Wainscott Estate 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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David E. Eagan

Immigration, Wills & Probate, Trusts, Child Custody

Status: In Good Standing

CONTACT

30 Old Montauk Highway, Wainscott, NY 11975

Robert Alexander Hulten

Foreclosure, Dispute Resolution, Immigration, Trusts

Status: In Good Standing Licensed: 51 Years

CONTACT

Sagaponack, NY 11962

Janine M Rayano

Real Estate, Estate, Divorce & Family Law

Status: In Good Standing Licensed: 39 Years

CONTACT

Sagaponack, NY 11962

Adam Matthew Miller

Real Estate, Estate, Commercial Real Estate

Status: In Good Standing Licensed: 29 Years

CONTACT

2462 Main St, Bridgehampton, NY 11932

Adam Matthew Miller

Real Estate, Estate, Commercial Real Estate

Status: In Good Standing Licensed: 29 Years

CONTACT

2462 Main St, Bridgehampton, NY 11932

Robert Henry Kouffman

Construction, Real Estate, Lawsuit & Dispute, Immigration, Estate

Status: In Good Standing Licensed: 42 Years

CONTACT

2411 Main St, Bridgehampton, NY 11932

Mark Steven Seidenfeld

International Tax, Art, Trusts, Business Organization

Status: In Good Standing Licensed: 45 Years

CONTACT

Bridgehampton, NY 11932

John T. Mcgowan

Real Estate, Estate, Business

Status: In Good Standing Licensed: 52 Years

CONTACT

135 Main St, East Hampton, NY 11937

James J. Lynch

Private Schools, Commercial Real Estate, Wills, Civil Rights

Status: In Good Standing Licensed: 56 Years

CONTACT

7 Muchmore Lane, East Hampton, NY 11937

Sean James Conway

Lawsuit & Dispute, Government, Estate, Accident & Injury

Status: In Good Standing Licensed: 30 Years

CONTACT

7 Muchmore Lane, East Hampton, NY 11937

800-923-0641

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LEGAL TERMS

TRUST MERGER

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separati... (more...)

Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust 'merges' and ceases to exist.

FUNDING A TRUST

Transferring ownership of property to a trust.

TRUSTEE POWERS

The provisions in a trust document defining what the trustee may and may not do.

ESTATE TAXES

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and... (more...)

Taxes imposed by the state or federal government on property as it passes from the dead to the living. All property you own, whatever the form of ownership, and whether or not it goes through probate after your death, is subject to federal estate tax. Currently, however, federal estate tax is due only if your property is worth at least $2 million when you die. The estate tax is scheduled to be repealed for one year, in 2010, but Congress will probably make the repeal (or a very high exempt amount) permanent. Any property left to a surviving spouse (if he or she is a U.S. citizen) or a tax-exempt charity is exempt from federal estate taxes. Many states now also impose their own estate taxes or inheritance taxes.

INHERIT

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will... (more...)

To receive property from someone who has died. Traditionally, the word 'inherit' applied only when one received property from a relative who died without a will. Currently, however, the word is used whenever someone receives property from the estate of a deceased person.

DISTRIBUTEE

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (ca... (more...)

(1) Anyone who receives something. Usually, the term refers to someone who inherits a deceased person's property. If the deceased person dies without a will (called intestate), state law determines what each distributee will receive. Also called a beneficiary.

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.

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.

CREDIT SHELTER TRUST

See AB trust.

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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Wainscott Estate Lawyer, New York

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

David E. Eagan

Robert Alexander Hulten

Janine M Rayano

Adam Matthew Miller

Adam Matthew Miller

Robert Henry Kouffman

Mark Steven Seidenfeld

John T. Mcgowan

James J. Lynch

Sean James Conway

TIPS

LEGAL TERMS

TRUST MERGER

FUNDING A TRUST

TRUSTEE POWERS

ESTATE TAXES

INHERIT

DISTRIBUTEE

PER STIRPES

GROSS ESTATE

CREDIT SHELTER TRUST

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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