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Union County Weekly | Nov. 11, 2016 | Page 7
The Weaver, Bennett & Bland, P.A.
Business Briefs
Shipt partners with Harris Teeter CHARLOTTE – Shipt an online grocery shopping app, will partner with Matthews-based Harris Teeter to serve 50 stores in the Charlotte region. The coverage area will include stores in Indian Trail, Matthews, Waxhaw and Weddington. The app delivers groceries to homes in 30 major metro areas. “We are ready to bring the convenience of grocery delivery to more people, while also further investing in community initiatives focused on families and addressing hunger relief,” Shipt CEO Bill Smith said. Go to www.Shipt.com/Charlotte for details.
Scott Safety wins award MONROE – Frost & Sullivan will present Scott Safety with the 2016 Competitive Strategy Innovation and Leadership Award for its April launch of Scott Sight. The in-mask, hands-free thermal imaging camera provides visibility in smoke-filled environments. “We knew developing the technology wasn’t enough and that it also had to be affordable for an industry that is consistently facing budget constraints,” said Kim Henry, director of growth initiatives and lifesaving products. Scott Safety will receive the award Jan. 11, 2017, in San Diego. Visit www.ScottSight.com for details.
Allen Tate hires marketing director CHARLOTTE – Allen Tate Company has named Stephanie Brown as marketing director. Brown has more than 25 years of marketing experience, including stints as marketing director for Charlotte Mechanical and vice president of marketing for Doggett Advertising. “Stephanie brings a diverse and comStephanie Brown prehensive marketing background to Allen Tate,” said Sara Spencer, vice president of operations, Allen Tate Company. Brown has volunteered with One Warm Coat and Habitat for Humanity of York County. She attends Matthews United Methodist Church.
Novant Cancer Care uses device to find breast tumors CHARLOTTE – Novant Health Cancer Care is using a new device to precisely find and direct the removal of tumors during breast cancer surgeries. SAVI SCOUT eliminates the need to place a wire inside breast tissue to find a tumor, according to Dr. Peter Turk, director of the breast cancer program at Novant Health Presbyterian Medical Center. It increases the probability of complete cancer removal and reduces the likelihood of follow-up surgeries. It also may result in less tissue being removed during surgery. “Breast cancer surgery can be physically and emotionally distressing for women, and we strive to find ways to create a better experience – and
better outcomes – for our patients,” Turk said.
Award honors innovative farmer STATESVILLE – Carolina Farm Credit is encouraging youth to apply for the 2017 Innovative, Young Farmer of the Year Award. The Tobacco Farm Life Museum is accepting applications through Dec. 31 from nominees ages 18 to 40 in school for agriculture or have worked in the industry for less than 10 years. “Agriculture is the number one industry in North Carolina,” said Vance Dalton, CEO of Carolina Farm Credit. “It is imperative to reward young farmers who have a commitment to continuing the great legacy of farmers and rural communities throughout the state.” Dalton’s firm provides financing to farmers and agricultural-related businesses. It has a branch in Monroe.
WalletHub: City growing fast WASHINGTON, D.C. – WalletHub ranked Charlotte as the 49th fastest growing city in America and third fastest among large cities. Charlotte trailed Austin Texas and Bakersfield, California in terms of large cities. Concord ranked ninth overall in the list and third among small cities. The personal finance cited compared 515 cities in 14 indicators using data from 2009 to 2015.
Corporations form in region Registered agents filed these new corporations with the N.C. Secretary of State from Oct. 28 to Nov. 3: Marvin • Carolina Rose Investments LLC – Martha Rose, 512 Clear Wood Court. Monroe • Blessings Tax Services Corp. – Noemi Rodriguez, 1618-A Skyway Drive. • G.U.N.S Total Wellness LLC – Kimberly McDuffie, 4833 Old Charlotte Hwy., suite C. • Garlowich incorporated – Joseph Garlowich, 2537 Carroll St. • Hired Gun Horsemanship LLC – Nathanael Helms, 473 Clontz Long Road. • Integrity Rental Homes LLC – Franklin Hancock, 1201 Concord Ave. • LDGC LLC – Lane Griffin, 1705 Biggers Cemetary Road. • Stylia Real Estate Solutions LLC – Kathryn Short, 1002 Oakstone Drive. Waxhaw • BizITmations LLC – Suresh Pellakur, 508 Five Leaf Lane. • Damione Lewis Inc. – Damione Lewis, 411 Walden Trail. • Executive Leadership Consultants LLC – Andrew Odze, 717 Wild Berry Court. • Olde Hickory LLC – Chris Stiwinter, 4817 Pimlico Lane. • Operation Technology Inc. – Said Salami, 205 Running Horse Lane. • Piar1 LLC – Nirav Desai, 1104 Autumn Ridge Drive. • Tea Leaves and Pages LLC – Kailyn McGavin, 3708 Wilshire Lane. • Wildwood Landscaping Inc. – William Cochran III, 7114 Davis Road. Wingate • A Daughter's Touch LLC – Rebecca Hersey, 900 Pondside Drive.
Special Needs Trusts Can Preserve Personal Injury Settlements & Awards by Crystal L. Welton Contributor
Individuals should work with an attorney to determine any potential personal injury (PI) or medical malpractice action. However, if you’re already disabled and receive money from an action, you could lose your asset-dependent public benefits if you don’t plan properly. Eligibility for public benefits, such as Supplemental Security Income, Medicaid, and Waivers, has a $2,000 asset limit. If you’re in a PI or medical malpractice matter you’re likely to have enormous medical bills for the remainder of your life. If you receive a settlement outright, you’ll lose your public benefits, and the settlement money will quickly be exhausted to pay for medical expenses. Often, Medicaid is the only form of medical insurance that will cover conditions requiring long term care. Insurance from the marketplace likely won’t provide Medicaid’s broad range of coverage and services. A Self-Funded Special Needs Trust (SNT) helps you preserve the PI money for your use while allowing you to maintain eligibility for public benefits. Medicaid pays the medical bills, and the settlement proceeds can be used to enrich your quality of life. There are elements an SNT must satisfy, including, but not limited to: The Trustee, who manages and administers it, must have complete discretion to make distributions; it must be used for the sole benefit of the beneficiary; and upon the beneficiary’s death, an SNT must reimburse Medicaid agencies an amount equal to the Medicaid benefits provided during
the beneficiary’s lifetime, limited to the amount of the Trust’s remaining assets. While some believe that SNTs are restrictive, the SNT can purchase virtually anything; however, payment of food and shelter expenses may negatively impact the receipt of some public benefits. If there’s a PI action, consider an SNT as soon as possible. An SNT can also be created after the signing of a release to resolve the case or the transferring of settlement monies to the PI attorney. SNTs can hold a lump sum award or be used in conjunction with a structured settlement. There’s no specific amount that must fund an SNT because any amount exceeding $2,000 will cause ineligibility for public benefits; however, a larger initial funding amount provides a greater selection of corporate fiduciaries willing to serve as Trustee. If you need help with a PI action, or if you receive public benefits and may receive money from a potential PI action, contact the experienced personal injury and special needs planning attorneys at Weaver, Bennett & Bland, P.A. at (704) 8441400 to discuss your specific situation. Crystal L. Welton is an estate planning, estate administration, elder law, and special needs planning attorney at Weaver, Bennett & Bland, P.A. Contact Crystal at Weaver, Bennett & Bland, P.A. at (704) 844-1400. The information contained in this article is general in nature and not to be taken as legal advice, nor to establish an attorney-client relationship between the reader and Crystal L. Welton or the law firm of Weaver, Bennett & Bland, P.A.