Understanding the Role of a Last Will and Testament in Protecting Your Legacy

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 ...

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Something More Robust: The Revocable Living Trust

Something 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 ...

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Durable Financial Powers of Attorney

Durable 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 ...

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Durable Healthcare Power of Attorney/Patient Advocate Designation

Durable 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 ...

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Informal vs. Formal Probate Proceedings

Informal 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 ...

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The Role of the Personal Representative

The 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 ...

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Understanding Small and Intestate Estates in Michigan

Understanding 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 ...

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Residential and Commercial Real Estate Transactions

Residential 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 ...

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Due Diligence & Legal Support for Real Estate Transactions

Due 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 ...

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Limited Liability Companies (LLCs): Modern, Flexible, and Protective

Limited 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 ...

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Corporations: Formality, Double Taxation, and Rigid Control

Corporations: 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 ...

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Partnerships: Outdated and Risky

Partnerships: 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 ...

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Professional Entities and Nonprofits

Professional 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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