Page 12 THE REVERE ADVOCATE – FRIDAY, APRIL 29, 2022 Baseball Pats edge Rams in key league battle By Greg Phipps T he Revere High School baseball team was not entering Wednesday’s key showdown against Greater Boston League (GBL)–leading Lynn Classical on a high note. The Patriots had suff ered a disappointing loss to Somerville on Monday and were looking to regroup. They did just that, as pitcher Kyle Cummings came through with another strong outing to help lead Revere to a 4-2 triumph over the fi rstplace Rams at historic Fraser Field in Lynn. Cummings hurled all seven innings for the victory. He was touched for fi ve hits and he struck out eight hitters. The Patriots dropped a close 3-1 aff air to the Rams at home in the season opener several weeks back. Wednesday’s win seems to have established Revere as a bonafi de league contender. It was just the second loss of the season for Classical. Clutch hitting is what got the Patriots over the top on Wednesday. Max Doucette brought in two runs with a hit, and Cummings aided his own cause with a hit and an RBI. Ollie Svendsen and Domenic Boudreau also contributed hits in the victory. The win improved the Patriots to 6-3 overall on the season. They host Cambridge in a non-league contest Saturday morning (scheduled 10 a.m. start) and then move on to face Lynn English on the road on Monday, May 2. The Patriots defeated the Bulldogs 6-2 at home earlier this season. In Monday’s 8-4 loss to Somerville, Revere allowed six unearned runs. After the game, Patriots Head Coach Mike Manning acknowledged that it’s hard to win when a team gives up that many unearned tallies. The Patriots did get a good off ensive performance from Mike Popp, who smashed PLAY BALL | FROM Page 11 ing his players throughout the community. Other PAL personnel and Assistant Coaches John Leone, Michael Micicchi and Thomas Chea and Lynn English BENEFIT OF TRANSFERRING HOME TO IRREVOCABLE TRUST O ne of the benefits of transferring your home DOUBLING DOWN: Revere’s Mike Popp swatted two hits and drove in a run in Monday’s loss to Somerville. The Patriots regrouped to defeat Lynn Classical on Wednesday. two hits, drove in a run and scored twice. He also stole two bases. Boudreau also got into the act with two RBI and two steals. Girls’ Head Coach Travonne Berry Rogers have been involved with the PAL program for a number of years. “It is exciting and rewarding to see so many of these young men come up through the PAL program and now they are building successful programs of their own,” Oldoni said. “It extends our message of the importance of academics, athletics, sportsmanship, and civic responsibility.” to an irrevocable trust is that you start the five year look back period if one of the goals is to protect your home against a possible nursing home stay. If structured as a grantor-type trust, the Trust would be able to sell the home and you would still be able to take advantage of the $500,000 capital gain exclusion on the sale of a principal residence for a married couple ($250,000 for a single person). If the home is sold, the sales proceeds would have to remain in Trust and invested by the Trustee, whether in a certifi cate of deposit, savings account, stock or bond portfolio, etc. The sale of the home does not start the fi ve year look back period all over again. The Trustee may also reinvest the sales proceeds in another principal residence. The net sales proceeds of the home must be used to purchase the replacement home. If the purchase price of the replacement property is much less than the sales proceeds of the home that is sold, the difference would remain in the Trust to be invested accordingly. Typically, the Settlor of the Trust would have the right to receive income generated by the Trust. This income could serve to supplement the Settlor’s living expenses. The income would be distributed to the Settlor and taxed on his or her income tax return. If the Settlor were to go into a nursing home after the expiration of the fi ve year look back period, the Trust principal would be protected. Any net income derived by the Trust would be paid to the nursing home as part of the Patient Paid Amount (PPA), along with social security income, pension income, etc. Another benefi t of transferring your home to an irrevocable trust as opposed to directly transferring your home to your children with a reserved life estate, is that the Trust will protect your children in the event of a divorce or civil litigation case against them. If you prefer, you can include a provision Malden High School players, pictured from left to right: Front row: Kevin Goncalves, Clifton Joseph, Jose Ferreira and Ethan Phegarasai; back row: DeMarco Ross, Peyton Carron, Justin Bell, Ransley Saint-Jean and Akim Lubin. in the Trust that one child will serve as Trustee of your other child’s Trust share (and vice versa) or you can include a provision for the appointment of a disinterested Trustee. If a son or a daughter were to predecease you, his or her share would remain in Trust for his or her own children to be administered pursuant to the terms of the Trust. That child’s share would not constitute part of his or her probate estate which involve significant time delays and cost. Furthermore, if your child died prior to you while receiving MassHealth benefi ts after the age of 55, MassHealth would not be able to pursue repayment from the Trust share belonging to your deceased child. MassHealth can only collect against the probate estate. This is another reason why a Trust is far superior than a deed to a child with a reserved life estate. With so many people living well into their 80’s and 90’s, it is not uncommon for a child to die before his or her parents. If that were to happen, the child’s estate would have to be probated as the “remainder” interest in the home was owned by the child at the time of his or her death. As part of the probate process, MassHealth is required to be notified of the probate proceedings. It is at this time that MassHealth will determine if benefi ts have been paid to the deceased. If so, MassHealth will fi le a claim in probate court in order to seek repayment. Placing the home in an irrevocable Trust would avoid these complications. MassHealth would not be able to lien the home as the home was not given directly to the deceased son or daughter. It was deeded to the irrevocable Trust instead. 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.

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