Penning Group Blog

The Penning Group blog is written and edited by the advisors and attorneys of The Penning Group, providing practical business, personal, and legal information. To view blog posts by category, choose a topic area from the sidebar menu.

Tuesday, April 14, 2009

Casey Penning - Winning Autistic Goals Every DayA few weeks ago I posted a blog about my oldest son, Tucker, and his experiences in a high school hockey tournament and about how through perseverance, commitment and hard work he achieved success and assisted his team in winning a tournament semi-final game.

I also quoted various statements by Dr. Alan Zimmerman that appeared in his weekly newsletter entitled "Tuesday Tip" on success. Dr. Zimmerman commented that one must observe four key elements in order to achieve...

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Wednesday, April 8, 2009


"...proper planning in most instances can navigate around any estate tax liability..."

There is a long history of debate regarding the federal estate tax. The implementation of the tax originally was to prevent the build-up of wealth that could lead to a creation of large estates and a permanent class of idle rich that would attempt to impose a monarchy.

While I am generally not in favor of raising taxes or the estate tax in general, there is a valid question as to whether the impact of the existence of the estate tax has any real negative impact on the majority of small business owners and family farms. Previously, President Bush tried...

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Wednesday, April 1, 2009

The article below (original source: London Free Press) contains information and recites various factors regarding family business succession planning, or lack thereof, in London and in other countries. Information reported in the article is not unique to London. In my practice, I represent several family-owned businesses that avoid succession planning for their businesses.

Succession planning for a family business is hard work. Often times, the family business owner’s avoidance of succession planning causes a strain on relationships and negatively impacts the productivity and profitably of the...

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Wednesday, March 25, 2009

Tucker Penning Making Winning Hockey Goal During TournamentThe corresponding picture of my 16-year-old son, Tucker, with this blog post, was recently taken at a hockey tournament in Cleveland, Ohio. Tucker, by all accounts, is one of the best goal scorers for his team. For the first two games of the tournament, Tucker was repeatedly frustrated by missed opportunities and some remarkable goalie saves that sent him into the tournament semi-final game with no goals. The first two periods of the semi-final game were more of the same. Tucker worked and worked, but no...

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Friday, March 6, 2009

According to a 2007 census bureau survey, some 6.2% of children ages 5 – 15, a total of 2.8 million children, have disabilities. Individuals with disabilities are living longer than ever. Many disabled children will outlive their parents who support them. The Wall Street Journal published an article on October 9, 2008 titled “An Estate Plan Built for Special Needs”. The piece emphasized the need to make sure that relatives’ estate plans are coordinated. The article pointed out that often times, grandparents and parents of disabled children do not coordinate their plans which can result in a disqualification of the disabled child for certain medical and other supplemental government...

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