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Robert Klipstein
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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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Stephen J. Singer

Criminal, Estate Planning, Family Law, Real Estate

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125-10 Queens Blvd, Kew Gardens, NY 11415

M. Joseph Levin

Wills & Probate, Elder Law, Estate Planning, Real Estate

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FREE CONSULTATION

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8626 Queens Boulevard, Elmhurst, NY 11373

Sidney G Sparrow

Criminal, Estate Planning, Family Law, Real Estate

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125-10 Queens Blvd, Kew Gardens, NY 11415

Margot L. Ludlam

Litigation, Living Wills, Estate Administration, Wills & Probate

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215-48 Jamaica Avenue, Queens Village, NY 11428

Robert B. Taylor

Personal Injury, Wills & Probate, Products Liability, Real Estate

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11821 Queens Boulevard, Forest Hills, NY 11375

Phil Napolitano

Business Organization, Wills & Probate, Real Estate, Wills

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1519 Castle Hill Avenue, Bronx, NY 10462

Massimo A. Santoli

International, Trusts, Estate Planning, Estate

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1010 Northern Blvd., Great Neck, NY 11021

Arfa Mahmud

Estate Planning, Trusts

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1010 Northern Blvd., Great Neck, NY 11021

John Belesi

Family Law, Antitrust, Estate Planning, Real Estate

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1111 Marcus Avenue, New Hyde Park, NY 11042

Bruce A. Blakeman

Banking & Finance, Estate Planning, Family Law, Real Estate

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1111 Marcus Avenue, New Hyde Park, NY 11042

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LEGAL TERMS

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.

GRANTOR

Someone who creates a trust. Also called a trustor or settlor.

TITLE COMPANY

A company that issues title insurance.

DEVISEE

A person or entity who inherits real estate under the terms of a will.

LAPSE

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. S... (more...)

Under a will, the failure of a gift of property. A gift lapses when the beneficiary dies before the person who made the will, and no alternate has been named. Some states have anti-lapse statutes, which prevent gifts to relatives of the deceased person from lapsing unless the relative has no heirs of his or her own. A lapsed gift becomes part of the residuary estate.

ACCUMULATION TRUST

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nic... (more...)

A trust in which the income is retained and not paid out to beneficiaries until certain conditions are met. For example, if Uncle Pierre creates a trust for Nick's benefit but stipulates that Nick will not get a penny until he gets a Ph.D. in French; Nick is the beneficiary of an accumulation trust.

CONSERVATOR

Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of th... (more...)

Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of the estate.' One who takes care of personal matters, such as healthcare and living arrangements, is known as a 'conservator of the person.' Sometimes, one conservator is appointed to handle all these tasks. Depending on where you live, a conservator may also be called a guardian, committee or curator.

SPECIFIC BEQUEST

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequ... (more...)

A specific item of property that is left to a named beneficiary under a will. If the person who made the will no longer owns the property when he dies, the bequest fails. In other words, the beneficiary cannot substitute a similar item in the estate. Example: If John leaves his 1954 Mercedes to Patti, and when John dies the 1954 Mercedes is long gone, Patti doesn't receive John's current car or the cash equivalent of the Mercedes. See ademption.

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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Flushing Estate Lawyer, New York, page 5

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Stephen J. Singer

M. Joseph Levin

Sidney G Sparrow

Margot L. Ludlam

Robert B. Taylor

Phil Napolitano

Massimo A. Santoli

Arfa Mahmud

John Belesi

Bruce A. Blakeman

TIPS

LEGAL TERMS

ALTERNATE BENEFICIARY

GRANTOR

TITLE COMPANY

DEVISEE

LAPSE

ACCUMULATION TRUST

CONSERVATOR

SPECIFIC BEQUEST

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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