THE EVERETT ADVOCATE – FRiDAy, JunE 19, 2020 Page 17 OBITUARIES Jill Roberts Falvey P assed away June 14, 2020 at her home in Tulsa, Oklahoma surrounded by her loving family. A Celebration of Jill’s Life will be held on Saturday, August 8, 2020 at First United Methodist Church in Ardmore, Oklahoma. The Celebration of Life will begin at 1:00 pm and Pastor David Daniels will officiate. Jill was born on August 4, 1975 to Amazing parents Darryl and Kathleen (Forrestall) Roberts. Jill also had a life-long bestie in younger sister Allison. Jill was a 1993 Honors graduate of Ardmore High School and also a proud member of the 1993 Lady Tiger State Championship basketball team. Jill went on to attend and graduate from Boston University in 1997 Cum Laude with a Secondary English Education degree. Jill also obtained a Master’s Degree in Reading from Salem State College. Jill began her stellar teaching career at Marietta High School in 1997, teaching 10th grade Language Arts. The summer of 1998 Jill married Jake (Jake and Jill) Falvey and moved to the Boston area. Jill’s expertise at teaching continued for the next five years teaching middle school Language Arts in Everett. Many of those previous students regularly kept in contact with Mrs. Falvey. In July of 2003, son Oliver was born and in 2004 The Falveys left the very loving and supportive community of Everett to return to Ardmore, Oklahoma. From 2005-2010 Jill enjoyed being the best mom in the world to son Oliver and daughter Emerson (born in 2007) while teaching the pre-k students at First United Methodist Church. These fabulous five years once again allowed Jill to fulfill her passion for educating children. In 2010, Jill began teaching at Ardmore Middle School. Jill brought books to life and hundreds of AMS students have promised to “Stay Gold.” Jill continued at AMS as a department head and instructional coach. Jill greatly enjoyed her daily interactions with her fellow educators. Some would even say that Jill was rather serious about education. In November of 2015 Jill was diagnosed with Stage IV Ovarian Cancer. This silent disease was in an advanced stage and the outpouring of support from students, colleagues and the community carried her entire family through the early days post diagnosis. Since those early days, Jill has become an educator to more than students. For 4 ½ years, her Faith, Passion, Strength and Love has taught so many that despite tremendous daily challenges, Jill Roberts Falvey’s teaching days will never stop being a teacher.” The Sky looks different when you have someone you Love up there. Survived by husband Jake, son Oliver and daughter Emerson, parents Darryl and Kathy Roberts of Tulsa, sister Allison and husband Roger Disney of Tulsa and numerous other wonderful aunts, uncles, nieces and nephews, prayer warriors and friends. Karen Lopez O f Everett en t ered into eternal rest on Tuesday, June 9, 2020 in the Boston Medical Center June 1, 1875: Everett Woman’s Suffrage League organized. June 3, 1870: First internment at Glenwood Cemetery. June 3, 1951: PFC Daniel Ricci, who grew up on Cleveland Avenue, is killed in action in the Hanjon-Ni area of Korea. June 4, 1891: Glendale Baptist Church organized. June 5, 1912: Rev. Victor Choquette named first pastor of St. Joseph’s Church. June 6, 1930: The Tongs Wars between various Chinese clans in America hits home as Sing Wong, treasurer of the Hip Sing Tong, dies after being shot in his laundry in Everett. June 9, 1917: Mayor John Mullen fences off Revere Beach Parkway at the junction of Broadway because the Metropolitan District Commission refused to station an officer there to guard the crossing, which they felt was the City of Everett’s job. He was ordered by a judge not to take such action again. This weekly series in The Everett Advocate is published with permission from a book written by retired Everett City Clerk Michael Matarazzo. Enjoy! Weekly Series brought to you by F.J. LaRovere Insurance Agency 492 Broadway, Everett * 617-387-9700 Check out our new website: www.larovere.com after a brief illness. She was only 32. Born in Metapan, El Salvador, Karen lived in Everett. She worked as a payroll clerk for Distributor Corporation of New England in Malden. Beloved daughter of Miriam Castro and Santos Lopez. Loving sister of Eric Castro. Carleen (Olson) Maiuri O f Saugus, formerly of Everett, passed away surrounded by her loving family on June 16, 2020, at 78 years. Beloved wife of the late Joseph Maiuri. Loving sister of Margaret Olson. Loving mother of Joseph and his wife Donna Maiuri of Plymouth, Cindy Maiuri of Saugus, Peter and his wife Michele Maiuri of Saugus, Teri and her husband Dan MacDonald of Everett. Carleen is also survived by her grandchildren Nicole derKinderen and her husband Phillip, Amanda Poirier and her husband Nick, Brittany Maiuri, BriI n certain cases, it might make sense to shift the tax burden of capital gains from a Trust to a beneficiary of the Trust. Once a Trust’s capital gain income exceeds $12,950, capital gain income will be taxed at a 20 percent federal rate. The rate in Massachusetts for long-term capital gain income is 5.05 percent. Investment income (including capital gains) that is not distributed to a beneficiary of a Trust will also be subject to an additional “net investment income tax” equal to the lesser of one. The undistributed net investment income or two. The excess of the Trust’s adjusted gross income over $12,750. This tax is an additional 3.8 percent. In contrast, an individual beneficiary of a Trust will receive the benefit of a 15 percent capital gains tax rate on long-term capital gains (holding period of one year or more) and qualified dividends until income exceeds $434,550 for a beneficiary filing single and $488,850 for a beneficiary filing married filing joint. Also, a Trust beneficiary would not be subject to ana McBride and her husband Justin, D.J. and Peter MacDonald and 8 great grandchildren. Carleen was a graduate of Everett High School Class of 1960 and was employed at Fotomat and at Marriot for many years. At the request of the family, services will be privately held. In lieu of flowers, donations may be made to St. Jude's Children's Hospital at www.stjude.org. Paulette (Doublet) Moreschi P assed peacefully into the Kingdom of Heaven to join her Lord and Savior Jesus Christ whom she loves. She was greeted in Heaven by her husband Anthony and her two beautiful and much loved granddaughers Samantha Bradley and Mariel Teves who all predeceased her. She leaves behind her daughters: Yvonne Tumbridge of Everett, Linda Teves of Melrose, MaryAnn Bradley and OBITUARIES | SEE PAGE 18 Capital Gains And Trusts the net investment income tax until his income exceeds $200,000 if filing single and $250,000 if filing married filing joint. Therefore, a shift of capital gain income from a Trust to a beneficiary could save as much as 8.8 percent in taxes. If the Trustee, pursuant to the Trust instrument, has the discretion to distribute income or principal to a Trust beneficiary, that would allow the Trustee to shift the capital gain income to the beneficiary. Capital gain income is considered a receipt of principal by the Trust. In order to shift capital gain income to a Trust beneficiary, there must be a distribution of principal to the beneficiary in the form of cash or other property. Keep in mind that this strategy would in no way be possible for an irrevocable Trust in the context of MassHealth (Medicaid) planning. An irrevocable Trust cannot allow for any distributions of Trust principal to the Settlor/income beneficiary of the Trust. If the Trust were to allow for that, MassHealth would consider the assets in the Trust countable for MassHealth eligibility purposes. Those assets in the Trust would then make the applicant ineligible for MassHealth benefits. If, on the other hand, the irrevocable Trust was set up for children with no MassHealth eligibility being sought in the future, then such principal distributions may be allowed pursuant to the terms of the Trust. Joseph D. Cataldo is an estate planning/elder law attorney, Certified Public Accountant, registered investment advisor, AICPA Personal Financial Specialist and holds a masters degree in taxation.
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