Page 18 THE MALDEN ADVOCATE–Friday, October 4, 2024 OBITUARIES Albert Joseph Bonanno Of Saugus, Massachusetts, formerly of Malden, Massachusetts, Transitioned peacefully at home on Monday, September 23rd, 2024. Al was surrounded by his loving wife of 45 years, Cheryl A. Bonanno, his two sons Joseph & Anthony Bonanno, as well as his son-inlaw Sergio Guzman. $$ I PAY CASH $$ for World War II military items. Top prices paid for helmets, swords, daggers, uniforms, etc. Call 617-719-1698 NON MASSACHUSETTS REAL ESTATE O ur state legislature, on September 19, 2024, amended Mass General Laws, Chapter 65C, Section 2A, thereby clearly excluding non-Massachusetts real estate from the gross taxable estate for purposes of preparing a Massachusetts estate tax return for a Massachusetts resident. Up until this point in time, many practitioners were uncertain as to whether or not the value of the non-Massachusetts real estate should be included as part of the gross estate on a Massachusetts estate tax return while at the same time reducing the value entirely by an off setting deduction by including a memorandum stating that none of the value of such real estate should be included as part of the gross estate. This is consistent with the Massachusetts Supreme Judicial Court case Dassori v. Commissioner of Revenue, wherein the court ruled that real estate outside of Massachusetts cannot be subject to the Massachusetts estate tax on the grounds that this would simply be unconstitutional. Some practitioners were excluding the value of the non-Massachusetts real estate from the Massachusetts estate tax return altogether. Others were including the full value of the non-Massachusetts real estate on the Massachusetts estate tax return and then backing out the estate tax attributable to the non-Massachusetts real estate. They followed the instructions issued by the Mass Department of Revenue which would put taxpayers in a position where the non-Massachusetts real estate had to be included as part of the gross estate thereby, in many cases, bringing the value of the gross taxable estate over $2million, requiring the fi ling of a Massachusetts estate tax return. Massachusetts, as of January 1, 2023, increased the estate tax exemption to $2million. Only estates valued over $2million now need to fi le an estate tax return. As an example, if you are a Masachusetts resident with stocks, bonds and real estate located in Massachusetts with a total value of $1,900,000, and you also have real estate in New Hampshire with a value of $1million, for a total gross estate of $2.9million, a Massachusetts estate tax return will not have to be fi led upon your death as the New Hampshire real estate is simply not subject to the Massachusetts estate tax. This is welcomed news to all Massachusetts residents with non-Massachusetts real estate. We finally have the clarity that we all were looking for. 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. Al served proudly in the U.S. Air Force. Al would like to be remembered for his lifelong enjoyment of all things trucks and trains, his unwavering devotion to New England sports, Patriots foremost, and his fondness for jokes that elicit audience groans. Besides his human family, Al had limitless love for his four legged kin, and while we will be missing him down here, we can also be assured that the tails of Misty, Ginger, Freckles & Opus haven’t stopped wagging since. ~ Legal Notice ~ INVITATION FOR REQUEST FOR PROPOSALS NORTH SUBURBAN CONSORTIUM The Malden Redevelopment Authority d/b/a City of Malden Office of Strategic Planning and Community Development, as agent for and representative member of, the North Suburban Consortium (“NSC”) invites sealed price, and non-price proposals, in accordance with M.G.L. c.30B, §6, from Vendors for: ON-CALL LEGAL SERVICES – HOUSING DEVELOPMENT ON-CALL LEGAL SERVICES – ASSET MANAGEMENT ON-CALL LEGAL SERVICES – LOAN COLLECTIONS Proposals will be received until 11:00 A.M., November 4, 2024 at the Office of Strategic Planning and Community Development, 215 Pleasant Street, 3rd Floor, Malden, MA 02148. Proposals will not be accepted nor may submitted proposals be corrected, modified and withdrawn after the deadline for proposals. Contract Documents will be available by email request at OSPCDinfo@cityofmalden.org after 10:00 A.M., September 30, 2024. Following the deadlines for proposals, all proposals received within the time specified will be reviewed by the RFP Committee, and an award will be made to the most advantageous proposer for services. EQUAL HOUSING OPPORTUNITY September 27, October 4, 2024 Al leaves behind his wife Cheryl A. Bonanno; son Joseph Albert Bonanno, his wife Ellie Bonanno and their children Ruby Jo Bonanno and Rawley Gene Bonanno; son Anthony Joseph Bonanno and his husband Sergio D. Guzman; brother Frank James Bonanno; preceded
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