Familiar dies and is raised. Penalty for the mage?

[Jack Simth]

That's a good question! My guess is that if a familiar was reincarnated as a type of creature that can't be a familiar for you, then it would no longer be your familiar. It would probably still be a good friend though, or perhaps an enemy, depending on how you treated it.

To the best of my knoweledge, the answer to that particular question isn't anywhere official. If you're the DM, that's how it goes; an entirely reasonable interperation, too.

If you just use the standard Reincarnate tables, and let it stay a familiar, it could lead to some truely atrocious puns at the table, though, as well as some interesting role playing situations.