La Fayette Estate Lawyer, New York, page 2

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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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Judy L. Plumley

Real Estate, Health Care, Government, Estate

Status: Licensed: 32 Years

CONTACT

7844 Cahill Rd, Manlius, NY 13104

Karen Karhar Martin

Trusts, Family Law, Contract, Bankruptcy, International Tax

Status: Licensed: 23 Years

CONTACT

4874 Onondaga Rd, Syracuse, NY 13215

Kathleen Walsh Infanti

Real Estate, Estate, Divorce & Family Law

Status: Licensed: 22 Years

CONTACT

3600 Griffin Rd, Syracuse, NY 13215

Lauren M. Luzinski

Wills & Probate, Criminal, Civil Rights

Status: Licensed: 17 Years

CONTACT

104 Pleasant St, Manlius, NY 13104

Matthew Roscoe Neuman

Real Estate, International, Estate, Civil & Human Rights

Status: Licensed: 24 Years

CONTACT

397 State Route 281, Tully, NY 13159

Michael S. Welch

Real Estate, Estate, Accident & Injury, Workers' Compensation

Status: Licensed: 34 Years

FREE CONSULTATION

CONTACT

307 Kasson Rd., Camillus, NY 13031

Peter Edward Mclellan

Industry Specialties, Estate, Civil & Human Rights, Business

Status: Licensed: 32 Years

CONTACT

3900 Medical Center Dr, Fayetteville, NY 13066

Richard David Boyle

Real Estate, International, Estate, Criminal

Status: Licensed: 12 Years

CONTACT

4335 Croft Cir, Syracuse, NY 13215

Robert David Scolaro

Trusts, Family Law, Elder Law, Corporate

Status: Licensed: 24 Years

CONTACT

6832 E Genesee St, Fayetteville, NY 13066

Rosemary O. Nwawka

Real Estate, Immigration, Estate, Divorce & Family Law

Status: Licensed: 23 Years

CONTACT

7197 E Genesee St, Fayetteville, NY 13066

800-814-6700

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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.

ABATEMENT

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other exp... (more...)

A reduction. After a death, abatement occurs if the deceased person didn't leave enough property to fulfill all the bequests made in the will and meet other expenses. Gifts left in the will are cut back in order to pay taxes, satisfy debts or take care of other gifts that are given priority under law or by the will itself.

DEVISEE

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

WILL

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for you... (more...)

A document in which you specify what is to be done with your property when you die and name your executor. You can also use your will to name a guardian for your young children.

DEATH TAXES

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who... (more...)

Taxes levied at death, based on the value of property left behind. Federal death taxes are called estate taxes. Some states levy inheritance taxes on people who inherit property.

GENERATION-SKIPPING TRANSFER TAX

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 ... (more...)

A federal tax imposed on money placed in a generation-skipping trust. Currently, there is a $1 million exemption to the GSTT; that is, each person may leave $1 million in a generation-skipping trust free of this tax. The GSST is imposed when the middle-generation beneficiaries die and the property is transferred to the third-generation beneficiaries. Every dollar over $1 million is subject to the highest existing estate tax rate--currently 55%--at the time the GSTT tax is applied.

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.

INTESTATE

The condition of dying without a valid will. The probate court appoints an administrator to distribute the deceased person's property according to state law.

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.

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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La Fayette Estate Lawyer, New York, page 2

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Judy L. Plumley

Karen Karhar Martin

Kathleen Walsh Infanti

Lauren M. Luzinski

Matthew Roscoe Neuman

Michael S. Welch

Peter Edward Mclellan

Richard David Boyle

Robert David Scolaro

Rosemary O. Nwawka

TIPS

LEGAL TERMS

ALTERNATE BENEFICIARY

ABATEMENT

DEVISEE

WILL

DEATH TAXES

GENERATION-SKIPPING TRANSFER TAX

CONTINGENT BENEFICIARY

INTESTATE

TRUST MERGER

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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