Penning Blog

Wednesday, May 27, 2015

Business/commercial leases can be dangerous territory for a company or business client's legal counsel. I have encountered many requests from business clients like, "If you have a few minutes, can you look over a new lease I am thinking of entering into for new or existing leased space?" and "I don't need a complete review, just the basics."

What business clients need to understand is that oftentimes, other than employee costs, their annual rent may be their second most expensive operating expense. Multiply that expense by several years, which is often the term of a lease, and the result is a business lease that warrants careful review and consideration, as...

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Wednesday, May 27, 2015

While legal self-help websites may be useful in some instances, there can be problems that arise in relying on legal self-help websites in the place of real expert advice. Self-help websites are not able to provide specific advice about your company and they won't be able to point out ongoing legal problems. Many business owners who try and save money by avoiding lawyers often face difficulties later.

A case in point. Recently, a potential client was seeking information regarding a business she had founded with several partners. Since starting the business, she and her colleagues had contributed large amounts of both time and money into the venture. The business was beginning to...

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Wednesday, May 6, 2015

When it comes to checking tasks off of your financial to-do list, estate planning is probably the last item you get to, and some people don't get to it at all.

It's really not your fault. After all, many people think it’s morbid to think about preparing for death, and others often don't know where to start, so they simply don't get started.

Case in point: According to the legal services site "Rocket Lawyer," 64% of Americans don't have a basic will. That is really amazing when you think about it.

But estate planning shouldn't fall to the wayside. Although it is nice to think that you can trust everyone to do the right thing after your death, the truth is that if you...

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Monday, April 13, 2015

Unfortunately, too many families overlook the importance of carefully crafting legal and financial safeguards to protect their special needs children as they grow into adulthood. Many times, families have simply entered into a “pact” with one or more of the siblings of the special needs child whereby those children have “promised” their parents that they will take care of their special needs sibling.

There Are Challenges for Estate Planning Involving Special Needs Children

Families with special needs children often overlook five essential estate planning techniques: 

  1. Determining qualifications or eligibility for special...
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Monday, April 13, 2015

On April 2, 2015, President Barack Obama issued a White House proclamation recognizing World Autism Awareness Day, declaring that “… everyone deserves a fair shot at opportunity” and celebrating the work of “… advocates, professionals, family members and all who work to build brighter tomorrows alongside those with autism.”

We Have Come a Long Way

In the last 20 years, there has been a significant increase in the diagnosis, treatment and available support programs for both autistic individuals and their family members. Research into the disorder and various treatment protocols have also become much more advanced. Autism awareness has become...

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