Walker Valley Trusts 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
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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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Mindy Menke

Wills & Probate, Government Agencies, Wills, Trusts

Status: In Good Standing

CONTACT

10 Matthews Street, Goshen, NY 10924

Ronald Jay Cohen

Tax, Real Estate, Trusts, Employment

Status: In Good Standing Licensed: 44 Years

CONTACT

40 Matthews St, Goshen, NY 10924

Charles A. Judelson

Real Estate, Trusts, Wills & Probate

Status: In Good Standing Licensed: 57 Years

CONTACT

10 Matthews St, Goshen, NY 10924

Stewart Parks Glenn

Estate Administration, Wills & Probate, Trusts, Estate Planning

Status: In Good Standing Licensed: 49 Years

CONTACT

372 S Plank Rd, Newburgh, NY 12550

George F. Stradar

Business, Estate Planning, Corporate, Real Estate, Trusts

Status: In Good Standing

CONTACT

One Corwin Ct, Newburgh, NY 12550

Elizabeth A. Stradar

Business, Estate Planning, Corporate, Real Estate, Trusts

Status: In Good Standing

CONTACT

One Corwin Court, Newburgh, NY 12550

Daniel F. Sullivan

Real Estate, Trusts, Employment Discrimination, Banking & Finance

Status: In Good Standing Licensed: 34 Years

CONTACT

1 Corwin Ct, Newburgh, NY 12550

S Richard Gross

Reinsurance, Personal Injury, Commercial Real Estate, Trusts

Status: In Good Standing Licensed: 67 Years

CONTACT

9 Maple St, Liberty, NY 12754

800-923-0641

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LEGAL TERMS

LIFE BENEFICIARY

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

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.

MARITAL LIFE ESTATE TRUST

See AB trust.

GENERATION-SKIPPING TRUST

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income fro... (more...)

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income from the trust. Because the children (the middle generation) never legally own the property, it isn't subject to estate tax at their death. See generation-skipping transfer tax.

DISINHERIT

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit prope... (more...)

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit property -- a close family member, for example -- should not receive it. In most states, you cannot completely disinherit your spouse; a surviving spouse has the right to claim a portion (usually one-third to one-half) of the deceased spouse's estate. With a few exceptions, however, you can expressly disinherit children.

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.

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.

SPRINKLING TRUST

A trust that gives the person managing it (the trustee) the discretion to disburse its funds among the beneficiaries in any way he or she sees fit.

SELF-PROVING WILL

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-prov... (more...)

A will that is created in a way that allows a probate court to easily accept it as the true will of the person who has died. In most states, a will is self-proving when two witnesses sign under penalty of perjury that they observed the willmaker sign it and that he told them it was his will. If no one contests the validity of the will, the probate court will accept the will without hearing the testimony of the witnesses or other evidence. To make a self-proving will in other states, the willmaker and one or more witnesses must sign an affidavit (sworn statement) before a notary public certifying that the will is genuine and that all willmaking formalities have been observed.

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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Walker Valley Trusts Lawyer, New York

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Mindy Menke

Ronald Jay Cohen

Charles A. Judelson

Stewart Parks Glenn

George F. Stradar

Elizabeth A. Stradar

Daniel F. Sullivan

S Richard Gross

TIPS

LEGAL TERMS

LIFE BENEFICIARY

QTIP TRUST

MARITAL LIFE ESTATE TRUST

GENERATION-SKIPPING TRUST

DISINHERIT

ABATEMENT

QDOT TRUST

SPRINKLING TRUST

SELF-PROVING WILL

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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