Bowmansville Estate Lawyer, New York, page 3

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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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Peter P. Vasilion

Real Estate, Estate, Divorce & Family Law

Status: Licensed: 24 Years

CONTACT

8845 Sheridan Dr, Buffalo, NY 14221

William Charles Moran

Dispute Resolution, Immigration, Wills & Probate, Estate

Status:

CONTACT

6500 Main St, Buffalo, NY 14221

Mark Andrew Baehre

Estate, Elder Law

Status: Licensed: 38 Years

CONTACT

8604 Main St, Buffalo, NY 14221

Alice Accola Joseffer

Environmental Law Other, Employee Rights, Family Law, Banking & Finance, Trusts

Status: Licensed: 41 Years

CONTACT

41 N Woodside Ln, Buffalo, NY 14221

Michael C. Wild

Real Estate, Lawsuit & Dispute, Estate, Business, Estate Planning

Status: Licensed: 14 Years

CONTACT

17 Beresford Ct, Buffalo, NY 14221

Lisa J. Allen

Medicare & Medicaid, Estate Planning, Guardianships & Conservatorships, Elder Law, Immigration

Status: Licensed: 34 Years

CONTACT

2805 Wehrle Dr, Buffalo, NY 14221

Raymond P Kot

Dispute Resolution, Wills & Probate, Divorce, Insurance

Status: Licensed: 28 Years

CONTACT

336 Harris Hill Road, Buffalo, NY 14221

Elpiniki M. Bechakas

Power of Attorney, Motor Vehicle, Estate, Employment

Status: Licensed: 34 Years

CONTACT

7954 Transit Rd, Buffalo, NY 14221

Thomas Francis Keefe

Commercial Real Estate, Estate Planning, DUI-DWI, Contract, Criminal

Status: Licensed: 32 Years

CONTACT

4455 Transit Rd, Buffalo, NY 14221

Thomas Whissel

Estate, Business

Status: Licensed: 58 Years

CONTACT

354 Cayuga Rd, Buffalo, NY 14225

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.

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.

CHARITABLE TRUST

Any trust designed to make a substantial gift to a charity and also achieve income and estate tax savings for the person who creates the trust (the grantor).

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.

CURATOR

See conservator.

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.

ENDOWMENT INSURANCE

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death.... (more...)

Provides that an insured person who lives for the specified endowment period receives the face value of the insurance policy--that is, the amount paid at death. If the policy-holder dies sooner, the beneficiary named in the policy receives the proceeds.

BYPASS TRUST

A trust designed to lessen a family's overall estate tax liability. An AB trust is the most popular kind of bypass trust.

INVESTOR

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes invest... (more...)

A person who makes investments. An investor may act either for herself or on behalf of others. A stock broker or mutual fund manager, for instance, makes investments for others who have entrusted her with their money.

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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Bowmansville Estate Lawyer, New York, page 3

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Peter P. Vasilion

William Charles Moran

Mark Andrew Baehre

Alice Accola Joseffer

Michael C. Wild

Lisa J. Allen

Raymond P Kot

Elpiniki M. Bechakas

Thomas Francis Keefe

Thomas Whissel

TIPS

LEGAL TERMS

TRUST MERGER

SPENDTHRIFT TRUST

CHARITABLE TRUST

ESTATE TAXES

CURATOR

PER STIRPES

ENDOWMENT INSURANCE

BYPASS TRUST

INVESTOR

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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