Ridgewood Estate Planning Lawyer, New York, page 5

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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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Includes: Gift Taxation

Samit G Patel

Credit & Debt, Banking & Finance, Bankruptcy, Estate Planning

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44 Wall Street, New York, NY 10005

Madeleine E. Moise Cassetta

Family Law, Professional Malpractice, Estate Planning, Ethics

Status:

CONTACT

885 Third Avenue, New York, NY 10022

Philip C. Semprevivo

Estate Planning, Family Law, Corporate, Business Organization

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CONTACT

60 East 42nd Street, New York, NY 10165

Jack Ira Slepian

Commercial Real Estate, Estate Planning, Business & Trade, Bankruptcy

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CONTACT

21408 41St Ave, Bayside, NY 11361

Thomas Joseph Lavin

Mass Torts, Estate Planning, Personal Injury

Status: Licensed: 33 Years

CONTACT

4240 Bell Blvd, Bayside, NY 11361

Ann Margaret Carrozza

Estate Planning, Estate, Elder Law, Civil & Human Rights

Status: Licensed: 29 Years

CONTACT

21338 40th Ave, Bayside, NY 11361

Martin Allan Pollak

Wills & Probate, Estate Planning, Estate, Divorce, Divorce & Family Law

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CONTACT

21408 41St Ave, Bayside, NY 11361

Brittany Suzanne Mitchell

Estate Planning, Environmental Law Other, Securities, Bankruptcy

Status: Licensed: 10 Years

CONTACT

780 Third Avenue, Brainard, NY 12024

Eduardo P Rivera

International Tax, Trusts, Gift Taxation, Wills

Status: Licensed: 18 Years

CONTACT

2160 Bronx Park E, Bronx, NY 10462

Adelfa Ann Lugo

Gift Taxation, Estate

Status: Licensed: 48 Years

CONTACT

942 Burke Ave, Bronx, NY 10469

800-814-6700

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LEGAL TERMS

BEQUEATH

A legal term sometimes used in wills that means 'leave' -- for example, 'I bequeath my garden tools to my brother-in-law, Buster Jenkins.'

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

SUCCESSION

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which d... (more...)

The passing of property or legal rights after death. The word commonly refers to the distribution of property under a state's intestate succession laws, which determine who inherits property when someone dies without a valid will. When used in connection with real estate, the word refers to the passing of property by will or inheritance, as opposed to gift, grant, or purchase.

CREDIT SHELTER TRUST

See AB trust.

ANCILLARY PROBATE

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are... (more...)

A probate proceeding conducted in a different state from the one the deceased person resided in at the time of death. Usually, ancillary probate proceedings are necessary if the deceased person owned real estate in another state.

PER CAPITA

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leavin... (more...)

Under a will, the most common method of determining what share of property each beneficiary gets when one of the beneficiaries dies before the willmaker, leaving 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 capita, Julie and the two grandchildren will each take a third. If, on the other hand, 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).

QTIP TRUST

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the... (more...)

A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.

GRANT DEED

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as descri... (more...)

A deed containing an implied promise that the person transfering the property actually owns the title and that it is not encumbered in any way, except as described in the deed. This is the most commonly used type of deed. Compare quitclaim deed.

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.

SAMPLE LEGAL CASES

Schneider v. Finmann

... maintain an action for legal malpractice. We now reverse and reinstate plaintiff's claim. Strict privity, as applied in the context of estate planning malpractice actions, is a minority rule in the United States. [1] In New York, a third ...

Fielding v. Kupferman

... The documents at issue in Bishop were estate planning instruments executed by the plaintiff who believed that he was giving his wife a life estate and was not limiting his access to his life savings (Bishop, 33 AD3d 497, 501 [2006], affd 9 NY3d 910 [2007]). ...

Kram Knarf, LLC v. Djonovic

... The client's malpractice complaint was silent as to how the attorneys misled him, what they failed to explain to him concerning the estate planning documents he executed, and which of his instructions those documents did not reflect (33 AD3d at 498-499). ...

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Ridgewood Estate Planning Lawyer, New York, page 5

Sponsored Law Firm

Ballon Stoll PC

SPONSORED LAWYERS

Samit G Patel

Madeleine E. Moise Cassetta

Philip C. Semprevivo

Jack Ira Slepian

Thomas Joseph Lavin

Ann Margaret Carrozza

Martin Allan Pollak

Brittany Suzanne Mitchell

Eduardo P Rivera

Adelfa Ann Lugo

TIPS

LEGAL TERMS

BEQUEATH

LIVING TRUST

SUCCESSION

CREDIT SHELTER TRUST

ANCILLARY PROBATE

PER CAPITA

QTIP TRUST

GRANT DEED

ABATEMENT

SAMPLE LEGAL CASES

Schneider v. Finmann

Fielding v. Kupferman

Kram Knarf, LLC v. Djonovic

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