Walton 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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Gary A. Rosa

Wills, Wills & Probate, Trusts, Corporate

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CONTACT

835 Main Street, Margaretville, NY 12455

Gordon E Thompson

Real Estate, Wills & Probate, Trusts, Divorce & Family Law

Status: Licensed: 49 Years

CONTACT

19 Chenango St, Binghamton, NY 13901

Alexandra Norton Sullivan

Residential Real Estate, Wills, Trusts, Commercial Bankruptcy

Status: Licensed: 9 Years

CONTACT

80 Exchange St, Binghamton, NY 13901

Catherine Rose Faughnan

Contract, Family Law, Trusts, Commercial Real Estate

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12 Ardsley Rd, Binghamton, NY 13904

James M. Hayes

Elder Law, Non-profit, Estate, Wills & Probate, Trusts

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700 Security Mutual Building, Binghamton, NY 13901

Debra Jean Cohn

Trusts, Divorce, Divorce & Family Law, Elder Law

Status: Licensed: 17 Years

CONTACT

68 Oak St, Binghamton, NY 13905

Thomas J. Hickey

Estate, Wills & Probate, Trusts, Real Estate, Litigation

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700 Security Mutual Building, Binghamton, NY 13902

Martin Joseph Kane

Elder Law, Guardianships & Conservatorships, Estate, Wills & Probate, Trusts

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CONTACT

700 Security Mutual Building, Binghamton, NY 13901

John C. Rosekrans

Wills & Probate, Trusts, Estate, Real Estate, Tax

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CONTACT

700 Security Mutual Building, Binghamton, NY 13901

John R. Bedosky

Estate, Wills & Probate, Trusts, Elder Law, Non-profit

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CONTACT

700 Security Mutual Building, Binghamton, NY 13901

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.

SUCCESSOR TRUSTEE

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

HEIR APPARENT

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

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.

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.

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.

ABSTRACT OF TRUST

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract... (more...)

A condensed version of a living trust document, which leaves out details of what is in the trust and the identity of the beneficiaries. You can show an abstract of trust to a financial organization or other institution to prove that you have established a valid living trust, without revealing specifics that you want to keep private. In some states, this document is called a 'certification of trust.'

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.

DISCHARGE (OF PROBATE ADMINISTRATOR)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties hav... (more...)

A court order releasing the administrator or executor from any further duties connected with the probate of an estate. This typically occurs when the duties have been completed but may happen sooner if the executor or administrator wishes to withdraw or is dismissed.

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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Walton Trusts Lawyer, New York

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Gary A. Rosa

Gordon E Thompson

Alexandra Norton Sullivan

Catherine Rose Faughnan

James M. Hayes

Debra Jean Cohn

Thomas J. Hickey

Martin Joseph Kane

John C. Rosekrans

John R. Bedosky

TIPS

LEGAL TERMS

SUMMARY PROBATE

SUCCESSOR TRUSTEE

HEIR APPARENT

WILL

GENERATION-SKIPPING TRUST

QTIP TRUST

ABSTRACT OF TRUST

FINAL BENEFICIARY

DISCHARGE (OF PROBATE ADMINISTRATOR)

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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