Long Island City Trusts Lawyer, New York, page 5

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Robert Klipstein
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Ballon Stoll PC
810 7th Ave Suite 405 New York, NY 10019» view map
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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
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Donald G. Koch

Wills & Probate, Bankruptcy, Trusts, Estate Planning

Status: Licensed: 53 Years

CONTACT

26 Broadway, New York, NY 10004

Joel Drucker

Wills & Probate, Trusts, Estate Planning, Estate, Civil Rights

Status:

CONTACT

90 Broad St, New York, NY 10004

S.J. Khalsa

Living Wills, Trusts, Estate, Civil & Human Rights

Status:

CONTACT

873 Broadway, New York, NY 10003

Keith Robert Harden

Immigration, Wills, Trusts, Family Law

Status: Licensed: 13 Years

CONTACT

1095 Avenue Of The Americas, New York, NY 10036

H Sujin Kim

Trusts, Estate, Criminal

Status: Licensed: 26 Years

CONTACT

1000 5Th Ave, New York, NY 10028

Lisa Diane Gurwitch

Trusts

Status: Licensed: 40 Years

CONTACT

229 W 60Th St, New York, NY 10023

Ingrid E. Morning

Reorganization, Estate Planning, Trusts, Estate

Status:

CONTACT

88 Pine Street, New York, NY 10005

Alex Kendall Ross

Construction, Trusts, Insurance, Credit & Debt

Status: Licensed: 23 Years

CONTACT

845 3Rd Ave, New York, NY 10022

Janis Lynn Mcdonagh

Trusts

Status: Licensed: 34 Years

CONTACT

750 3Rd Avenue, New York, NY 10017

Lyonel E. Zunz

Trusts, Corporate, Business & Trade

Status: Licensed: 80 Years

CONTACT

405 Lexington Avenue, New York, NY 10174

800-814-6700

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LEGAL TERMS

CERTIFICATION OF TRUST

See abstract of trust.

INVENTORY

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or admini... (more...)

A complete listing of all property owned by a deceased person at the time of death. The inventory is filed with the court during probate. The executor or administrator of the estate is responsible for making and filing the inventory.

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.

PROBATE COURT

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate cour... (more...)

A specialized court or division of a state trial court that considers only cases concerning the distribution of deceased persons' estate. Called 'surrogate court' in New York and several other states, this court normally examines the authenticity of a will -- or if a person dies intestate, figures out who receives her property under state law. It then oversees a procedure to pay the deceased person's debts and to distribute her assets to the proper inheritors. See probate.

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.

DISINHERIT

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit prope... (more...)

To deliberately prevent someone from inheriting something. This is usually done by a provision in a will stating that someone who would ordinarily inherit property -- a close family member, for example -- should not receive it. In most states, you cannot completely disinherit your spouse; a surviving spouse has the right to claim a portion (usually one-third to one-half) of the deceased spouse's estate. With a few exceptions, however, you can expressly disinherit children.

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.

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.

ESTATE PLANNING

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your... (more...)

The art of continuing to prosper when you're alive, and passing your property to your loved ones with a minimum of fuss and expense after you die. Planning your estate may involve making a will, living trust, healthcare directives, durable power of attorney for finances or other documents.

SAMPLE LEGAL CASES

Tzolis v. Wolff

... Chancellor Walworth applied to a joint stock corporation â€” then a fairly new kind of entity â€” a familiar principle of the law of trusts: that a beneficiary (or "cestui que trust") could bring suit on behalf of a trust when a faithless trustee refused to do so. ...

IN THE MATTER OF DE SANCHEZ

... In 1927, two years before the Great Depression, Elizabeth Laurent de Sanchez, whose family owned a sugar plantation in Cuba, set up seven inter vivos trusts for the benefit of her six childrenâ€”Emilio (two trusts in his name), Jorge, Julio, Marcelo, Maria and Gabriela. ...

Matter of Mergenhagen

... as appealed from is unanimously reversed on the law without costs, 1487 the petitions are granted in part, the termination of trust dated October 10, 1994 is vacated, respondent David M. Mergenhagen is removed as trustee from the 1991 and 1994 irrevocable trusts, he is ...

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Long Island City Trusts Lawyer, New York, page 5

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Donald G. Koch

Joel Drucker

S.J. Khalsa

Keith Robert Harden

H Sujin Kim

Lisa Diane Gurwitch

Ingrid E. Morning

Alex Kendall Ross

Janis Lynn Mcdonagh

Lyonel E. Zunz

TIPS

LEGAL TERMS

CERTIFICATION OF TRUST

INVENTORY

ALTERNATE BENEFICIARY

PROBATE COURT

FINAL BENEFICIARY

DISINHERIT

CONTINGENT BENEFICIARY

SPECIFIC BEQUEST

ESTATE PLANNING

SAMPLE LEGAL CASES

Tzolis v. Wolff

IN THE MATTER OF DE SANCHEZ

Matter of Mergenhagen

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