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…
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,…
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), thereby…
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",…
Adam Keilen Generally, a contract is a promise, and a basic principle of contract law states that “promises ought to be kept.” For example, Al executes a contract with Bill,…
Adam Keilen Generally, the implied covenant of good faith and fair dealing is a presumption that parties to a contract will handle the contract’s affairs in a manner that is…
Adam Keilen Yes. 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…
Adam Keilen Why would I contest a Will or a Trust? If your loved one’s Will or Trust is not what he or she really intended, there are corrective actions…
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. What is…
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…