Page 16 THE MALDEN ADVOCATE–Friday, May 27, 2022 OBITUARIES William Matthew Kotowski On May 12, 2022, William (Bill) Kotowski of The Villages, Florida (formerly of Malden, MA and Lynnfi eld, MA), passed away peacefully at home in the loving arms of his wife, Palma. Born on October 8, 1945, he was raised in Malden, Massachusetts by his parents, the late Boleslaw and Petronella Kotowski, and graduated from Malden High School with the class of 1964. His early years were spent in the construction trades and fi nally as an inspector for the City of Malden where he retired after 18 years of service. He is survived by his beloved BACKDOOR ROTH IRA’S for at least fi ve years. If you are single, for calenW hen the House Ways and Means Committee in May of 2021 passed Secure 2.0, the Securing a Strong Retirement Act, it appeared that this bill would easily pass the United States Senate and the House of Representatives. It the bill were to have passed, that would have been the end of the Backdoor Roth IRA. A backdoor Roth IRA is when high income earners, who otherwise are not able to contribute to a Roth IRA, instead contribute to a non-deductible Traditional IRA. Subsequently, he or she will then convert the non-deductible Traditional IRA into a Roth IRA. At the time of conversion, the only income taxes to be paid would be if there were earnings in the Traditional IRA account prior to the conversion. Only the earnings would be taxed. The Roth IRA owner does not have to take out any required minimum distributions upon reaching the age of 72. No income taxes will have to be paid on future earnings so long as the Roth IRA account has been established dar year 2022, your ability to contribute to a Roth IRA is phased out completely once your modifi ed adjusted gross income reaches $144,000. For a married person fi ling jointly, the income fi gure for the phase out is $214,000. Secure 1.0 did away with the stretch IRA, which allowed non-spouse beneficiaries of IRA’s to “stretch” the required minimum distributions over his or her life expectancy. Under current law, the IRA account must be withdrawn within a ten- year period. For certain Trust benefi ciaries, the IRA account must be taken over a fi ve-year period. Many beneficiaries must also begin withdrawing monies in the benefi ciary IRA account starting in year one and then in each of the next nine years. With Roth IRA’s, benefi ciaries are not required to withdraw monies in years one through nine. They must, however, withdraw the entire account out by the end of the tenth year. However, that means that the Roth IRA benefi ciary has the luxury of having that account grow tax free for the entire ten- year period. Even if Congress does away with the backdoor Roth IRA, the legislation would only affect future conversions. So, for now, it seems to still be a great planning idea. Joseph D. Cataldo is an Estate Planning/Elder Law Attorney, Certifi ed Public Accountant, Certifi ed Financial Planner, AICPA Personal Financial Specialist and holds a Master’s Degree in Taxation. wife of 58 years, Palma (Dilorenzo) Kotowski, his sons: William Kotowski, Jr. and his wife Joanna of Malden, MA; Michael Kotowski and his wife AnnMarie of Tewksbury, MA; David Kotowski of Florida; and his daughter Christine (Tina) Valway of Milford, MA. He is also survived by fi ve cherished grandchildren, Wm Matthew Kotowski Ill of Malden, MA; Alexandra Kotowski of Newburyport, MA; Jamie (Valway) Ficaro and her husband Joseph of Uxbridge, MA; Jesse Valway of Lowell, MA; and John Geary IV of Dracut, MA. He will also be lovingly missed by Brother In Law Michael Dilorenzo and his wife Toni of Florida and many nephews and nieces. Bill was a big guy with a gentle demeanor. He greeted everyone with a smile and his compassion knew no bounds. Among his passions were golf and the camaraderie he shared with his lifelong golf buddies, who were more like brothers than friends; and his family, with whom he was funny, loving and selfl ess. We warmly extend an invitation to family and friends to join us in Celebrating Bill's Life: Saturday, June 25th, 2022 from 12:00-3:00 pm Weir-MacCuish Funeral Home, 144 Salem Street, Malden, MA In lieu of fl owers, please consider donations in Bill's memory to Cornerstone Hospice, 601 Mariposa Way, The Villages, Florida 32162 William Paul Locke Age 56, of San Diego, CA, formerly of Malden, MA on April 18th. Beloved son of the late Raymond and Jean (Long) Locke. Cherished brother of Judy Locke-Smith and her husband, Stephen, of Everett, Raymond Locke, Jr. and his wife, Donna, of Gloucester and Debra LockeDodds, and her husband, Dale, of Temecula, CA. Also survived by many nieces and nephews. Services will be held privately for the family. Donations in Billy's memory may be made to the American Heart Association or charity of your choice. - LEGAL NOTICE - COMMONWEALTH OF MASSACHUSETTS THE TRIAL COURT PROBATE AND FAMILY COURT Middlesex Division Docket No. 22P2771 Estate of: FRANK ALAN ROSS ALSO KNOWN AS: FRANK A. ROSS Date of Death: March 13, 2022 INFORMAL PROBATE PUBLICATION NOTICE To all persons interested in the above captioned estate, by Petition of Petitioner Howard M. Ross of Peabody, MA, Petitioner Sara C. Ross of Peabody, MA a Will has been admitted to informal probate. Howard M. Ross of Peabody, MA, Petitioner Sara C. Ross of Peabody, MA has been informally appointed as the Personal Representative of the estate to serve without surety on the bond. The estate is being administered under informal procedure by the Personal Representative under the Massachusetts Uniform Probate Code without supervision by the Court. Inventory and accounts are not required to be filed with the Court, but interested parties are entitled to notice regarding the administration from the Personal Representative and can petition the Court in any matter relating to the estate, including distribution of assets and expenses of administration. Interested parties are entitled to petition the Court to institute formal proceedings and to obtain orders terminating or restricting the powers of Personal Representatives appointed under informal procedure. A copy of the Petition and Will, if any, can be obtained from the Petitioner. May 27, 2022 REAL ESTATE TRANSACTIONS BUYER1 "LI, XIAO B" "MOORE, LOUVILLE" BUYER2 "GAO, MEI X" "MORAIS-SILVA, ETEVALDO" "FARIAS, SANDRA R" SELLER1 "HOU, TOU-CHUNG" "CICCARELLI-MOORE, TIFFANY" DEVITO FT "EL-KHOURY, JALIL" SELLER2 "HOU, SHU-CHING" BHRC | FROM PAGE 17 mie Eldridge (D-Acton). “These funds are needed to design and construct water, sewer and stormwater improvements that are required to mitigate environmental impacts directly attributed to new or increased demands placed on these essential services.” RAISE FINES FOR ANIMAL CRUELTY (H 2132) – Stuck in the Bills in Third Reading Committee since approved by the House on Dec. 30, 2021, is a bill that would amend current law that imposes up to a 7-year prison sentence and/or $5,000 fi ne for a fi rst off ense of animal cruelty and a 10-year prison sentence and/ or $10,000 fi ne for a second off ense. The bill leaves the prison sentences as they are but raises the fi nes to $5,500 for a fi rst off ense and $11,000 for subsequent off enses. It also creates a special account where up to $500 for a fi rst off ense and up to $1,000 for subsequent off enses would go to fund improvements to animal shelters in the city or town in which the violations occurred. “Animal cruelty laws in Massachusetts are strong, but not strong enough,” said sponsor Rep. Bruce Ayers (D-Quincy). “ We need to set a stronger precedent that animal cruelty will not be tolerated. The additional funds generated through this bill will help subsidize much-needed improvements to animal shelters across Massachusetts, putting the fi nancial burden on the backs of those who violate the law. Addressing the inaction on the bill for the past fi ve months, Ayers said he’s confi dent on the merits of this bill and feels that it will continue through the legislative process.” $500 PAYMENTS TO 330,000 ELIGIBLE LOW-INCOME WORKERS – The Baker Administration announced that 300,000 low-income workers will each receive $500 under the second round of the COVID-19 Essential Employee Premium Pay Program that was part of the American Rescue Plan Act approved by the Legislature in December 2021. The administration was given the power and fl exibility to implement the program and announced last week that these round two checks will be mailed out soon. Massachusetts residents will be eligible for the $500 if their 2021 income from employment was at least $13,500—and their total income put them below 300 percent of the federal poverty level. Individuals who received a round one payment through this program or received unemployment compensation in 2021 will not be eligible for this second round of payments, nor will commonwealth executive branch employees who received or will receive a one-time COVID-related payment from the state as their employer. For more information about eligibility and other details, go to https:// www.mass.gov/info-details/covid-19-essential-employee-premium-pay-program#eligibility-parameters - or call (866) 750-9803 Monday through Friday,9 a.m. to 4 p.m. QUOTABLE QUOTES “As Massachusetts motorists are on the verge of paying six dollars a gallon for gasoline, Speaker Ron Mariano and Senate President Karen Spilka should reconsider their thoughts that suspending the state gas tax is a gimmick. Instead, they should address suspending the gas tax and cutting other taxes to help middle class Massachusetts taxpayers keep more of their hard-earned money.” --- Paul Craney, spokesman for the Mass Fiscal Alliance “While this shooting happened in New York, we need to talk about it here in MasBHRC | SEE PAGE 17 Copyrighted material previously published in Banker & Tradesman/The Commercial Record, a weekly trade newspaper. It is reprinted with permission from the publisher, The Warren Group. For a searchable database of real estate transactions and property information visit: www.thewarrengroup.com. ADDRESS 14-16 GROVE ST "DEVITO, MICHAEL F" 68 FAIRVIEW AVE 26 FRANKLIN ST CITY MALDEN MALDEN MALDEN DATE 05/10/22 05/12/22 05/13/22 PRICE $700,000 $630,000 $750,000
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