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THE MALDEN ADVOCATE–Friday, December 29, 2023 Page 15 OBITUARIES Elizabeth M. Smith Boyson Of Malden. Died on Wednesday, December 20th at the Chestnut Woods Rehabilitation and Healthcare Center in Saugus at the age of 96. She was the wife of the late Joseph M. Mattrazzo. Born and raised in Somerville, Ms. Boyson was the daughter of the late James E. and Nema E. (Knickle) Smith. She was a retired customer service representative for E.A. Stevens Insurance of Malden and previously worked for Travelers Insurance for 25 years. She had been a resident of Malden for over 75 years. Ms. Boyson is survived by her daughter, Linda Perperian of Saugus and two grandchildren. She was predeceased by two sons, Steven M. and Joseph Mattrazzo and her brother, James E. Smith. Relatives and friends are invited to attend an hour of visitation in the Bisbee-Porcella Funeral Home, 549 Lincoln Ave., Saugus on Saturday, December 30 from 10 – 11 a.m. followed by a service in the funeral home at 11 a.m. Interment in Woodlawn Cemetery in Everett. Frederick J. "Fred" Truesdale A 38-year resident of Malden and formerly of Somerville, entered into eternal life peacefully on Saturday, December 23, 2023 at Massachusetts General Hospital. He was 72 years of age. Fred was born in Somerville BBB | FROM PAGE 14 ployees to accept tips. Don’t be afraid to ask up front if a professional or company employee can accept tips if you aren’t sure. When appropriate, a gift is a good alternative. Tipping by profession • Personal service providers. For hairdressers, massage therapists, or any other personal-service provider you regularly tip, consider upping your tip amount during the holiday seaon June 25, 1951, a son of the late Archie Truesdale and Catherine (Murnane) Truesdale. He grew up in Somerville where he was educated in the Somerville Public School System and graduated from Somerville High School in 1969. Fred was a retired 35-year member of Teamsters Union Local #25 where he worked for U.S. Foods as a Receiver. In 2008, Fred started working for the City of Malden as a Parking Enforcement Officer. He was an avid Boston Bruins and Celtics fan, and enjoyed puttering around the house in his spare time. Fred, a member of the Chelsea Yacht Club, was very passionate about boating with a common saying of his being "if we can't get there by boat, then we're not going." Fred's true joy in life was his family, and he immensely enjoyed all of the special moments he was able to share with them. Fred is the beloved husband of 51 years to Lisa M. (Castaldini) Truesdale. He is the devoted father of Stacey Ann Truesdale and her longtime companion Paul Ferringo, Michael Joseph Truesdale, and Malden Fire Department Captain Eric Steven Truesdale and his wife Mary. He is the loving Papa of Alexis Christine, Landon James, and Chase Lawrence. He is the dear brother of Robert Truesdale and his wife Mariann, and the late Helen Vorron, Carol Fournier, and Elaine Webb. He is also survived by many loving nieces and nephews. Relatives and friends are invited to attend Fred's funeral on Saturday December 30, 2023 at 9 A.M. from The Carr Funeral Home, 220 Bunker Hill St. Charlestown followed by his Funeral Mass at 10 A.M. in St. Mary's Church, 55 Warren St. son. If you usually tip 20%, make it 40%. Depending on your budget, you may decide to tip them the cost of an entire visit. The same goes for other service providers, like your dog walker or groomer. The equivalent of one service makes for a generous end-of-the-year tip. • Nannies, babysitters and caregivers. A similar rule applies to tipping childcare, home health aides, and similar professions. Tipping the cost of a session, such as an evening’s pay Charlestown. His burial will be private. His visiting hours will be held on Friday, December 29, 2023 from 4 P.M. to 8 P.M. in the funeral home. In lieu of flowers, kindly make a memorial donation in Fred's name to: American Heart Association PO Box 840692, Dallas, TX 75284-0692 To send a message of condolence, please visit www.carrfuneral.com Paul V. Regan Of Malden. A retired Machinist for Malden Machine, passed away suddenly on Monday, December 25th, in his home. Paul was born in Malden in 1951, the son of Leslie and Lena Regan. He was raised and educated in Malden, graduating from Malden High School with the Class of 1969. He then went to trade school and studied HVAC repair. Paul went on to work for Malden Machine as a Machinist. He worked there until his retirement at the age of 66. He was an avid Red Sox fan, and also loved fishing. He is survived by his sister, Theresa Buckley of Waltham, his nephews Ed Buckley and Jim Buckley, and his niece Mary Buckley, all of Malden, as well as many dear friends, especially Bobby, Larry, Mike L. and Mike C, who were there for Paul as he became ill. Paul was preceded in death by his brothers Francis Regan and John “Jack” Regan. Funeral Services were held at the Weir MacCuish Golden Rule Funeral Home, Malden on Thursday, December 28th. Interment followed in Holy Cross Cemetery, Malden. for a regular sitter, is considered standard. For a live-in nanny, consider a bonus of up to a week’s wages. For those hired through a service, make sure you check that they are allowed to accept tips before giving. • Building staff. If you live in an apartment building, consider tipping cleaners, superintendents, security, and concierges. Somewhere between $25 to BBB | SEE PAGE 16 REAL ESTATE TRANSACTIONS BUYER1 ASARESE, JENNA N LI, XI MARSHALL, SUSAN E RAMUDIT, KRISHNA K BUYER2 ABUWAR, FAISAL LI, WEN LARSON, KATELYN R SELLER1 SELLER2 ADDRESS 204-210 HIGHLAND AVENURE MMCGOVERN, BERNARD H 204 HIGHLAND AVE #210 CONNELL, BRUCE J 99 WASHINGTON ST 98 BOWMAN ST T estamentary special powers of appointment provisions contained in an irrevocable trust allow the Settlor of the trust to exercise the power via his or her Last Will and Testament. The Last Will and Testament will have to be submitted to a probate court and allowed. It is through the Last Will and Testament of the Settlor of the Trust that the exercise of the testamentary special power of appointment contained within the terms of the irrevocable trust is achieved. If the Settlor of an irrevocable Medicaid trust includes such a provision in the Trust to appoint (i.e.redirect) the Trust principal to a class of individuals such as the descendants of the Settlor, the Settlor thereby reserves the right to change the ultimate beneficiaries of the Trust that were originally going to receive the balance of the Trust estate upon the Settlor’s death. If the Settlor simply wants to change who would actually receive the Trust estate, the Settlor, by reserving this testamentary special power of appointment, can include a provision in his or her Will that exercises the power by having the Will allowed in probate court. Therefore, such a change can still be made even though the trust is otherwise irrevocable. This special power of appointment, also referred to as a limited power of appointFor Advertising with Results, call The Advocate Newspapers at 617-387-2200 or Info@advocatenews.net TESTAMENTARY SPECIAL POWERS OF APPOINTMENT ment, cannot include the power to appoint to the Settlor, the Settlor’s estate or the creditors of the Settlor’s estate. If such a power was included within the terms of the Trust, it would simply not be a special power of appointment, and would cause the assets in the Trust to be countable for MassHealth eligibility purposes. One other benefit of such a provision in an irrevocable trust is the obtainment of the step-up in cost basis under Internal Revenue Code Section 2038. This is because when the assets are transferred to the irrevocable trust an incomplete gift results due to the special power of appointment provision thereby causing the Trust assets to be included in the gross taxable estate of the Settlor upon his or her death. Treasury Regulation 25.2511-2(b). If your home is transferred to such a Trust that you may have purchased 40 years ago for $150,000, but that is now worth $800,000, upon your death, the cost basis of the home will then become $800,000 in the hands of your beneficiaries due to the step-up in cost basis provisions of IRC Section 1014. A subsequent sale of the home by your children shortly after your death for $800,000 will result in no capital gain. If your total estate is below $2million, there also will be no Massachusetts estate tax to be paid. In a typical Medicaid irrevocable Trust, this is but one provision that will result in a much-desirable step-up in cost basis in order to avoid a substantial future capital gain and a corresponding substantial capital gains tax. 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. 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. CITY MALDEN MALDEN 204-210 HIGHLAND AVE RT MCGOVERN JR, BERNARD H 204-210 HIGHLAND AVE #208 MALDEN NORTHEAST RE CORP MALDEN DATE 12.15.23 12.14.23 12.15.23 12.14.23 PRICE 690000 950000 700000 777000

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