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Robert Klipstein
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Ballon Stoll PC
810 7th Ave Suite 405 New York, NY 10019» view map
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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
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Jacqueline A. Constantino

Wills & Probate, Trusts, Estate Planning, Estate

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CONTACT

3380 Monroe Avenue, Rochester, NY 14618

David Christopher Sieling

Personal Injury, Trusts, Litigation, Estate

Status:

CONTACT

29 W Main St, Honeoye Falls, NY 14472

Jacqueline A. Constantino

Trusts, Estate, Business

Status: Licensed: 33 Years

CONTACT

1 Saint Andrews Hl, Pittsford, NY 14534

Eugene Michael O'Connor

Litigation, Trusts, Business, Bankruptcy

Status: Licensed: 35 Years

CONTACT

180 Canal View Blvd, Rochester, NY 14623

David Michael Mehalick

Trusts, Employee Rights, Corporate, Business

Status: Licensed: 43 Years

CONTACT

99 Garnsey Rd, Pittsford, NY 14534

Amanda Heusner Klier

International, Trusts, Estate

Status: Licensed: 17 Years

CONTACT

26 Wood Stone Rise, Pittsford, NY 14534

Kenneth Roland Kraus

Real Estate, Trusts, Employment Discrimination, Elder Law

Status:

CONTACT

100 Meridian Centre Blvd, Rochester, NY 14618

Katharine Michelle Felluca

Real Estate, Business, Wills & Probate, Trusts, Elder Law

Status: Licensed: 17 Years

CONTACT

100 Meridian Centre Blvd, Rochester, NY 14618

Frank Samuel Hagelberg

Litigation, Trusts, Employment Discrimination, Elder Law, Banking & Finance

Status: Licensed: 52 Years

CONTACT

40 Split Rock Rd, Pittsford, NY 14534

Adam Brunner

Trusts, Commercial Real Estate, Estate Planning, Wills

Status: Licensed: 17 Years

CONTACT

39 Deer Creek Rd, Pittsford, NY 14534

800-923-0641

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LEGAL TERMS

QTIP TRUST

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the... (more...)

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.

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.

INCOMPETENCE

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at ... (more...)

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at which the person is present and/or represented by an attorney. A finding of incompetence may lead to the appointment of a conservator to manage the person's affairs. Also known as 'incompetency.'

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.'

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.

TITLE COMPANY

A company that issues title insurance.

RESIDUARY ESTATE

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court c... (more...)

The property that remains in a deceased person's estate after all specific gifts are made, and all debts, taxes, administrative fees, probate costs, and court costs are paid. The residuary estate also includes any gifts under a will that fail or lapse. For example, Connie's will leaves her house and all its furnishings to Andrew, her VW bug to her friend Carl, and the remainder of her property (the residuary estate) to her sister Sara. She doesn't name any alternate beneficiaries. Carl dies before Connie. The VW bug becomes part of the residuary estate and passes to Sara, along with all of Connie's property other than the house and furnishings. Also called the residual estate or residue.

LAPSE

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. S... (more...)

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. Some states have anti-lapse statutes, which prevent gifts to relatives of the deceased person from lapsing unless the relative has no heirs of his or her own. A lapsed gift becomes part of the residuary estate.

BEQUEATH

A legal term sometimes used in wills that means 'leave' -- for example, 'I bequeath my garden tools to my brother-in-law, Buster Jenkins.'

SAMPLE LEGAL CASES

Tzolis v. Wolff

... Chancellor Walworth applied to a joint stock corporation â€” then a fairly new kind of entity â€” a familiar principle of the law of trusts: that a beneficiary (or "cestui que trust") could bring suit on behalf of a trust when a faithless trustee refused to do so. ...

IN THE MATTER OF DE SANCHEZ

... In 1927, two years before the Great Depression, Elizabeth Laurent de Sanchez, whose family owned a sugar plantation in Cuba, set up seven inter vivos trusts for the benefit of her six childrenâ€”Emilio (two trusts in his name), Jorge, Julio, Marcelo, Maria and Gabriela. ...

Matter of Mergenhagen

... as appealed from is unanimously reversed on the law without costs, 1487 the petitions are granted in part, the termination of trust dated October 10, 1994 is vacated, respondent David M. Mergenhagen is removed as trustee from the 1991 and 1994 irrevocable trusts, he is ...

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Rush Trusts Lawyer, New York

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Jacqueline A. Constantino

David Christopher Sieling

Jacqueline A. Constantino

Eugene Michael O'Connor

David Michael Mehalick

Amanda Heusner Klier

Kenneth Roland Kraus

Katharine Michelle Felluca

Frank Samuel Hagelberg

Adam Brunner

TIPS

LEGAL TERMS

QTIP TRUST

DISTRIBUTEE

INCOMPETENCE

LIVING TRUST

ACCUMULATION TRUST

TITLE COMPANY

RESIDUARY ESTATE

LAPSE

BEQUEATH

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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