What is an Irrevocable Life Insurance Trust (ILIT)?

Adam Keilen The Goal of an ILIT is to Avoid Inclusion in the Insured’s Gross Estate: For a typical life insurance policy, the death benefit proceeds are includible in a…

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Certain contracts must be in writing

Adam Keilen Generally, verbal contracts are enforceable, although they are very difficult and expensive to prove. Thus, contracts should always be committed to writing. However, although verbal contracts are valid,…

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Should I get a trust?

Adam Keilen Should I get a Trust? The short answer – it depends. There are several factors to consider; primarily, trusts help clients avoid probate (saving time and money), 因此……

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What is a “Temporary Injunction”?

Adam Keilen Generally, an injunction is a court order requiring a person to do something or stop doing something. A "temporary restraining order and preliminary injunction" is a "temporary injunction",…

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Can my company sue for business defamation?

亚当·凯伦:是的. Corporations can sue for business defamation. Each state has different laws regarding defamation; business defamation is a common law action based on false spoken or written statements…

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What is Legal Consideration (合同法)?

Adam Keilen Why does Consideration matter? A valid contract must have consideration, or a valid substitute. If a contract lacks consideration, the court might not uphold the agreement. 是什么……

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What is a material breach?

A breach of contract occurs when one party fails to perform, resulting in legal consequences for the breaching party. Oftentimes, we hear the words, “material breach.” A material breach is…

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