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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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Richard S. Brovitz

Estate Planning, Corporate, Business Organization, Banking & Finance

Status:

CONTACT

295 Woodcliff Dr., Fairport, NY 14450

John P. Morell

Real Estate, Government, Estate, Business

Status: Licensed: 28 Years

CONTACT

224 E Main St, Palmyra, NY 14522

Richard Allen Leszyk

Real Estate, Estate, Criminal, Business

Status: Licensed: 36 Years

CONTACT

322 Ridge Rd, Ontario, NY 14519

James Isaac Depoint

Real Estate, Estate, Divorce & Family Law, Criminal

Status: Licensed: 53 Years

CONTACT

1706 Palmyra Marion Rd, Palmyra, NY 14522

John Lindsay Grow

Estate, Divorce & Family Law, Civil & Human Rights, Bankruptcy

Status: Licensed: 32 Years

CONTACT

6431 State Route 21, Williamson, NY 14589

Julie M. Grogan

Government, Estate, Employment, Business

Status: Licensed: 26 Years

CONTACT

49 Valley Brook Dr, Fairport, NY 14450

Jason Michael Griffith Essley

Education, Dispute Resolution, Estate, Employee Rights

Status: Licensed: 16 Years

CONTACT

60 Clarkes Xing, Fairport, NY 14450

Timothy Pellittiere

International, Estate, Elder Law, Civil & Human Rights

Status:

CONTACT

441 Penbrooke Dr, Penfield, NY 14526

Kristin S Jonsson

Estate, Divorce & Family Law, Elder Law, Civil & Human Rights

Status:

CONTACT

441 Penbrooke Dr, Penfield, NY 14526

Kirsten W. Lamb

Wills & Probate, Estate Planning

Status:

CONTACT

421 Penbrooke Drive, Penfield, NY 14526

800-923-0641

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LEGAL TERMS

SURVIVING SPOUSE'S TRUST

If a couple has created an AB trust, the revocable living trust (Trust B) of the surviving spouse, after the first spouse has died.

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.

FAILURE OF ISSUE

A situation in which a person dies without children who could have inherited her property.

TRUST DEED

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to... (more...)

The most common method of financing real estate purchases in California (most other states use mortgages). The trust deed transfers the title to the property to a trustee -- often a title company -- who holds it as security for a loan. When the loan is paid off, the title is transferred to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can sell the property and pay the lender from the proceeds.

TESTAMENTARY TRUST

A trust created by a will, effective only upon the death of the willmaker.

CONTINGENT BENEFICIARY

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisf... (more...)

1) An alternate beneficiary named in a will, trust or other document. 2) Any person entitled to property under a will if one or more prior conditions are satisfied. For example, if Fred is entitled to take property under a will only if he's married at the time of the will maker's death, Fred is a contingent beneficiary. Similarly, if Ellen is named to receive a house only in the event her mother, who has been named to live in the house, moves out of it, Ellen is a contingent beneficiary.

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.

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

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

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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Walworth Estate Lawyer, New York

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Richard S. Brovitz

John P. Morell

Richard Allen Leszyk

James Isaac Depoint

John Lindsay Grow

Julie M. Grogan

Jason Michael Griffith Essley

Timothy Pellittiere

Kristin S Jonsson

Kirsten W. Lamb

TIPS

LEGAL TERMS

SURVIVING SPOUSE'S TRUST

QTIP TRUST

FAILURE OF ISSUE

TRUST DEED

TESTAMENTARY TRUST

CONTINGENT BENEFICIARY

SPRINKLING TRUST

AB TRUST

IN TERROREM

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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