Understanding the Role of a Last Will and Testament in Protecting Your Legacy
September 4, 2025 | Posted by: Anchor Bay Law PLLC - New Baltimore Trusted Lawyers
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 w ...
read moreSomething More Robust: The Revocable Living Trust
September 3, 2025 | Posted by: Anchor Bay Law PLLC - New Baltimore Trusted Lawyers
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&rs ...
read moreDurable Financial Powers of Attorney
September 1, 2025 | Posted by: Anchor Bay Law PLLC - New Baltimore Trusted Lawyers
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, kn ...
read moreDurable Healthcare Power of Attorney/Patient Advocate Designation
August 31, 2025 | Posted by: Anchor Bay Law PLLC - New Baltimore Trusted Lawyers
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 tool ...
read moreInformal vs. Formal Probate Proceedings
August 29, 2025 | Posted by: Anchor Bay Law PLLC - New Baltimore Trusted Lawyers
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 is ...
read moreThe Role of the Personal Representative
August 27, 2025 | Posted by: Anchor Bay Law PLLC - New Baltimore Trusted Lawyers
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 wil ...
read moreUnderstanding Small and Intestate Estates in Michigan
August 25, 2025 | Posted by: Anchor Bay Law PLLC - New Baltimore Trusted Lawyers
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 certain ...
read moreResidential and Commercial Real Estate Transactions
August 23, 2025 | Posted by: Anchor Bay Law PLLC - New Baltimore Trusted Lawyers
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 agr ...
read moreDue Diligence & Legal Support for Real Estate Transactions
August 21, 2025 | Posted by: Anchor Bay Law PLLC - New Baltimore Trusted Lawyers
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 considerati ...
read moreLimited Liability Companies (LLCs): Modern, Flexible, and Protective
August 20, 2025 | Posted by: Anchor Bay Law PLLC - New Baltimore Trusted Lawyers
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 corpo ...
read moreCorporations: Formality, Double Taxation, and Rigid Control
August 18, 2025 | Posted by: Anchor Bay Law PLLC - New Baltimore Trusted Lawyers
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 corporatio ...
read morePartnerships: Outdated and Risky
August 17, 2025 | Posted by: Anchor Bay Law PLLC - New Baltimore Trusted Lawyers
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 an ...
read moreProfessional Entities and Nonprofits
August 15, 2025 | Posted by: Anchor Bay Law PLLC - New Baltimore Trusted Lawyers
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 ...
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