecht

Corporate, Business Organization, Estate Administration, Intellectual Property

Status: In Good Standing

CONTACT

225 Broadway, New York, NY 10007

Roy J. Karlin

Corporate, Employment Discrimination, Estate Administration, Federal Appellate Practice

Status: In Good Standing

CONTACT

225 Broadway, New York, NY 10007

Robert S List

Wills & Probate, Transportation & Shipping, Civil Rights, Wills

Status: In Good Standing

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80 Maiden Lane, New York, NY 10038

John R. Keough

Estate Planning, Family Law, Insurance, Contract

Status: In Good Standing

CONTACT

4th Fl, 111 Broadway, New York, NY 10006

Francis M. O'Regan

Admiralty & Maritime, Estate Planning, Family Law, Real Estate

Status: In Good Standing

CONTACT

4th Fl, 111 Broadway, New York, NY 10006

Thomas P. Ryan

Trusts, Personal Injury, Medical Malpractice, Professional Malpractice

Status: In Good Standing

CONTACT

14 Wall Street, New York, NY 10005

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LEGAL TERMS

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).

PETITION

A formal written request made to a court, asking for an order or ruling on a particular matter. For example, if you want to be appointed conservator for an elde... (more...)

A formal written request made to a court, asking for an order or ruling on a particular matter. For example, if you want to be appointed conservator for an elderly relative, you must file a petition with a court. See also complaint.

NONPROBATE

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surv... (more...)

The distribution of a deceased person's property by any means other than probate. Many types of property pass free of probate, including property left to a surviving spouse and property left outside of a will through probate-avoidance methods such as pay-on-death designations, joint tenancy ownership, living trusts and life insurance. Property that avoids probate is sometimes described as the 'nonprobate estate.' Nonprobate distribution may also occur if the deceased person leaves an invalid will. In that case, property will pass according to the particular state's laws of intestate succession.

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

TRUSTEE POWERS

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

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.

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.

CHARITABLE TRUST

Any trust designed to make a substantial gift to a charity and also achieve income and estate tax savings for the person who creates the trust (the grantor).

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

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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New York Estate Lawyer, New York, page 8

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

A. Mitchell Greene

A. Stanley Robinson

Valerie A. Burg

A. Jude Avelino

Lisa Mendelson Hecht

Roy J. Karlin

Robert S List

John R. Keough

Francis M. O'Regan

Thomas P. Ryan

TIPS

LEGAL TERMS

GRANTOR RETAINED INCOME TRUST

PETITION

NONPROBATE

LIVING TRUST

TRUSTEE POWERS

POUR-OVER WILL

SPENDTHRIFT TRUST

CHARITABLE TRUST

TESTAMENTARY TRUST

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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