Page 20 THE REVERE ADVOCATE – FRIDAY, AUGUST 26, 2022 Revere Department of Public Works to Host Revere Public Works Day September 10 at Rumney Marsh Academy REVERE, MA -- The Revere Department of Public Works announced Revere Public Works Day 2022 is being held on Saturday, September 10th, 2022 at the Rumney Marsh Academy between 10am – 2pm. This event will showcase services the DPW and Water/Sewer Departments provide throughout the city and give residents and kids a chance to learn more about this essential department. There will be several educational games and activities for children of all HAIRCUTS | FROM Page 1 barber Artie Cook, 30 kids in need will start off their schoolyear with a fresh new cut. “Derek is my barber and reached out to me a few weeks ago with this idea, so I knew we needed to help out,” said Mayor Brian Arrigo. “He didn’t want any attention, he just wanted to put smiles on their faces – that’s what this community is all about. I’m really proud of Derek for putting this together and I thank Jenna Cirino for stepping up to the plate. This will make a huge diff erence for these kids going into the schoolyear.” Revere Department of Public Health Director Lauren Buck dropped off back-to-school kits at the beginning of the day with the City of Revere Social Worker, Nicole Palermo. The kits are all fi lled with products needed to keep them feeling fresh and clean throughout the school year – including shampoo, deoages. Tons of freebies, a bounce house, face painting, DJ and more will be available to add to the excitement. The Revere 311 office will be there to answer questions and open tickets for issues residents may have in Revere, like potholes, raised sidewalks, and more. The MWRA will also be in attendance to provide educational materials and provide clean and fresh water to attendees with the help of their water truck. A bulky item drop off will be available in the parking lot of Revere High School on this day as well. ONLY non-hazardous bulky items will be accepted (i.e., mattresses, furniture, bicycles, wood up to 4ft in length, lawn furniture, etc.). Items that will not be accepted are appliances, electronics, paint, and batteries. Money will be accepted by cash or check only. Attendees are asked to park in the Revere High School parking lot at 101 School Street for this event. JOINT INVESTMENT ACCOUNTS AND MASSHEALTH Mayor Brian Arrigo is shown with Derek Anemoduris, owner of Derek’s Barber Shop, Revere-raised hairdresser Jenna Cirino and barber Artie Cook outside Derek’s Barber Shop on Monday. dorant and other toiletries. Derek’s Barber Shop is located on 235 Park Ave. in Revere, and Hairdresser Jenna Cirino is shown w o rk ing on a student’s hair as barber Artie Cook awaits his next client. Jenna Cirino currently works at B&B Salon (679 Fellsway West) in Medford, Mass. Any asset, with the exception of joint bank accounts, owned by two or more single individuals is presumed to be owned in equal shares, unless a diff erent percentage of ownership is substantiated. For example, a joint brokerage account with Fidelity owned by a parent applying for MassHealth benefits owned jointly with his or her son would only be a countable asset for eligibility purposes to the extent of 50% of that account value. Joint bank accounts, on the other hand, will be counted in full for MassHealth eligibility purposes, unless the other joint owner can prove contribution towards the balance in the bank accounts. The longer the joint brokerage account has been established, the more likely that MassHealth would only count 50% of the value of the account upon submitting an application for MassHealth benefi ts. If you were to open up a joint brokerage account several months prior to applying for MassHealth, it is likely the application would be denied as MassHealth would proceed to count 100% of the value of the account as opposed to 50%. The adding of a child as a joint owner of the brokerage account would be treated as a disqualifying transfer subject to the fi ve-year look back period. If you are concerned that a loved one, who is not married, and who may be in need of nursing home care well within the next fi ve years, it might be worthwhile looking into taking some bank account monies and transferring them to a brokerage account in the name of the person who will soon be entering the nursing home and a son or daughter. If enough time goes by after the establishment of such an account, at least half of the monies will be protected. If MassHealth took the position that the entire account is countable, then excess assets in that situation could be transferred to a pooled trust depending upon the particular facts and circumstances. The pooled trust will take the excess countable assets off the table and convert them to non-countable assets held by the non-profit pooled trust entity. Monies can be spent on the nursing home resident on items and services not covered by MassHealth. There is a payback provision to MassHealth and there is an amount that will be retained by the charity depending on how long the recipient of MassHealth benefi ts resides in the nursing home. Even a Medicaid annuity should be looked at as another option of protecting as much money as possible. Countable assets are converted to a non-countable income stream that would have to be paid to the nursing home. By doing this, you would at least be able to obtain approval for MassHealth benefi ts. 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. 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. BUYER1 REAL ESTATE TRANSACTIONS SELLER1 BUYER2 Pena, Maria Zavala, Glenda Valdovinos, Jose Valdovinos, Cris na Meier, Eleanor E Beltran Gregorio Est Berrio, Carlos A SELLER2 Meier, Thomas 182 Proctor Ave ADDRESS DATE PRICE 08.04.22 595000 Debeltran, Maria M 509 Broadway #1 08.01.22 215000 Jimenez, Alba 21-23 Central Ave 08.03.22 825000
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