If you sell property in Michigan through a land contract, you’re giving the buyer the right to live on and use the property while making payments directly to you. The buyer doesn’t immediately receive the legal title. Instead, the legal title is...
When multiple family members inherit a property, especially without a clear will or estate plan, disagreements can easily arise. One sibling might want to keep the home, another might want to sell it, and a third might be unreachable. These situations often lead to...
In simple terms, a limited partnership is a business entity that has one or more general partners who control operations and one or more limited partners who usually have minimal say in day-to-day management. A family limited partnership (FLP) takes the basic...
Asset protection refers to the legal and strategic steps you take to shield your personal or business assets from external threats, including lawsuits and creditor claims. In other words, it’s about arranging your financial affairs in such a way that, if you...
Family-owned businesses form the backbone of many local economies in Michigan, from small mom-and-pop shops to larger corporations passed down through multiple generations. If you own a family business, you already know the unique advantages it can bring—strong bonds,...
When you decide to buy real estate in Michigan with one or more co-owners, you are entering into what is known as joint ownership of property. Such an arrangement can be a smart way to share costs, split financial responsibilities, and even streamline the inheritance...
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Muskegon Business Law Attorneys of David T. Bowen, P.C. and Jonathan R. Hoogstra pursue cases of Business Law, Real Estate, and Estate Planning in Muskegon Michigan
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