A real lawyer wrote:
rojo wrote:Your wife promised her relatives something. That to me sounds like a binding verbal contract. Unless you want to lose it all in a lawsuit, you'd better hand it over.
Nope. While there is such a thing as a binding verbal contract, this does not qualify (assuming for the sake of argument that this is not a troll thread). The reason is that this alleged contract is barred by the Statute of Frauds.
The Statute of Frauds requires that certain contracts be memorialized in writing - this includes such things as marriage, sale of real property, sale of goods or services over $500, any contract that cannot be fulfilled within one year, and a few other things.
Failure to get a written contract for anything covered by the SoF means the contract is void.
Further, this is probably not even a contract in the first place. A contract requires Offer, Acceptance, and Consideration. OP's wife appears to have only made a non-binding promise (assuming for the sake of argument that OP actually has a wife and is not trolling on that point as well).
It's correct that the statute of frauds probably applies which, depending on state law, might void the contract, regardless of whether a contract was otherwise formed. Or there might be conduct that takes it out of statute of frauds.
However, you can certainly form a binding contract by exchanging promises. An exchange of promises to do or not do something in the future is valid consideration: "I promise to divide future lottery winnings with you in return for your promise to divide future lottery winnings with me." If that offer is accepted, a contract is formed.