In a nutshell, not very often. The curiously-named Statute of Frauds, which was originally neither a statute nor had much of anything to do with fraud, states that Los Angeles business litigation attorneys cannot enforce oral agreements regarding marriage covenants (including prenuptial agreements), sales of goods of over $500, surety (guarantee of obligations) agreements, sales of land, and contracts that cannot be performed within a year.
There is a vigorous debate as to whether Californians need trusts or not. Many people, including some financial professionals, have concluded that these estate planning vehicles are simply not worth the effort. But many Los Angeles Trust Attorneys strongly disagree.
Typically, a house is a family’s largest single purchase. Similarly, commercial real estate usually represents a very significant investment. If things go wrong, it’s important to partner with a Los Angeles Real Estate Litigation Attorney who understands the problem, the possible solutions, and the way to get from one point to the other.