Saranac Lake Trusts Lawyer, New York

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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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Miriam Cecile Hadden

Divorce & Family Law, Criminal, Estate, Medical Products & Devices

Status: In Good Standing Licensed: 20 Years

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7551 Court St, Elizabethtown, NY 12932

Scott Abrahamson

Wills & Probate, Environmental Law

Status: In Good Standing

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Ray Brook, NY 12977

Christopher Edwin Cooper

Real Estate, Government, Estate

Status: In Good Standing Licensed: 16 Years

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1133 Ny Route 86, Ray Brook, NY 12977

Jill Choate Beier

Estate Planning, Criminal, Civil & Human Rights, Bankruptcy

Status: In Good Standing Licensed: 19 Years

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1936 Saranac Ave, Lake Placid, NY 12946

Joel Philip Peller

Estate, Business

Status: In Good Standing Licensed: 31 Years

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2276 Saranac Ave, Lake Placid, NY 12946

Joel Philip Peller

Lawsuit & Dispute, Estate, Business

Status: In Good Standing Licensed: 31 Years

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2276 Saranac Ave, Lake Placid, NY 12946

Kirk Gagnier

Real Estate, International, Estate, Business

Status: In Good Standing

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51 Lake St, Tupper Lake, NY 12986

Gregory M. Dennin

Real Estate, Lawsuit & Dispute, Estate, Civil & Human Rights, Bankruptcy & Debt

Status: In Good Standing Licensed: 39 Years

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2745 Main St, Lake Placid, NY 12946

Edward B. Flink

Traffic, Litigation, Estate Planning, Products Liability, Personal Injury

Status: In Good Standing Licensed: 47 Years

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2577 Main St, Lake Placid, NY 12946

Carl J. Rubino

Real Estate, Industry Specialties, Estate, Accident & Injury

Status: In Good Standing Licensed: 51 Years

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Wilmington, NY 12997

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LEGAL TERMS

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.

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

SUCCESSOR TRUSTEE

The person or institution who takes over the management of trust property when the original trustee has died or become incapacitated.

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.'

POWER OF APPOINTMENT

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust o... (more...)

The legal authority to decide who will receive someone else's property, usually property held in a trust. Most trustees can distribute the income from a trust only according to the terms of the trust, but a trustee with a power of appointment can choose the beneficiaries, sometimes from a list of candidates specified by the grantor. For example, Karin creates a trust with power of appointment to benefit either the local art museum, symphony, library or park, depending on the trustee's assessment of need.

SURROGATE COURT

See probate court.

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.

ANCILLARY PROBATE

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are... (more...)

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are necessary if the deceased person owned real estate in another state.

IN TERROREM

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement... (more...)

Latin meaning 'in fear.' This phrase is used to describe provisions in contracts or wills meant to scare a person into complying with the terms of the agreement. For example, a will might state that an heir will forfeit her inheritance if she challenges the validity of the will. Of course, if the will is challenged and found to be invalid, then the clause itself is also invalid and the heir takes whatever she would have inherited if there were no will.

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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Saranac Lake Trusts Lawyer, New York

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Miriam Cecile Hadden

Scott Abrahamson

Christopher Edwin Cooper

Jill Choate Beier

Joel Philip Peller

Joel Philip Peller

Kirk Gagnier

Gregory M. Dennin

Edward B. Flink

Carl J. Rubino

TIPS

LEGAL TERMS

AUGMENTED ESTATE

LIFE BENEFICIARY

SUCCESSOR TRUSTEE

LIVING TRUST

POWER OF APPOINTMENT

SURROGATE COURT

RESIDUARY BENEFICIARY

ANCILLARY PROBATE

IN TERROREM

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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