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Protecting Your Assets with a Trust

June 6, 2023 by Sandra Ighalo

What Is an Asset Protection Trust? Are There Different Types of Asset Protection Trusts? You’ve worked hard to build your personal net worth. You’ve created and followed a well-conceived plan to ensure that you live comfortably for the rest of your ...

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Filed Under: Asset Protection Tagged With: Protecting Your Assets with a Trust

The Different Types of Personal Trusts

May 11, 2023 by Sandra Ighalo

The Different Types of Personal Trusts

What Is a Trust? What Are the Benefits of a Trust? What Are the Different Features of a Trust? You've worked hard and been smart with your investments, so you have a substantial net worth or a nice little nest egg. You want to ensure that it's ...

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Filed Under: Estate Plan Tagged With: Benefits of a Trust

A Will or a Trust?

April 4, 2023 by Sandra Ighalo

What Are the Differences? If you're like more than 2/3rds of Americans, you don't have any formal estate plan in place to ensure the orderly distribution of your property in the event of your death. That typically means that your assets will be ...

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Filed Under: Estate Plan Tagged With: A Will or a Trust?

Impossibility of Performance of a Contract

March 3, 2023 by Sandra Ighalo

Impossibility of Performance of a Contract image

What Is It? When Can It Be Used to Void a Contract? Suppose you enter into a contract to deliver a quantity of manufactured goods to a customer. Your goods require a specific device as a part of the assembly process. After you enter into the ...

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Filed Under: Business Contracts Tagged With: Impossibility of Performance of a Contract

When Can You Terminate a Contract without Being Liable for Breach?

February 1, 2023 by Sandra Ighalo

When Can You Terminate a Contract without Being Liable for Breach

When Can You Legally Refuse to Perform under the Terms of an Agreement? When you enter into a contract, you make a legally enforceable promise to abide by the terms of that agreement. Typically, when you fail to perform as promised, you can be taken ...

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Filed Under: Business Contracts Tagged With: When Can You Terminate a Contract without Being Liable for Breach?

The Requirement that You Voluntarily Enter into a Contract

January 4, 2023 by Sandra Ighalo

The Requirement that You Voluntarily Enter into a Contract

When Can You Argue that You Didn't Agree of Your Own Free Will and Knowledge Under long-established law, one of the requirements for a contract to be valid and enforceable is that all parties must have voluntarily entered into the agreement. What ...

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Filed Under: Business Contracts Tagged With: The Requirement that You Voluntarily Enter into a Contract

Wishing You And Yours A Merry Christmas & Happy New Year

December 24, 2022 by Sandra Ighalo

Wishing You And Yours A Merry Christmas & Happy New Year

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Filed Under: Uncategorized

How Does Your Age Affect the Validity of a Contract?

December 7, 2022 by Sandra Ighalo

How Does Your Age Affect the Validity of a Contract?

Can You Be Too Young or Too Old to Enter into an Enforceable Agreement? In earlier articles, we documented the requirements of a valid and enforceable contract, including the condition that the parties must have legal capacity. We further explained ...

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Filed Under: Business Contracts, Business Law Tagged With: How Does Your Age Affect the Validity of a Contract?

Happy Thanksgiving

November 22, 2022 by Sandra Ighalo

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Filed Under: Uncategorized

The Impact of a Mistake on the Validity of a Contract

November 10, 2022 by Sandra Ighalo

The Impact of a Mistake on the Validity of a Contract

Will the Contract Still Be Enforceable If Either Party Relies on a Mistake? One of the requirements of a valid and enforceable contract is that there must be an agreement. That has commonly been construed to mean that there must be at least two ...

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Filed Under: Business Contracts Tagged With: The Impact of a Mistake on the Validity of a Contract

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