Sonyea Estate Lawyer, New York, page 7

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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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Sherman Feldman Levey

Real Estate, Estate, Banking & Finance, Personal Injury

Status: In Good Standing Licensed: 66 Years

CONTACT

145 Culver Road, Rochester, NY 14620

Cecily Fuhr

Wills, Estate Planning, Employment Discrimination, Civil Rights

Status: In Good Standing Licensed: 21 Years

CONTACT

5 Rundel Park, Rochester, NY 14607

Raymond Thompson Gilman

Commercial Real Estate, Estate Planning, Estate, Elder Law

Status: In Good Standing Licensed: 48 Years

CONTACT

1900 Bausch And Lomb Pl, Rochester, NY 14604

Thomas Jay Solomon

Other, Commercial Real Estate, Estate Planning, Elder Law

Status: In Good Standing Licensed: 57 Years

CONTACT

400 W Metro Park, Rochester, NY 14623

John Nacca

Divorce & Family Law, Estate, Real Estate, Criminal, Business

Status: In Good Standing Licensed: 39 Years

CONTACT

30 W Broad St, Rochester, NY 14614

Raymond Bernard O'Neill

General Practice

Status: In Good Standing Licensed: 47 Years

CONTACT

290 Linden Oaks, Rochester, NY 14625

William La Forte

Commercial Real Estate, Estate Planning

Status: In Good Standing Licensed: 50 Years

CONTACT

2 State St, Rochester, NY 14614

Stephen H. Waite

Trusts, Estate, Corporate, Banking & Finance

Status: In Good Standing Licensed: 64 Years

CONTACT

300 Bausch And Lomb Pl, Rochester, NY 14604

Stanley Arthur Gordon

Commercial Real Estate, Estate Administration, Estate Planning, Corporate

Status: In Good Standing Licensed: 61 Years

CONTACT

2 State Street, Rochester, NY 14614

Daniel Herbert Overbeck

Advertising, Trusts, Estate Planning, Estate

Status: In Good Standing Licensed: 50 Years

CONTACT

300 Bausch And Lomb Pl, Rochester, NY 14604

800-923-0641

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LEGAL TERMS

SUMMARY PROBATE

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are ... (more...)

A relatively simple probate proceeding available for 'small estates,' as that term is defined by state law. Every state's definition is different, and many are complicated, but a few examples include estates worth up to $100,000 in California; New York estates where property, excluding real estate and amounts that must be set aside for surviving family members, is worth $20,000 or less; and Texas estates where the value of property doesn't exceed what is needed to pay a family allowance and certain creditors.

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).

HEIR APPARENT

One who expects to be receive property from the estate of a family member, as long as she outlives that person.

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.'

PROVING A WILL

Convincing a probate court that a document is truly the deceased person's will. Usually this is a simple formality that the executor or administrator easily sat... (more...)

Convincing a probate court that a document is truly the deceased person's will. Usually this is a simple formality that the executor or administrator easily satisfies by showing that the will was signed and dated by the deceased person in front of two or more witnesses. When the will is holographic -- that is, completely handwritten by the deceased and not witnessed, it is still valid in many states if the executor can produce relatives and friends to testify that the handwriting is that of the deceased.

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.'

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.

QDOT TRUST

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spo... (more...)

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spouse. QDOT stands for qualified domestic trust.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

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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Sonyea Estate Lawyer, New York, page 7

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Sherman Feldman Levey

Cecily Fuhr

Raymond Thompson Gilman

Thomas Jay Solomon

John Nacca

Raymond Bernard O'Neill

William La Forte

Stephen H. Waite

Stanley Arthur Gordon

Daniel Herbert Overbeck

TIPS

LEGAL TERMS

SUMMARY PROBATE

CHARITABLE TRUST

HEIR APPARENT

INCOMPETENCE

PROVING A WILL

LIVING TRUST

LAPSE

QDOT TRUST

GENERATION-SKIPPING TRANSFER TAX

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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