Page 18 THE MALDEN ADVOCATE–Friday, August 2, 2024 OBITUARY Mary (Graffam) Mauriello Of Naples, FL, formerly of Malden. Passed away on May 1st. She was born on January 4, 1932 to Lewis and Mary Graffam, and lived most of her life in Malden. Mary was a lifetime parishioner of Saint Joseph’s Parish in Malden. She attended grammar school at Saint Joseph’s, and high school at Saint Mary’s in Melrose. In 1952, Mary married her high school sweetheart, Mario “Red” Mauriello, and they were blessed with fifty-nine years together.“Red” passed away in 2011. They were also blessed with five children: Mary Anne Le Viet (Nam) lives in Maui, Hawaii, Rosemary O’Connor (Mitchell) in Naples, FL, Jane Ellen D’Avolio (Dominic) in Swampscott, John “Jack” Mario Mauriello (Lisa) recently deceased and Mark Stephen Mauriello (Maryellen) Reading. As lifetime members of Saint Joseph’s Parish, Mary and “Red” both were very active in supporting both the parish and the school’s activities.The family spent many summers at Moody Beach in Wells, Maine. And how their family has grown!Mary and “Red” have eight grandchildren:Lauren DeFrancesco (Craig), Nicholas Mauriello (Andressa), Jane Sollee (Stephen), James Sullivan (Keri), Jason D’Avolio (Jessica), Kristin D’Avolio, Ava Skeffington (Eric), Mark James Mauriello. There are ten great-grandchildren:Max, Myles, Harper, Nora, Keira, Jordan, Juliana, William and identical twin girls Sydney and Claire. SIMPLE TRUST VS. COMPLEX TRUST A ll Trusts for tax purposes are classified into two basic types of Trusts: simple or complex. To determine which type of trust you are dealing with, you must read the terms of the Trust instrument itself. With a simple Trust, the Trustee is required to distribute the income generated by the Trust to the income beneficiary until some predetermined time period has passed. With a complex Trust, the Trustee is not required to distribute the income generated by the Trust to the income beneficiary. The Trustee has discretion to distribute income. A simple Trust cannot make distributions to charitable organizations. A complex trust can make distributions to charitable organizations. Capital gains are generally considered to be a part of the principal (or corpus) of the Trust and therefore are not distributed to the income beneficiary of a simple Trust. With a simple Trust, the income beneficiary will be taxed on trust ordinary income such as interest income and dividend income, whether or not it is actually distributed to the income beneficiary. With a complex Trust, the Trustee has discretion to distribute income to specific beneficiaries pursuant to the terms of the Trust itself. If the income of a complex Trust is not distributed, the Trust itself will pay the tax. If the income is distributed, then the beneficiary receiving the income will report the income on his or her tax return upon the receipt of a Schedule K-1 form from the Trustee. The beneficiary will pay the tax on his or her individual income tax return. Income tax rates for complex trusts are significantly higher than for individuals. From a tax standpoint, it often makes sense to distribute income out to the beneficiaries in order to save substantial tax dollars. For Calendar year 2024, a non-grantor Trust’s income is in the 24% federal tax bracket once taxable income reaches $3,100. It reaches the highest 37% federal tax bracket once taxable income reaches $15,200. In contrast, a single individual does not hit the 37% tax bracket until his or her taxable income reaches $609,350. He or she will only be in a 12% federal tax bracket when taxable income is between $11,600 and $47,150. A Trust will lose its classification as a simple Trust during any year in which the Trustee distributes corpus. A simple Trust is entitled to a very low exemption of $300 to offset income generated by the Trust. A Complex Trust is entitled to an even a lower exemption of $100. ATrust can never be a simple Trust in the year of termination. You must check off one of the boxes on page one of Form 1041 before filing a Trust income tax return in order to let the IRS know what type of Trust is involved. Joseph D. Cataldo is an estate planning/elder law attorney, Certified Public Accountant, Certified Financial Planner, AICPA Personal Financial Specialist and holds a master’s degree in taxation. INSPECTIONAL SERVICES 215 Pleasant Street, 3rd Floor Malden, Massachusetts 02148 (781) 397-7000 ext. 2030 Mary had only one sister, Jane Donovan (Edward) who passed away on May 7, 2018 and three brothers in law:Flavio Mauriello (Grace) both deceased, Ronald Mauriello (Lillian) both deceased and Francis Mauriello (Roberta). Mary leaves behind thirteen loving nieces and nephews. Mary’s life was her family. When her children were grown, Mary became a Real Estate Broker, joining her husband “Red” in his business for over 20 years.In 2004, they retired to Naples, FL but always considered Malden their home. Mary’s family expresses their deepest appreciation to Mary Anne Betzer and Vitas Hospice of Naples who provided comfort to Mary in her final days. Family and friends are kindly invited to attend a Celebration of Mary’s Life on Saturday, August 31, 2024 in the Carroll Funeral Home, 721 Salem Street (Maplewood Square) Malden at 8:30 AM followed by a Funeral Mass at Saint Joseph’s Church, 770 Salem St., Malden at 10 o'clock. Services will conclude with interment at Forest Dale Cemetery, Malden. In lieu of flowers, donations can be made in Mary's honor to St. Jude Children's Research Hospital at the link listed below http:// www.stjude.org. City of Malden Massachusetts MALDEN PLANNING BOARD PUBLIC HEARING The Malden Planning Board will hold a public hearing in the Herbert L. Jackson Council Chamber, Malden City Hall, 215 Pleasant Street, Malden, MA at 7:00 P.M. on Wednesday, August 14, 2024 on the petition of Bruce Tangonan and Ken Chen, doing business as Khrome Tattoo Studio, on behalf of 100 Maplewood Street LLC (Permit Application # COO-066402-2024) seeking a special permit under Title 12.12.030 of the Code of the City of Malden, to allow body art use of property in the Industrial 1 zoning district, namely, a tattoo studio, in one storefront space of the building at the property known as and numbered, 888 Eastern Avenue, Malden, MA and also known by City Assessor’s Parcel ID 127 433 302. Petition and plans are available for public review in the Inspectional Services Department, Malden City Hall, 215 Pleasant Street, 3rd Floor, Malden, MA and under Permit Application # COO-066402-2024 at https://maldenma-energovweb.tylerhost.net/apps/ SelfService#/home By: Diane Chuha Clerk July 26, August 2, 2024 - LEGAL NOTICE - City of Malden Massachusetts Board of Appeal 215 Pleasant Street Malden, Massachusetts 02148 Telephone 781-397-7000 x2104 MALDEN BOARD OF APPEAL PUBLIC HEARING The Malden Board of Appeal will hold a public hearing on Wednesday, August 21, 2024 at 6:30 p.m. Eastern Time (US and Canada) at Malden City Hall, 215 Pleasant St., Room #106 Herbert L. Jackson Council Chambers, Malden, MA on petition 24-007 by Guesh Engida and Freawain Wigerama seeking a variance under the Code of the City of Malden as amended - Title 12.16.060 (A) - The required frontage for dwelling purposes may be reduced on existing (but not newly created) irregularly shaped lots, lots on curved streets, and lots on turning circles by not more than (50) percent, provided that the required lot width is attained at the required setback line. as per Plans Res-064077-2024 at the property known as and numbered 104 Summit St., Malden, MA and also known by Assessor’s Parcel ID #150-629-925 Additional information, Petition & plans available for public review in the Office of Inspectional Services, 215 Pleasant St., 3rd floor, Malden, MA or online at www.cityofmalden.org or https://maldenma-energovweb.tylerhost.net/apps/SelfService#/home Nathaniel Cramer, Chair August 2, 9, 2024
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