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.

Wednesday, November 18, 2015

Legal Issues for Business and Social Media

Social media is a relatively new phenomenon, and the law is just beginning to catch up with the issues that are being raised for businesses. 

A thorough legal review of a company's social media practices is always a good idea, but here is a preliminary checklist of possible issues to be addressed. 

Employees' (or Job Applicants') Personal Social Media...

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Tuesday, October 20, 2015

Avoid the Fight for the Family Cottage

Oftentimes, the idea of "estate planning" can seem overwhelming. However, estate planning at its most basic level is simply making decisions about who should receive your assets when you die and creating a plan that efficiently transfers ownership of the assets at the time of your death to your intended beneficiaries.

Cottage law is an extension of your estate plan. Most estate plans will address...

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Tuesday, October 20, 2015

Estate Planning for People Who Don’t Have Families

A growing number of older people don't have a spouse, children or other close relatives. One of the biggest concerns for people in such a situation is how to prepare in case they become disabled or incapacitated.

Such a person could, of course, give a power of attorney to a friend and assume the friend will take care of things. However, friends near the...

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Tuesday, September 29, 2015

Should You Tell Your Children About Your Estate Planning?

Often, one of the hardest decisions people make in the estate planning process is how much (and when) to tell their children or other heirs about their plans. 

There is no single right answer for everybody: what to do depends on the nature of your planning and your family circumstances. But it is worth giving the issue some consideration. 

Many people are hesitant to reveal the details of their family's...

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Wednesday, September 9, 2015

Life Insurance as Part of Your Estate Plan

Even if you have a relatively modest estate, life insurance can be an important part of your estate planning for the obvious reason that it can substantially increase the estate’s value. In the case where there’s a premature death and a young family is in need of support, life insurance may be the primary means for that family's financial survival.

For larger estates, life insurance can be useful by providing the liquidity necessary to pay...

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