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.

Monday, November 22, 2010

 

Dan A. Penning Successfully Defends Appeal with Michigan Court of AppealsRecent oral arguments presented by attorney Dan A. Penning, before a Michigan Court of Appeals panel of judges, resulted in a unanimous 3-0 vote in which the Appeals judges upheld the trial court’s decision dismissing the case.

Penning argued in support of a Circuit Court’s decision dismissing a...

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Thursday, November 11, 2010

Virtually any newscast or newspaper continues to talk about the "tax increases" that will become effective January 1, 2011. While the general concept is widely reported there seems to be little attention being given to the specific taxes that will increase if no action is taken by the lame duck congress by the end of the year. The following information is not being offered as any political objection or endorsement but rather just factual information that I wanted to share with everyone for the express purpose of understanding the increases and encouraging everyone to consult with their tax...

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Monday, November 8, 2010

The Perils of Internet Searches Using the Names of Job Applicants Exposure to Liability
Many employers, in the interest of finding information about applicants or current employees, periodically or routinely conduct internet searches with the name of the person about whom the company desires more information. Many employers discover positive information about the applicant that was not evident on the applicant's resume and application; however, employers also happen upon other valuable information as well, that indicates an applicant's faults that may affect job performance if the applicant were to begin work for the company. Facebook, Twitter,...

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Monday, October 18, 2010

Your College Student Needs a Financial and Medical Power of Attorney Form
As we have mentioned in previous emails and other communications from our office, it is important that children, once they reach the age of majority (18 in Michigan), execute a Financial Power of Attorney form and Medical Power of Attorney. A Medical Power of Attorney allows the individual nominated in the document the right to have access to medical records and be involved in medical decision making. A Financial Power of Attorney allows the agent designated to handle financial matters on behalf of the young adult. For students going to school out-of-state,...

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Monday, October 11, 2010

Recently, many of my estate planning clients have asked questions about Lady Bird Deeds and when it is appropriate to use these instruments in estate planning. Like any planning tool, a Lady Bird Deed can be helpful in some situations, but is not appropriate in all cases. The use of a Lady Bird Deed in the wrong situation can lead to unintended or negative results. What is a Deed? A deed is a legal instrument that conveys an interest in real estate (land and building) from one party to another. There are many types of deeds that are used to accomplish different objectives.
The most common type of deed that people are familiar with is where there is an outright...

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