Uniondale Estate Planning 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
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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Includes: Gift Taxation

Laura G Grossman

Estate Planning, Real Estate, Trusts, Wills

Status: In Good Standing

FREE CONSULTATION

CONTACT

600 Old Country Road, Room 519, Garden City, NY 11530

Michael N. Balsamo

Estate Planning, Corporate, Contract, Business Organization

Status: In Good Standing

CONTACT

1325 Franklin Avenue, Garden City, NY 11530

James L. Iannone

Real Estate, Litigation, Estate Planning, Criminal

Status: In Good Standing

CONTACT

421 Willis Ave., Williston Park, NY 11596

Jasleen Kaur Anand

Dispute Resolution, Banking & Finance, Estate Administration, Estate Planning

Status: In Good Standing

CONTACT

500 Old Country Road, Garden City, NY 11530

John Martin Bigler

Real Estate, Elder Law, Estate Planning

Status: In Good Standing Licensed: 47 Years

CONTACT

1421 Wantagh Ave, Wantagh, NY 11793

James J. Keefe

Estate Planning, Elder Law, Civil Rights, Corporate

Status: In Good Standing Licensed: 54 Years

CONTACT

1225 Franklin Ave, Garden City, NY 11530

Marie Elena R. Puma

Real Estate, Trusts, Estate Planning, Elder Law

Status: In Good Standing Licensed: 33 Years

CONTACT

100 Quentin Roosevelt Blvd, Garden City, NY 11530

Ellen G. Makofsky

Estate Administration, Gift Taxation, Elder Law, Disability

Status: In Good Standing Licensed: 39 Years

CONTACT

600 Old Country Rd, Garden City, NY 11530

Louis Devito

Elder Law, Estate Planning, Guardianships & Conservatorships, Commercial Real Estate

Status: In Good Standing

CONTACT

333 Earle Ovington Boulevard, Uniondale, NY 11553

Andrew Lee Feldman

Estate Planning, Elder Law, Corporate, Banking & Finance

Status: In Good Standing Licensed: 38 Years

CONTACT

263 Mineola Blvd, Mineola, NY 11501

800-923-0641

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LEGAL TERMS

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

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.

BEQUEATH

A legal term sometimes used in wills that means 'leave' -- for example, 'I bequeath my garden tools to my brother-in-law, Buster Jenkins.'

TRUSTEE

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income ... (more...)

The person who manages assets owned by a trust under the terms of the trust document. A trustee's purpose is to safeguard the trust and distribute trust income or principal as directed in the trust document. With a simple probate-avoidance living trust, the person who creates the trust is also the trustee.

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.

POUR-OVER WILL

A will that 'pours over' property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.

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.

SURROGATE COURT

See probate court.

PER STIRPES

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. F... (more...)

Under a will, a method of determining who inherits property when a joint beneficiary has died before the willmaker, leaving living children of his or her own. For example, Fred leaves his house jointly to his son Alan and his daughter Julie. But Alan dies before Fred, leaving two young children. If Fred's will states that heirs of a deceased beneficiary are to receive the property 'per stirpes,' Julie will receive one-half of the property, and Alan's two children will share his half in equal shares (through Alan by right of representation). If, on the other hand, Fred's will states that the property is to be divided per capita, Julie and the two grandchildren will each take a third.

SAMPLE LEGAL CASES

Schneider v. Finmann

... maintain an action for legal malpractice. We now reverse and reinstate plaintiff's claim. Strict privity, as applied in the context of estate planning malpractice actions, is a minority rule in the United States. [1] In New York, a third ...

Fielding v. Kupferman

... The documents at issue in Bishop were estate planning instruments executed by the plaintiff who believed that he was giving his wife a life estate and was not limiting his access to his life savings (Bishop, 33 AD3d 497, 501 [2006], affd 9 NY3d 910 [2007]). ...

Kram Knarf, LLC v. Djonovic

... The client's malpractice complaint was silent as to how the attorneys misled him, what they failed to explain to him concerning the estate planning documents he executed, and which of his instructions those documents did not reflect (33 AD3d at 498-499). ...

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Uniondale Estate Planning Lawyer, New York

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Laura G Grossman

Michael N. Balsamo

James L. Iannone

Jasleen Kaur Anand

John Martin Bigler

James J. Keefe

Marie Elena R. Puma

Ellen G. Makofsky

Louis Devito

Andrew Lee Feldman

TIPS

LEGAL TERMS

RESIDUARY BENEFICIARY

FINAL BENEFICIARY

BEQUEATH

TRUSTEE

CONTINGENT BENEFICIARY

POUR-OVER WILL

TRUST DEED

SURROGATE COURT

PER STIRPES

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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