New York Estate Planning Lawyer, New York, page 6

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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
1. Contact
2. Email
3. Refer
5. Visit:
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7. Profile

Includes: Gift Taxation

Richard L Rosen

Arbitration, International, Estate Planning, Corporate, Business Organization

Status: In Good Standing Licensed: 57 Years

CONTACT

110 E 59Th St, New York, NY 10022

Liviu Vogel

Estate Planning, Family Law, Corporate, Business Organization

Status: In Good Standing Licensed: 40 Years

CONTACT

580 Madison Ave, New York, NY 10022

Michael Posner

Estate Planning, Divorce, Prenuptial Agreements, Family Law

Status: In Good Standing Licensed: 31 Years

CONTACT

477 Madison Ave, New York, NY 10022

William A. Simon

Corporate, Estate Planning, Family Law, Litigation

Status: In Good Standing Licensed: 49 Years

CONTACT

260 Madison Ave, New York, NY 10016

Samuel J. Karliner

Estate Planning, Family Law, Criminal, Personal Injury

Status: In Good Standing Licensed: 35 Years

CONTACT

60 E 42Nd St, New York, NY 10165

Kenneth L. Stein

Litigation, Trusts, Estate Planning, Corporate

Status: In Good Standing Licensed: 62 Years

CONTACT

600 3Rd Ave, New York, NY 10016

Harvey E Corn

International, Wills & Probate, Trusts, Estate Planning

Status: In Good Standing Licensed: 51 Years

CONTACT

600 3Rd Ave, New York, NY 10016

Dennis T. D'Antonio

Real Estate, Estate Planning, Family Law, Insurance

Status: In Good Standing Licensed: 43 Years

CONTACT

52 Duane Street, New York, NY 10007

John F Kaley

Estate Planning, Family Law, Criminal, Corporate

Status: In Good Standing Licensed: 49 Years

CONTACT

217 Broadway, New York, NY 10007

Daniel Gildin

Litigation, Entertainment, Estate Planning, Franchising

Status: In Good Standing Licensed: 47 Years

CONTACT

767 3Rd Ave, New York, NY 10017

800-923-0641

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LEGAL TERMS

CREDIT SHELTER TRUST

See AB trust.

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.

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.

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

TRUST DEED

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to... (more...)

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to a trustee -- often a title company -- who holds it as security for a loan. When the loan is paid off, the title is transferred to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can sell the property and pay the lender from the proceeds.

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to o... (more...)

A federal law passed to protect pension rights. ERISA: sets minimum standards for pension plans, guaranteeing that pension rights cannot be unfairly denied to or taken from a worker provides some protection for workers in the event certain types of pension plans cannot pay the benefits to which workers are entitled, and requires that employers provide full and clear information about employees' pension rights, including the way pension benefits accumulate, how the company invests pension funds, and when and how pension benefits can be collected.

FAILURE OF ISSUE

A situation in which a person dies without children who could have inherited her property.

ESTATE PLANNING

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your... (more...)

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your estate may involve making a will, living trust, healthcare directives, durable power of attorney for finances or other documents.

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.

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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New York Estate Planning Lawyer, New York, page 6

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Richard L Rosen

Liviu Vogel

Michael Posner

William A. Simon

Samuel J. Karliner

Kenneth L. Stein

Harvey E Corn

Dennis T. D'Antonio

John F Kaley

Daniel Gildin

TIPS

LEGAL TERMS

CREDIT SHELTER TRUST

FAMILY ALLOWANCE

CERTIFIED COPY

RESIDUARY BENEFICIARY

TRUST DEED

EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA)

FAILURE OF ISSUE

ESTATE PLANNING

AB TRUST

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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