Legacy Wealth Strategies President Earns LTCP Licensure

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RALEIGH, N.C. (January 20, 2012) – Raleigh-based Legacy Wealth Strategies (www.legacyws.com) announces today that John Parham, Jr., founder and president, has been licensed to provide Long-Term Care Partnership insurance under the new North Carolina program. North Carolina became one of 42 states that allow LTCP insurance to be offered to residents as a result of the Deficit Reduction Act of 2005.

Designed to provide important consumer protections and reduce Medicaid expenses, LTCP insurance helps to cover the cost associated with convalescent care for activities of daily living when individuals are no longer able to care for themselves. Unlike other long-term care insurance, LTCP policies allow individuals to retain assets equal in value to benefits paid by the policy and still qualify for Medicaid long-term care assistance once the policy has paid out the maximum benefit. Additionally, LTCP policies must include inflation protection to keep up with rising costs of long-term care services.

“Rising health care costs are a potential risk to the financial security of many Americans,” says Parham. “This new program enhances the potential to mitigate these risks and increase effective financial planning. Earning this licensure allows me to provide an added benefit to clients.”

Before being allowed to offer Partnership-status insurance, Parham had to meet the following requirements:

  •  Hold an Accident and Health/Sickness license
  •  Hold a Medicare Supplement/Long-term Care limited license
  •  Complete eight hours of continuing education in Long-Term Care Partnership

As insurance companies’ policies receive Partnership status from the N.C. Department of Insurance, the policies from these companies that were sold since February 2006 by agents who have now received their LTCP licensure will be retroactively declared partnership-status policies.

Parham is a 23-year industry veteran. In addition to his work with Legacy Wealth Strategies, he has been affiliated with AXA Advisors since 1988. In 2011, he was named a senior vice president in AXA Advisors’ National Division. Visit www.legacyws.com for more information.

About Long-Term Care Partnership insurance: A Partnership-status policy does not require individuals to spend down his or her assets to $2,000 for a single person or $8000 for a couple in order to qualify for long term care assistance from Medicaid. In addition, with standard LTC insurance, the government can place a lien on the house up to the amount of Medicaid benefits paid upon the eventual sale of the house by the individual’s heirs.

If the individual owns a LTCP policy that pays the maximum benefit, and if he or she receives Medicaid LTC assistance, there will be no government lien on the home. Therefore, LTCP policies can make a substantial difference in the total assets which may be retained by families who receive long term care assistance from Medicaid.

Senate Bill 1193 allowed for the implementation of the Long-Term Care Partnership Program in 2010. The first policies were made available in March 2011.

About Legacy Wealth Strategies: Legacy Wealth Strategies focuses on financial planning and wealth management strategies, business succession planning and risk management services. Formed in 2004, the firm provides forward-thinking and cost-effective financial strategies to its clients, helping them toward reaching their financial goals and achieving financial independence. Associates of Legacy Wealth Strategies offer securities through AXA Advisors, LLC (NY, NY 212-314-4600), member FINRA, SIPC.  Investment advisory products and services offered through AXA Advisors, LLC, an investment advisor registered with the SEC.  Annuity and insurance products offered through AXA Network, LLC and its insurance agency subsidiaries. Legacy Wealth Strategies is not a registered investment advisor and is not owned or operated by AXA Advisors or AXA Network.

Legacy Wealth Strategies and the AXA Advisors Raleigh branch are located at 3201 Beechleaf Court, Suite 450, Raleigh, NC  27604.  Financial services available to individuals and business owners through AXA Advisors, LLC include: strategies and products for financial protection and investments; asset allocation, college, retirement, business and estate planning strategies; life insurance, annuity and investment products. Visit www.legacyws.com or call 919.341.1639 for more information.

About AXA Equitable: In business since 1859, AXA Equitable Life Insurance Company (New York, NY) is a leading financial protection company and one of the nation’s premier providers of life insurance and annuities as well as financial strategies, and investment products and services through its affiliate, AXA Advisors, LLC. The company’s products and services are distributed to individuals and business owners through its retail distribution channel, AXA Advisors, LLC and to the financial services market through its wholesale distribution channel, AXA Distributors, LLC.

AXA Equitable, a subsidiary of AXA Financial Inc., is part of the global AXA Group, a worldwide leader in financial protection strategies and wealth management. “AXA Group” refers to AXA, a French holding company for an international group of insurance and financial services companies together with its direct and indirect consolidated subsidiaries. While a part of the AXA Group, AXA Equitable is solely responsible for its annuity and life insurance obligations. For more information, visit www.axa-equitable.com.

Legacy Wealth Strategies and AXA Advisors are not affiliates of the North Carolina LTCP

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Whitmeyer Tuffin Partner Named Top Business Lawyer in N.C.

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Amalie Tuffin RALEIGH, N.C. (January 16, 2012) — Whitmeyer Tuffin PLLC (www.whit-law.com), a Raleigh-based law firm serving emerging technology companies and entrepreneurs, announces today that partner Amalie Tuffin has been selected as a 2012 Legal Elite business law practitioner by Business North Carolina magazine. Tuffin is the state’s top vote-getter in the business law specialty.

“I am honored to be named as a top business attorney by my peers and Business North Carolina,” says Tuffin. “I look forward to serving our clients in 2012 and continuing to work with entrepreneurs to grow their businesses.”

Legal Elite attorneys were selected from more than 20,000 active members of the North Carolina State Bar. Chosen by their peers, this year the distinction was earned by only 650 of the total, with only 14 attorneys being named the top vote-getter in their specialty. The Legal Elite list of winners is available in Business North Carolina’s January 2012 issue and online at http://tinyurl.com/2012LegalElite.

Tuffin, a 20-year veteran of the legal industry, helped found Whitmeyer Tuffin in 2011. She regularly contributes content to publications discussing tax and other legal issues affecting entrepreneurs, as well as speaking on these topics. Tuffin also serves as an adjunct instructor in the paralegal program at Durham Technical Community College.

About Whitmeyer Tuffin PLLC:
Whitmeyer Tuffin PLLC is a Raleigh, NC-based law firm focused on meeting the business and intellectual property needs of emerging technology companies, as well as other entrepreneurial and middle-market businesses. The firm provides practical business solutions to clients in the areas of mergers and acquisitions, IP and technology contracts, taxes and corporate legal matters. The firm brings a deep knowledge of the IT industry to its engagements. As a niche firm, we regularly assist other law firms with mergers and acquisitions and technology and intellectual property law, including trademark matters. With more than 40 years of combined experience, WT provides effective and business-oriented consulting and legal advice. Visit www.whit-law.com or call 919.429.8110.

Mary U. Musacchia Joins Whitmeyer Tuffin

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RALEIGH, N.C. (January 6, 2012) — Whitmeyer Tuffin PLLC, a Raleigh, NC-based law firm serving emerging technology companies and entrepreneurs, announces today that Mary U. Musacchia has been named an “of counsel” attorney with the firm. Musacchia brings more than 30 years of legal, business and management experience to Whitmeyer Tuffin, including proficiency in corporate governance, technology industry policy issues, economic development and government affairs.

“Mary has a wealth of experience and a passion that will be beneficial to our technology and entrepreneurial clients,” says Randy Whitmeyer, firm founding partner. “Her expertise and successful track record will help them meet existing challenges as well as plan for future growth.”

In addition to working with Whitmeyer Tuffin, Musacchia is the managing director and chief legal officer for the Center for Board Excellence, a Greensboro, N.C. company which she recently joined in order to pursue her interest in improving corporate governance. Previously, she was general counsel and director of the Global Government Affairs Department to SAS Institute, where she managed legal services as the company grew from less than $100 million in revenue to $1 billion, and a senior vice president of international business development for the government solutions division of Affiliate Computer Systems, now a division of Xerox.

Musacchia’s drive for excellence extends into the community as well. She is a gubernatorial appointee to the North Carolina eLearning Commission, is the past chair of the Council for Entrepreneurial Development board of directors and the former trustee for the Kenan Institute for Engineering, Technology and Science. Musacchia has also has served on the boards of The Information Technology Association of America Software Division and the North Carolina Technology Association.

About Whitmeyer Tuffin PLLC:
Whitmeyer Tuffin PLLC is a Raleigh, NC-based law firm focused on meeting the business and intellectual property needs of emerging technology companies, as well as other entrepreneurial and middle-market businesses. The firm provides practical business solutions to clients in the areas of mergers and acquisitions, IP and technology contracts, taxes and corporate legal matters. The firm brings a deep knowledge of the IT industry to its engagements. As a niche firm, we regularly assist other law firms with mergers and acquisitions and technology and intellectual property law, including trademark matters. With more than 70 years of combined experience, WT provides effective and business-oriented consulting and legal advice. Visit www.whit-law.com or call 919.429.8110.

Brady Opens New Parts Center and Adds Jobs in Durham, N.C.

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DURHAM, N.C. (December 29, 2011) — Just in time to support commercial heating contractors, repair teams and facilities operators during the cool winter months, Brady (www.bradyservices.com), a company that provides energy systems and comprehensive building solutions for commercial and industrial facilities across North Carolina, has opened a new 6,000 square-foot parts center in Durham, N.C. The new location is strategically positioned to support the growing commercial and industrial-business base in central North Carolina. The store will employ four associates.

“Reducing down time is the number-one concern for facilities managers and commercial heating and air-conditioning specialists,” says Ken Qualls, director, Brady Parts. “As the Triangle and Triad regions continue to expand outward, travel times to acquire parts from the Greensboro and Raleigh parts centers have gotten longer.”

The facility will serve Durham, Chatham, Orange, Granville and Person counties, as well as the eastern half of Alamance and Caswell counties. Located on the northwest side of Durham, at 4306 Bennett Memorial Road, the parts center will reduce travel times in the service area by 30 minutes or more, improving the efficiency and reducing the transportation costs associated with repairing and servicing commercial heating, cooling and air-handling equipment.

Managing the Durham location is Mike Aulis-Hill, a three-year Brady-parts-store veteran, who has transferred from the Raleigh location. New to Brady are Mike Kaffenberger, who has 15 years of experience in HVAC and is chlorofluorocarbon (CFC) certified, as well as Kenneth King, who has four years of experience in HVAC parts and an associate degree in Business Administration from Wingate University. Phil Cable, a 25-year veteran in wholesaling, heating, ventilation and air conditioning equipment, has also transferred from the Raleigh store and will support outside sales activities.

About Brady:
Celebrating its 50th year, Brady is headquartered in Greensboro, North Carolina with offices in Raleigh, Fayetteville, Wilmington and Charlotte. Founded in 1962 by Chairman Don Brady, the company remains a family owned enterprise, today employing 327 associates. The company works with building owners, facility managers, developers, architects, engineers and contractors providing sustainable, comprehensive building solutions for commercial and industrial facilities. Brady provides customers with a diverse range of solutions including building automation, energy conservation, green design, performance contracts, mechanical systems, parts and supplies, as well as responsible technical support. For more information, visit www.bradyservices.com or call (800) 849-1915.

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