Schuyler County, NY Trusts Lawyers

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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
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Jessica Saks

Litigation, Estate, Divorce & Family Law, Criminal

Status: In Good Standing

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3333 County Road 30, Watkins Glen, NY 14891

Stewart E. Mcdivitt

General Practice

Status: In Good Standing Licensed: 51 Years

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Route 14 And Ayers, Montour Falls, NY 14865

Steven James Harrold

General Practice

Status: In Good Standing Licensed: 28 Years

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8117 West Manchester Ave, Burdett, NY 14818

Jessica Megan Saks

Traffic, Estate, Divorce & Family Law, Criminal

Status: In Good Standing Licensed: 14 Years

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611 N Franklin St, Watkins Glen, NY 14891

Robert L. Halpin

General Practice

Status: In Good Standing Licensed: 23 Years

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4588 State Route 224, Montour Falls, NY 14865

John Carroll Thomas Hayes

Divorce & Family Law, Criminal

Status: In Good Standing Licensed: 39 Years

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2481 Texas Hollow Rd, Odessa, NY 14869

Joseph Gregory Fazzary

General Practice

Status: In Good Standing Licensed: 32 Years

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105 9Th St, Watkins Glen, NY 14891

Kristin Elizabeth Hazlitt

General Practice

Status: In Good Standing Licensed: 34 Years

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105 9Th St, Watkins Glen, NY 14891

J Cameron Argetsinger

General Practice

Status: In Good Standing Licensed: 37 Years

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105 N Genesee St, Montour Falls, NY 14865

Michael Edward Nyre

International, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 14 Years

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300 Steuben St, Watkins Glen, NY 14891

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LEGAL TERMS

SPENDTHRIFT TRUST

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the benefi... (more...)

A trust created for a beneficiary the grantor considers irresponsible about money. The trustee keeps control of the trust income, doling out money to the beneficiary as needed, and sometimes paying third parties (creditors, for example) on the beneficiary's behalf, bypassing the beneficiary completely. Spendthrift trusts typically contain a provision prohibiting creditors from seizing the trust fund to satisfy the beneficiary's debts. These trusts are legal in most states, even though creditors hate them.

ALTERNATE BENEFICIARY

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to ... (more...)

A person, organization or institution that receives property through a will, trust or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his will Jake leaves his collection of sheet music to his daughter, Mia, and names the local symphony as alternate beneficiary. When Jake dies, Mia decides that the symphony can make better use of the sheet music than she can, so she refuses (disclaims) the gift, and the manuscripts pass directly to the symphony. In insurance law, the alternate beneficiary, usually the person who receives the insurance proceeds because the initial or primary beneficiary has died, is called the secondary or contingent beneficiary.

WARRANTY DEED

A seldom-used type of deed that contains express assurances about the legal validity of the title being transferred.

CERTIFICATION OF TRUST

See abstract of trust.

GROSS ESTATE

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of prob... (more...)

For federal estate tax filing purposes, the total of all property owned at death, without regard to any debts or liens against the property or the costs of probate. Taxes are due only on the value of the property the person actually owned (the net estate) plus the amount of any taxable gifts made during life. In a few states, the gross estate is used when computing attorney fees for probating estates; the lawyer gets a percentage of the gross estate.

INTESTATE SUCCESSION

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest s... (more...)

The method by which property is distributed when a person dies without a valid will. Each state's law provides that the property be distributed to the closest surviving relatives. In most states, the surviving spouse, children, parents, siblings, nieces and nephews, and next of kin inherit, in that order.

PROPERTY CONTROL TRUST

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who ha... (more...)

Any trust that imposes limits or controls over the rights of trust beneficiaries. These trusts include (1) special needs trusts designed to assist people who have special physical, emotional or other requirements, (2) spendthrift trusts designed to prevent a beneficiary from wasting the trust principal; and (3) sprinkling trusts that allow the trustee to decide how to distribute trust income or principal among the beneficiaries.

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.

KINDRED

Under some state's probate codes, all relatives of a deceased person.

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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Schuyler County, NY Trusts Lawyers

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Jessica Saks

Stewart E. Mcdivitt

Steven James Harrold

Jessica Megan Saks

Robert L. Halpin

John Carroll Thomas Hayes

Joseph Gregory Fazzary

Kristin Elizabeth Hazlitt

J Cameron Argetsinger

Michael Edward Nyre

TIPS

LEGAL TERMS

SPENDTHRIFT TRUST

ALTERNATE BENEFICIARY

WARRANTY DEED

CERTIFICATION OF TRUST

GROSS ESTATE

INTESTATE SUCCESSION

PROPERTY CONTROL TRUST

GENERATION-SKIPPING TRUST

KINDRED

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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