Anchor Law Blog
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Something More Robust: The Revocable Living Trust
July 31, 2025 | Posted by: Anchor Bay Law
A revocable living trust is one of the most powerful tools available for individuals and families who want to protect their assets, avoid probate, and provide lasting guidance for loved ones.But it& ...
read moreProfessional Entities and Nonprofits
July 31, 2025 | Posted by: Anchor Bay Law
Anchor Bay Law also assists licensed professionals, such as attorneys, physicians, and therapists, with the formation of professional LLCs. These entities must comply with additional legal restricti ...
read morePartnerships: Outdated and Risky
July 31, 2025 | Posted by: Anchor Bay Law
Anchor Bay Law rarely recommends general partnerships. Despite their simplicity, they expose each partner to personal liability for the debts and obligations of the business, even those incurred by ...
read moreCorporations: Formality, Double Taxation, and Rigid Control
July 31, 2025 | Posted by: Anchor Bay Law
Traditional corporations, particularly C corporations, were once the default option for business formation. But in most small and closely held business settings, they are now disfavored. C corporat ...
read moreLimited Liability Companies (LLCs): Modern, Flexible, and Protective
July 31, 2025 | Posted by: Anchor Bay Law
The limited liability company (LLC) is the most common and most recommended structure for Michigan’s small and midsized businesses today. An LLC offers personal liability protection like a cor ...
read moreUnderstanding Small and Intestate Estates in Michigan
July 31, 2025 | Posted by: Anchor Bay Law
Small Estate Alternatives in Michigan Michigan provides a few probate shortcuts for smaller estates. If the value of the decedent’s probate assets (after allowable expenses) is below a certai ...
read moreThe Role of the Personal Representative
July 31, 2025 | Posted by: Anchor Bay Law
The “personal representative” (sometimes colloquially called an “executor”) is the individual appointed by the probate court to administer the estate. If the decedent had a w ...
read moreInformal vs. Formal Probate Proceedings
July 31, 2025 | Posted by: Anchor Bay Law
Michigan law provides for two main types of probate administration: informal and formal. Informal Probate Informal probate is the most common type. It proceeds without regular court hearings and i ...
read moreDue Diligence & Legal Support for Real Estate Transactions
July 31, 2025 | Posted by: Anchor Bay Law
Due Diligence: Protecting Clients Before Closing In both residential and commercial transactions, due diligence is key. We guide our clients in evaluating all relevant legal and practical considera ...
read moreResidential and Commercial Real Estate Transactions
July 31, 2025 | Posted by: Anchor Bay Law
Residential Real Estate Transactions Most residential real estate transactions involve the sale of a home, condominium, or vacant land. These deals often follow a familiar path. First, a purchase a ...
read moreDurable Healthcare Power of Attorney/Patient Advocate Designation
July 31, 2025 | Posted by: Anchor Bay Law
A medical emergency can strike at any time, and when it does, it is critical to have a trusted individual legally empowered to make decisions on your behalf. In Michigan, the most effective legal to ...
read moreUnderstanding the Role of a Last Will and Testament in Protecting Your Legacy
July 31, 2025 | Posted by: Anchor Bay Law
What Is a Last Will and Testament? A Last Will and Testament is a legal document that outlines how your property should be distributed after your death. It enables you to name your heirs, designate ...
read moreDurable Financial Powers of Attorney
July 30, 2025 | Posted by: Anchor Bay Law
Durable financial powers of attorney are essential components of a complete estate plan. These legal instruments allow a person, called the “principal,” to authorize another individual, ...
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