News + Views: Are YOU a Pirate?


What Everyone Should Know Regarding Software Piracy Laws.

image of a pirate flag with a red xIn my practice, I have encountered many situations both with individual and business clients where they received notices from software companies alleging my clients had violated software piracy laws.  These notices are no joke and not for the circular file.

News + Views: The Penning Group opens NEW Grand Rapids office and relocates Detroit-area office

The Penning Group is pleased to announce the opening of its new Grand Rapids, Michigan office located at:

Penning Group's new Grand Rapids office250 Monroe NW, Suite 400
Grand Rapids, MI 49503
Telephone: 616.717.5746
Fax: 616.717.5701

News + Views: Avoid the Pitfalls of Joint Accounts with a Durable Power of Attorney and Living Trust

Avoid the Pitfalls of Joint Accounts with a Durable Power of Attorney and Living TrustMany people employ the use of joint financial accounts as a matter of convenience, such as an elderly parent placing a child's name on the parent's checking account so that checks and deposits can continue if the parent is travelling or incapacitated.

News + Views: Treat Your LLC Like a Business to Protect Your Assets

Treat Your LLC Like a Business to Protect Your AssetsMany business owners form several types of business entities to hold their assets and operate different aspects of their businesses. A common strategy is to form limited liability companies to hold real estate. The operating entity, such as a manufacturing entity, pays monthly rent to the real estate LLC and this can work to keep liability of the operating entity separate from the real estate LLC.

News + Views: Perils of Unprotected Business Credit Cards

The Hazards of Company Credit CardsWith all the publicity of the new protections afforded consumers with the passing of the Credit CARD Act of 2009, business owners can be surprised to learn that the business credit card in their wallet is not covered by the CARD Act.

Estate Planning for Clients' Digital Assets

Estate Planning for Digital AssetsEstate planning for a client's digital assets is an area of law that is still fairly new. However, I have experienced increasing demand by clients for services in this area as we continue to run full speed into the digital age.

This article will briefly identify some of the issues involving digital assets and steps that you can take to protect your digital assets as part of your estate planning efforts.

Advisor Alert: Payroll Tax Cut Bill Passed By Congress

Advisor AlertAfter much debate and political wrangling, Congress voted to extend a 2% Social Security payroll tax cut and to renew long term unemployment benefits for the rest of 2012. The tax cut effectively reduces the amount of wages withheld by your employer for payment/contribution to social security resulting in higher net income to you.

Planning for College Expenses

Planning For CollegeRecently I celebrated my birthday with my family on a great Saturday evening.

Welcome to The Penning Group!

As you may be aware, we recently decided to start a new firm, The Penning Group. The Penning Group Advisors and AttorneysWe have two offices, one in Detroit (Farmington Hills) and another office in the Traverse City (Suttons Bay) area, serving clients across Michigan, the U.S. and abroad.

What Happens to Credit Card Debt After Death?

Credit card debt after deathYou can't take it with you, but do credit card bills follow you into the grave? Does the debt die with you? Or, can it come back and haunt those you leave behind?

General Rule: