What is an Affidavit of Lost Document in Michigan?
November 15th, 2025
Real estate transactions can be complex. They can become even more complicated when key documents are missing. Notably, in the event a real estate-related document was never recorded or has been lost in Michigan, an affidavit establishing facts affec…
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Categories: Real Estate Law
Understanding Judgment Liens
October 15th, 2025
A judgment lien can be a useful tool for a creditor who has prevailed in a lawsuit and needs to secure the payment of a debt. This court-ordered mechanism allows a creditor to place a legal claim on the debtor’s real property. If the debtor proceed…
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Categories: Real Estate Law
Recovery Against a Defendant’s Interest in A Limited Liability Company
September 29th, 2025
There is a specific legal remedy available in Michigan to creditors seeking to recover a judgment against a defendant’s interest in a limited liability company (LLC). After securing the judgment, a creditor can obtain a charging order, which direct…
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Categories: Business Law
Bank Accounts with Death Beneficiary: For Convenience or to Transfer Ownership on Death?
August 19th, 2025
In Michigan, joint bank accounts with a right of survivorship are presumed by law to transfer ownership of the account upon the death of one of the account holders. However, issues often arise when a child or friend of the decedent claims to own the…
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Understanding LLC Asset Protection Benefits
July 31st, 2025
A Limited Liability Company (LLC) can offer several key asset protection benefits. Significantly, this business structure can shield the personal assets of an owner from the company’s debts and lawsuits. In other words, if a business is sued, credi…
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Categories: Business Law
Why It’s Best to Have a Trust if You Own Real Estate in Florida
May 30th, 2025
Many Michigan residents own a second home in Florida to escape the harsh winters. It is essential to be aware that real estate in Florida is subject to a Florida probate if it is not owned by a trust, or is otherwise titled to avoid the probate proce…
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Liability Issues When You Add Yourself as a Signer to Another Person’s Checking Account
April 30th, 2025
Counterfeit check scams have been around for a while. While most people are aware of these types of scams, it’s important that you do not fall for them. Everyone should know that they are liable to a bank for any loss associated with a counterfeit…
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Categories: Banking/Credit Unions
Controlling Attorney Fees
March 27th, 2025
If you have a legal matter or project that requires the assistance of counsel, you may be concerned about the cost of attorney fees. However, it’s important to understand that hiring an attorney doesn’t require you to go above your financial mean…
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Categories: Litigation
Business Succession Planning
February 24th, 2025
Most small business owners are justifiably proud of the business they have built or sustained. And they should be! Small businesses, including family businesses, are the lifeblood of the American economy. Many business owners devote their careers to…
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Beneficial Ownership Information (BOI) Update: January 2, 2025
January 2nd, 2025
Amid ongoing litigation regarding beneficial ownership reporting, the Financial Crimes Enforcement Network (FinCEN) quietly updated their website to state the following: “In light of a recent federal court order, reporting companies are not current…
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Categories: Business Law