Page 16 THE MALDEN ADVOCATE–Friday, August 5, 2022 Everett, Malden, Saugus and Revere residents contributing to success on the diamond this season By Steve Freker S ummer can be a time when everyone steps back and takes a few moments, days or even weeks to relax and "recharge the batteries". When it comes to baseball, however, nothing slows down in the summer. Just the opposite: It all ramps up for baseball players. Why do you think they call them the "Boys of Summer" anyway? Just the other night a group of former longtime Malden residents and ex-local high school stars strutted their stuff in the Commonwealth Amateur Baseball League (CABL) Annual AllStar Game. For the past six years, the Powers Brothers, Manny and Nick have run the Malden Marlins franchise in the CABL, and just like their high school days, are some of the best players in the league still, as they approach their 30s. Manny Powers, a 2012 MalMASSHEALTH AND YOUR HOME Regardless of the value of your home, so long as your spouse is living in your home, it will not be considered a countable asset even if you were to go into a nursing home and qualify for MassHealth benefits. Furthermore, so long as your spouse is living in your home, MassHealth Estate Recovery will not be able to file a lien against it. If your home is held jointly, title should be transferred as quickly as possible to the healthy spouse who is still living home. If not, if the healthy spouse were to suddenly die first, title would vest 100% in the spouse who is living in the nursing home on MassHealth. The Estate Recovery Unit would then be able to recover against the equity in the home as the home would be part of the nursing home spouse’s probate estate. The transfer can be made either prior to or after admission into a nursing home. Transfers between spouses are never considered disqualifying transfers subject to the fiveyear look-back period. Once the transfer of the home takes place and the nursing home spouse is approved for MassHealth benefits, the spouse still living at home should consider, as one option, transferring the home to an irrevocable Trust in order to protect the equity in the home for the benefit of children. The five-year look-back period will commence once title has been transferred to the Trust. Although each family’s circumstances are different, and what might be good for one family might not be good for another, married couples and single individuals need to consider transferring the home to such an irrevocable Trust long before the need for a nursing home arises. One big advantage is the avoidance of probate. The home will pass to your intended beneficiaries pursuant to the terms of the Trust. The home can be sold at any time even after you place it into an irrevocable Trust. Since the Trust is structured as a grantor-type trust, the IRS Section 121 capital gain exclusion will still be retained. For a married couple, the capital gain exclusion on the sale of the home is $500,000. For a single person, the exclusion is $250,000. If rental property is placed into the Trust, the net rental income or loss is passed through onto the married couple’s or single person’s Form 1040. Consequently, the much higher ordinary income tax rates and capital gains tax rates associated with Trusts are avoided. 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. den Catholic grad and Nick Powers, a 2013 Malden High graduate, were named to their 5th consecutive CABL All-Star Team and were joined by three of their Marlins teammates, including two other former Malden residents, Ricky Mendez (Malden High 2013) and Connor Mulcahy (Malden Catholic 2012). The league was split in half for the purposes of the All-Star Game and the team the Malden Marlins were on won the game, 3-0, led by the hitting of Manny Powers, Mendez and Mulcahy. Nick Powers hurled a scoreless seventh for the save. **** Malden High assistant coach Mike DiCato named Pitcher of the Month in Boston Men's Baseball League Malden High School assistant baseball coach Mike DiCato is the top pitcher in the Boston Men's Baseball League (BMBL) 28-Plus Division and was recently named Pitcher of the Month for June for recording three impressive wins for his team, the Boston Dodgers. DiCato, a former Malden Catholic Division 1 Player of the Year in 2005 and a UMass/Amherst record-setting pitcher, leads the league in nearly every statistical category. He is 5-2 on the mound for the Dodgers with six complete games and is the league leader in wins (5), innings pitched (48) Mike Popp has played in several statewide All-Star events this summer after shining for the Revere High baseball team this past spring, with more on the way. (Courtesy Photo) and strikeouts (69). Perhaps his most impressive Nathan Ing, a recent Saugus High baseball standout, is a member of the first-place Peabody Champions Pub team in the North Shore League, a men's league. (Courtesy Photo) stat? Aside from the 69 strikeouts in 48 innings, DiCato has walked only SIX (6) batters! That's 69-6 strikeouts to walks ratio! No lie: He might be leading the NATION in that category for men's league baseball. **** Saugus standout Nathan Ing contributing to Champions Pub team success in North Shore League Recent Saugus High Class of 2022 graduate Nathan Ing has been one of the top baseball players in the Northeastern Conference (NEC) for the past three years, both on the mound and at the plate. Ing took a big step forward this summer when he joined the roster of the league-leadSPORT | SEE PAGE 19 Malden Marlins players and former Malden residents and local high school standouts recently took part in the Commonwealth Amateur Baseball League (CABL) All-Star Game. From left, Connor Mulcahy, Ricky Mendez, Manny Powers and Nick Powers. (Courtesy Photo) Malden High School assistant coach Mike DiCato is a former UMass-Amherst and Malden Catholic standout. He was recently named Boston Men's Baseball League (BMBL) Pitcher of the Month while excelling for the Boston Dodgers. (Courtesy Photo)
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