Olcott 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

Norman J. Mattar

Estate Planning, Personal Injury, Medical Malpractice, Car Accident

Status: In Good Standing

FREE CONSULTATION

CONTACT

8604 Main Street, Buffalo, NY 14221

William J Kita

Estate Planning, Family Law, Insurance, Litigation

Status: In Good Standing

CONTACT

2150 Main Place Tower, 350 Main Street, Buffalo, NY 14202

Philip Stephen Chamot

Real Estate, Estate Planning, Estate, Commercial Bankruptcy

Status: In Good Standing Licensed: 37 Years

CONTACT

76 West Ave, Lockport, NY 14094

John P Robshaw

Real Estate, Trusts, Estate Planning, Business Organization

Status: In Good Standing Licensed: 62 Years

CONTACT

5672 Main St, Buffalo, NY 14221

Deborah Muhlbauer

Estate Planning, Tax

Status: In Good Standing

CONTACT

333 International Dr, Buffalo, NY 14221

Rebecca Elaine Tavares Chapman

Gaming & Alcohol, Estate Planning, Employment, Business

Status: In Good Standing Licensed: 22 Years

CONTACT

65 Lafayette Blvd, Buffalo, NY 14221

William Carl Meyer

Real Estate, Estate Planning, Estate, Elder Law

Status: In Good Standing Licensed: 29 Years

CONTACT

1925 Kensington Ave, Buffalo, NY 14215

John Robert Nuchereno

Elder Law, Estate Planning, Family Law

Status: In Good Standing Licensed: 47 Years

CONTACT

2503 Niagara St, Buffalo, NY 14207

Michael Timothy Dwan

DUI-DWI, Traffic, Wills & Probate, Estate Planning

Status: In Good Standing

CONTACT

5136 Transit Rd, Depew, NY 14043

Jeffrey F. Voelkl

Landlord-Tenant, Estate Planning, Family Law, Corporate

Status: In Good Standing Licensed: 32 Years

CONTACT

19 S Long St, Buffalo, NY 14221

800-923-0641

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LEGAL TERMS

PROPERTY CONTROL TRUST

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who ha... (more...)

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who have special physical, emotional or other requirements, (2) spendthrift trusts designed to prevent a beneficiary from wasting the trust principal; and (3) sprinkling trusts that allow the trustee to decide how to distribute trust income or principal among the beneficiaries.

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.

ENTITY

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from i... (more...)

An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from its individual members--for example, a corporation, partnership, trust, estate or government agency. The entity is treated like a person; it can function legally, be sued, and make decisions through agents.

TRUSTEE POWERS

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

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.

AUGMENTED ESTATE

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used on... (more...)

In general terms, an augmented estate consists of property owned by both a deceased person and his or her spouse. The concept of the augmented estate is used only in some states. Its value is calculated only if a surviving spouse declines whatever he or she was left by will and instead claims a share of the deceased spouse's estate. (This is called taking against the will.) The amount of this 'statutory share' or 'elective share' depends on state law.

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.

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).

INHERIT

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will... (more...)

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will. Currently, however, the word is used whenever someone receives property from the estate of a deceased person.

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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Olcott Estate Planning Lawyer, New York

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Norman J. Mattar

William J Kita

Philip Stephen Chamot

John P Robshaw

Deborah Muhlbauer

Rebecca Elaine Tavares Chapman

William Carl Meyer

John Robert Nuchereno

Michael Timothy Dwan

Jeffrey F. Voelkl

TIPS

LEGAL TERMS

PROPERTY CONTROL TRUST

ACCUMULATION TRUST

ENTITY

TRUSTEE POWERS

WILL

AUGMENTED ESTATE

TRUST DEED

CHARITABLE TRUST

INHERIT

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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