THE MALDEN ADVOCATE–Friday, October 30, 2026 Page 11 FOOTBALL | FROM PAGE 7 and senior teammate Ousman Kaba (6-1, 200) form a formidable 1-2 punch for Somerville — on both sides of the ball. Both senior Somerville co-captains have scored 7 TDs each. Somerville has scored 188 points in its 7 games, averaging just under 30 points per outing. *** MALDEN FOOTBALL 2026 (5-2 OVERALL, 2-0 GBL) Friday, 9/11: Malden 26, Lynn Tech 20. Friday, 9/18: Peabody 44, Malden 6. Friday, 9/25: Malden 28, Lowell Catholic 26. Friday, 10/2: Everett 35, Malden 6. Friday, 10/9: Malden 45 Chelsea 0. Friday,10/16: Malden 36 Lynn Classical 16. Friday, 10/23: Malden 14 Manchester-Essex 0 (FF). Friday, 10/30: Malden at Somerville, 6:00 p.m. 11/5-11/7: MIAA Playoffs. 11/12-11/14: MIAA Playoffs. Thursday, 11/26: Malden vs. Medford in the 139th Thanksgiving Game, 10:00 a.m. *** Greater Boston League Team Everett Malden Somerville 2-0 2-1 Lynn Classical 2-1 Revere Chelsea 2-1 Lynn English 1-1 Medford 1-2 0-4 CLASSIFIED IRREVOCABLE INCOME ONLY TRUSTS that child as Trustee for any reason at any time. If income producing assets are O ne of the benefits of transferring certain types of assets to an irrevocable income only Trust is the protection of those assets in the event you or a spouse were to need long-term nursing home care or long-term care at home. MassHealth, if eligible, will pay for long-term nursing home care or long-term care at home under the Frail Elder Waiver Program. Assets held in an irrevocable Trust, five years after having placed the assets in the Trust, will not be a countable asset for MassHealth eligibility purposes. If you, as the Settlor of the Trust, are also the Trustee, you do not need permission from your children or any third party to sell the home that is placed in this Trust or even a non-retirement stock and bond portfolio placed into this Trust. If you select a child to serve as Trustee, you can retain the right to remove and replace placed into this Trust, you, as the Settlor, have the right to receive the net income generated by the Trust, such as net rental income from investment property or interest and dividend income from a non-retirement brokerage account. You cannot place a retirement account or Traditional IRA account into such a Trust. From a tax standpoint, most often, it would not make sense to cash out the retirement plan or Traditional IRA and then place the after-tax proceeds into the irrevocable income only Trust. If you place your principal residence into an irrevocable income only Trust, you will still be entitled to the $250,000 capital gains tax exclusion ($500,000 if married filing jointly). Some members of Congress are pushing for an increase in this capital gains tax exclusion amount in order to provide an incentive for homeowners with a large built-in gain to sell their home thereby freeing up badly needed housing inventory. This is one reason why single-family homes are so expensive. Upon your death, any appreciated real estate or stocks and bonds will achieve a step up in cost basis equal to the fair market value at the time of your death. If your children ended up selling the home for $1million dollars that you paid $250,000 for, there would be no capital gains taxes to pay. The new cost basis becomes $1million. A transfer of an asset into such a Trust does not represent a completed gift due to the Trust being structured as a grantor-type Trust for tax purposes thereby requiring no gift tax return to be filed. In addition, even though the Trust is irrevocable, including a provision in the Trust allowing the Settlor to exercise a special power of appointment would allow the Settlor to redirect to whom the Trust assets are to be distributed to upon the Settlor’s death. A Last Will and Testament would include the provision exercising that power of appointment which would require probating the Will. Although we most often look to avoid the probate process, in this situation, the Settlor at least retains the right to determine the ultimate distribution of the assets held in Trust due to changes in family circumstances. 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. REAL ESTATE TRANSACTIONS BUYER1 Betancur-Gaviria, Juan G Hoenig, Jillian Li, Haixin Ramos, Wilfredo A Richman, Romy BUYER2 SELLER1 Betancur-Gaviria, Carlos Jcg Investments LLC Mcclallen, Jeffrey Xiao, Ri Juan Wheeler Ft Xiao, Lin Griffin, Joseph P Sheldon, Paige A ADVERTISING Advocate Call now! 617-387-2200 advertise on the web at www.advocatenews.net - 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, November 18, 2026, 6:30 pm Eastern Time (US and Canada) at Malden City Hall, 215 Pleasant St, Room #106 Herbert L Jackson Council Chambers, Malden, MA Petition 26-009 by Malden Cosmetic Dentistry and Implant seeking a variance under Code of the City of Malden as amended – Title 4 Section 4.16.090 (A) Table of Intensity Regulations: Specifically: Regulation of Signs; By District as per plans SGER-072956-2025 at the property known as and numbered 290 Ferry Street., Malden, MA and also known by City Assessor’s Parcel ID #085-407-701 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 October 23, 30, 2026 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. SELLER2 Wheeler Jr, Robert P ADDRESS 60-62 Durso Ave 18 Fleming Rd 33 Lodgen Ct #2D 8 Floral Ave 34 Henry St #34 CITY Malden Malden Malden Malden Malden DATE 10.09.26 10.06.26 10.08.26 10.06.26 10.07.26 PRICE 930000 705000 455000 515000 450000 GBL All 3-0 6-1 5-2 3-4 3-4 3-4 2-5 2-5 0-7
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