The Power of Local

Several years ago, I wrote in these pages about my enthusiasm for the Buy Local campaigns popping up in communities from coast to coast. Cities like Portland and Philadelphia were building support and sales for their hometown businesses and especially for local retail and service firms.

Mar 1, 2012 Winnie Comstock-Carlson

Giveth or Taketh Away?

The ponderously named Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act, signed into law last December by President Barack Obama, brought good news to generous millionaires — and the larger population of nonmillionaires in this country — who have giving on their minds.

Sep 1, 2011 Dixie Reid

Trust Worthy?

Cognitive impairment claims challenge real estate plans

Lesli Pletcher’s parents were not extravagantly wealthy by any stretch of the imagination. However, true to form of a couple raised during the Great Depression, they were frugal and financially cautious so that, by the end of their lives, they had amassed a substantial estate capable of easily sustaining Pletcher’s father in his $9,000-a-month Alzheimer’s care facility.

Feb 1, 2011 Christine Calvin

Brain Attack

The financial aftermath for stroke victims

Nearly 800,000 Americans have a new or recurrent stroke each year, making it the leading cause of disability in the U.S. What’s more, health problems are a principle driver for mortgage foreclosures and personal bankruptcies, leading to billions in financial impact.

May 3, 2010 Bill Romanelli
Rich Brooks, a partner in Tatum LLC, works for a Tatum division called Kinetic Advisors LLC, a boutique firm for middle-market debtors in distress. Brooks often sits between the borrower and the bank to help the two sides work out a deal.

Rescue Me

Working out a deal when a banker calls

It’s the meeting no business owner wants, an adult equivalent to sitting in the principal’s office.

Only instead of a principal, the person calling you in is a banker. And instead of the dreaded “permanent record,” the folder on the desk is an agreement for a business loan, a line of credit, equipment financing or some other form of borrowed money that helps keep the company afloat.

Sep 1, 2009 Robert Celaschi
Trudy Nearn, principal, Generations law firm.

Estating the Obvious

A little planning goes a long way

Asset values are down, interest rates are down, and industry experts doubt the Obama administration will allow the current estate tax exemption to expire in 2010. That combination makes a ripe environment for creating or adjusting an estate plan, and financial advisers say acting now could save thousands — if not millions — of dollars later.

Aug 1, 2008 Christine Calvin