North River Estate Lawyer, New York, page 2

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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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John E. Fitzgerald

Commercial Real Estate, Estate Planning, Elder Law, Defamation & Slander

Status: In Good Standing

CONTACT

288 Glen St, Glens Falls, NY 12801

James Edward Cullum

Real Estate, Lawsuit & Dispute, Estate, Insurance, Accident & Injury

Status: In Good Standing Licensed: 56 Years

CONTACT

288 Glen St, Glens Falls, NY 12801

Elisabeth Brodie Mahoney

Estate Administration, Estate Planning, Elder Law, Corporate

Status: In Good Standing

CONTACT

16 Maple St, Glens Falls, NY 12801

Brian Christopher Borie

Landlord-Tenant, Elder Law, Litigation, Estate Planning

Status: In Good Standing

CONTACT

One Washington Street, Glens Falls, NY 12801

Timothy Joseph Alden

Real Estate, Wills & Probate, Trusts, Estate

Status: In Good Standing Licensed: 43 Years

CONTACT

513 Glen St, Glens Falls, NY 12801

Patricia Ellen Watkins

Real Estate, Estate Administration, Estate Planning, Elder Law

Status: In Good Standing

CONTACT

Glens Falls, NY 12801

Stephen Morgan Layden

Real Estate, Estate, Business

Status: In Good Standing Licensed: 30 Years

CONTACT

169 Main St, Hudson Falls, NY 12839

Meg Gilmartin

Divorce & Family Law, Estate, Lawsuit & Dispute, Real Estate

Status: In Good Standing

CONTACT

29 Spa Drive, Saratoga Springs, NY 12866

James S. Daly

Divorce & Family Law, Estate, Real Estate, Criminal

Status: In Good Standing Licensed: 40 Years

CONTACT

26 F Congress St., Saratoga Springs, NY 12866

John D. Leggett

Family Law, Wills & Probate, Business

Status: In Good Standing

CONTACT

175 Church Street, Saratoga Springs, NY 12866

800-923-0641

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LEGAL TERMS

ABATEMENT

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other exp... (more...)

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other expenses. Gifts left in the will are cut back in order to pay taxes, satisfy debts or take care of other gifts that are given priority under law or by the will itself.

IRREVOCABLE TRUST

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

TRUST MERGER

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

PREDECEASED SPOUSE

In the law of wills, a spouse who dies before the will maker while still married to him or her.

NET ESTATE

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

PER STIRPES

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. F... (more...)

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property 'per stirpes,' Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation). If, on the other hand, Fred's will states that the property is to be divided per capita, Julie and the two grandchildren will each take a third.

ACCUMULATION TRUST

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust.

DISTRIBUTEE

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (ca... (more...)

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (called intestate), state law determines what each distributee will receive. Also called a beneficiary.

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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North River Estate Lawyer, New York, page 2

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

John E. Fitzgerald

James Edward Cullum

Elisabeth Brodie Mahoney

Brian Christopher Borie

Timothy Joseph Alden

Patricia Ellen Watkins

Stephen Morgan Layden

Meg Gilmartin

James S. Daly

John D. Leggett

TIPS

LEGAL TERMS

ABATEMENT

IRREVOCABLE TRUST

TRUST MERGER

TRUSTEE

PREDECEASED SPOUSE

NET ESTATE

PER STIRPES

ACCUMULATION TRUST

DISTRIBUTEE

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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