THE REVERE ADVOCATE – FRiDAy, SEpTEMbER 19, 2025 Page 15 ROUNDUP | FROM Page 14 ished in 18:53 on the 3.1-mile course. He was followed by Kosta Stamatopoulus (24:05), Cristian Requeno (24:22), Javier Rosa (26:05), Noah Shanley (26:47) and Andre Nguyen (27:32). The girls’ cross-country team, under longtime coach Katie Sinnott, opened with a win at Chelsea, defeating the Red Devils 15-50. “For half of the team it was their first race and with Chelsea’s home course being one of the longest in the GBL that Girls’ cross-country earns road victory MARKET | FROM Page 7 ry and local makers with a lineup of more than 20+ womenowned small businesses, delicious bites from Boston-area food trucks Bono Appetit and Crepe Shop, kids crafts with Essem Art Studio and live music throughout the day. Both family- and dog-friendly, the event offers a chance to shop unique jewelry, art and home goods, enjoy local flavors and was a daunting task,” Sinnott said. “They all completed the course and will look to make improvements as the season progresses.” Senior captain Olivia Rupp led the way with a first-place overall finish in 21:31. Senior Rania Hamdani placed third (24:07), junior Emma DeCrosta took fifth (29:11), while newcomers Marianna Monsalve Beard (35:09), Tram Ngoc Vu (36:13) and Valeria Acevedo Estrada (37:23) rounded out the scoring. Sinnott praised Rupp’s leadership and Hamdani’s strong senior season start, noting the team’s mix of experienced and new runners. connect with the community. The Yard @ Beachmont Square is conveniently located just steps away from Amaya and the MBTA Blue Line’s Beachmont Station at 10 Suffolk Downs Blvd. in Revere. For more information on Suffolk Downs, please visit atsuffolkdowns.com, and for more information on Boston Women’s Market and Makers @ The Yard, please visit bostonwomensmarket.com. TENANTS BY THE ENTIRETY A tenancy by the entirety is a special form of joint ownership of real estate available only to a married couple. In a tenancy by the entirety, neither spouse owns a separate interest in the real estate. Rather, each spouse (and both spouses as the marital unit) own the entire interest. Effective February 11, 1980, tenancies by the entirety in Massachusetts underwent radical change by virtue of a statutory amendment. The revision at last brought the statute in line with the concepts of gender equality as they had evolved, at least insofar as marital ownership of property is concerned, as of the final quarter of the 20th century. With the amendment, both spouses are equally entitled to the income from, and to the possession and control of property owned by them as tenants by the entirety, and each has a right to the whole on survivorship. Furthermore, so long as the property in question is the principal residence of the nondebtor spouse, a debtor spouse’s interest in the property held as tenants by the entirety is not subject to seizure or execution by creditors of the debtor spouse. The protection does not extend to collection efforts relating to debts for necessaries furnished to either spouse or to a family member. As to those debts, the statute imposes joint and several liability on both spouses. For any other type of debt, however, a debtor’s property held as tenants by the entirety is not subject to a creditor’s seizure or execution if (a) the property is the principal residence of the non-debtor spouse and (b) the nondebtor spouse has no liability for the debt. Although not subject to seizure and execution, a nondebtor spouse’s interest in the principal residence may be attached by a creditor. The resulting cloud on title creates a practical problem in the face of an upcoming sale or refinance of the property, in effect forcing the nondebtor spouse to negotiate with the creditor prior to the closing of the transaction in order to obtain a release of the attachment. It is important to review the deed to your home in order to determine how title is held. Often, two individuals take title as joint tenants with rights of survivorship or as tenants in common as the home was purchased prior to having been married. In that case, the two individuals can transfer the home to themselves for one dollar after they get married and would then take title as “husband and wife, as tenants by the entirety”. A declaration of homestead could also be recorded at the same time in order to protect up to $1,000,000 in equity in the home in the event of a lawsuit. If both spouses are age 62 or older, each spouse would receive a homestead exemption of $1,000,000 for a total of $2,000,000 of protection. Currently, when the home is transferred into a revocable trust or an irrevocable trust, you are able to receive the benefits of the homestead exemption. The revised homestead law was passed on March 16, 2011. Without the declaration of homestead, there is no asset protection benefit when you simply hold real estate in a revocable trust. There would be asset protection if you place real estate into an irrevocable trust and reserve no rights to receive principal. However, if there is rental property in an irrevocable Trust, for example, a creditor could place a lien on the right to receive the net rental income. At some point in time, the benefits of placing your home in trust along with a declaration of homestead will most likely outweigh the asset protection benefits of tenants by the entirety coupled with a declaration of homestead. Avoidance of probate, estate tax planning and nursing home protection planning are just some of the reasons why you might decide to place your home into a trust. 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. For Advertising with Results, call The Advocate Newspapers at 781-286-8500 or Info@advocatenews.net
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