Page 18 THE SAUGUS ADVOCATE – FriDAy, JUly 12, 2024 SOUNDS| FROM PAGE 17 JULY 19: CONCERT SERIES: BACK TO THE 80s – 7 p.m. – Free General Admission or $10 Reserved Seating. JULY 20: TAYLOR DAYNE with THE ORIGINAL COVER GIRLS – 8 p.m. – $69 General Admission, $79 Reserved Seating, $120 Premium Seats, Early Admittance, Buffet & Host Bar. JULY 21: SUNDAY COUNTRY NIGHT LIVE: SAMANTHA RAE – 6 p.m. – Free General Admission or $10 Reserved Seating. JULY 24: BINGO NIGHT with DJ TOMMY – 7 p.m. – Free General Admission. JULY 26: CONCERT SERIES: PERFECT EXAMPLE – 7 p.m. – Free General Admission or $10 Reserved Seating. JULY 27: CONCERT SERIES: WILDFIRE – 7 p.m. – Free General Admission or $10 Reserved Seating. JULY 31: BINGO NIGHT with DJ TOMMY – 7 p.m. – Free General Admission. For all tickets, call the Kowloon Restaurant at 781-2330077 or access online at www. kowloonrestaurant.com What ’s breaking at Breakheart On Thursdays now through August, the Visitor Center will host a Wild Breakheart Series from 10–11 a.m. Join us for this rotating nature series as we explore different aspects of Breakheart! Meet outside the Visitor Center; rain cancels. During July, it will be Tree ID – explore the park and discover what trees are in the park and how to identify them. In August, park visitors can participate in Animal Exploration – enjoy discovering what an- LEGAL NOTICE - COMMONWEALTH OF MASSACHUSETTS THE TRIAL COURT PROBATE AND FAMILY COURT Essex Probate and Family Court 36 Federal Street Salem, MA 01970 Docket No. ES24P1971GD In the interests of: JENNA PAMELA BAILEY of Saugus, MA Minor NOTICE AND ORDER: PETITION FOR APPOINTMENT OF GUARDIAN OF A MINOR NOTICE TO ALL INTERESTED PARTIES 1. Hearing Date/Time: A hearing on a Petition for Appointment of Guardian of a Minor filed on 06/28/2024 by Kerry A. Penta of Saugus, MA, will be held 08/06/2024 08:30 AM Guardianship of Minor Hearing. Located: Essex Probate and Family Court, 36 Federal Street, Salem, MA 01970 2. Response to Petition: You may respond by filing a written response to the Petition or by appearing in person at the hearing. If you choose to file a written response, you need to: File the original with the Court; and Mail a copy to all interested parties at least five (5) business days before the hearing. 3. Counsel for the Minor: The minor (or an adult on behalf of the minor) has the right to request that counsel be appointed for the minor. 4. Counsel for Parents: If you are a parent of the minor child who is the subject of this proceeding you have a right to be represented by an attorney. If you want an attorney and cannot afford to pay for one and if you give proof that you are indigent, an attorney will be assigned to you. Your request for an attorney should be made immediately by filling out the Application of Appointment of Counsel form. Submit the application form in person or by mail at the court location where your case is going to be heard. 5. Presence of the Minor at Hearing: A minor over age 14 has the right to be present at any hearing, unless the Court finds that it is not in the minor’s best interests. THIS IS A LEGAL NOTICE: An important court proceeding that may affect your rights has been scheduled. If you do not understand this notice or other court papers, please contact an attorney for legal advice. Date: July 2, 2024 Pamela Casey O’Brien REGISTER OF PROBATE COURT July 12, 2024 CAN A SETTLOR OF AN IRREVOCABLE MEDICAID QUALIFYING TRUST RECEIVE PRINCIPAL DISTRIBUTIONS? T he Trustee of an irrevocable trust is prohibited from distributing any principal from the Trust to the Settlor (the person creating the Trust) in order for the Trust assets not to be counted for MassHealth purposes. A typical irrevocable Trust, will however, provide for the income generated from the underlying Trust assets to be distributed to the Settlor. In this instance, the Settlor would be the income beneficiary. The Settlor or Settlors, as the case may be, would presumably be paying for monthly living expenses with other sources of monthly income such as pension income and social security income. The interest and dividend income generated from the Trust’s liquid assets and net rental income, assuming rental real estate was also placed inside the irrevocable Trust, would be additional sources of monthly income to be utilized by the Settlor in order to meet his or her monthly expenses. The Settlors would have to look to other assets held outside of the irrevocable Trust in order to gain access to needed resources. For example, an IRA or a 401(k) account. These assets are typically not funded into an irrevocable Trust as they would first have to be liquidated with corresponding income taxes to be paid. That situation could be a last resort if the Settlor needed to qualify for MassHealth. Sometimes, people will gradually cash out these retirement accounts in order to stretch out the income over several years, thereby saving a lot of money in taxes. If a $300,000 IRA, for example, needed to be cashed out in one year in order to transfer to a spouse for MassHealth eligibility, the taxes in that one year would be substantial. There is also typically a provision in the irrevocable Trust that would allow for a distribution of principal to a member of a class consisting of children and grandchildren. This is a way to get principal out of the irrevocable Trust. However, under no circumstances, can the distribution of principal go to the Settlor. I suppose at that point, once funds are in the hands of the children or grandchildren, they are free to do what they want with the money, including possibility purchasing something that might just benefit the Settlor. Of course, a child or grandchild can certainly do that with his or her own money anyway. So it should not make a difference in a situation where funds are distributed from such a Trust to a child or grandchild and those funds are actually used to purchase goods or services for the Settlor. There is always a risk that the child will take the money and run. But when the Settlor reserves a “special power of appointment, exercisable via his or her Last Will and Testament, the Settlor could effectively disinherit a child or grandchild by “appointing” the Trust principal to someone else. This special power of appointment ends up giving a lot of control to the Settlor over the ultimate distribution of Trust assets. Joseph D. Cataldo is an estate planning/elder law attorney,Certified Public Accountant, Certified Financial Planner, AICPA Personal Financial Specialist and holds a masters degree in taxation. imals call Breakheart home! On Saturdays now through August, there will be an Easy, Breezy, Beautiful Hike from 1:30–3:30 p.m. (There will be no program on July 13.) Join the Park Interpreter for this weekly guided hike! Each trip will highlight natural and historic features that make Breakheart unique. Hikes will be moderately paced and range from two to three miles over sometimes uneven and rocky terrain; best for ages eight years and up. Meet at the Visitor Center. Rain cancels. On Fridays now through August, the Visitor Center will host a Kidleidoscope from 10:30–11:30 a.m. Come join our park interpreter for a story time and nature walk! Complete a small craft and explore the woods! Walks are gently paced and approximately one mile, though not accessible for strollers; appropriate for families with children three to five years old. Meet at the Visitor Center. (No program on July 13.) There will be Family Fishing on Saturdays now through August from 9:30–11:00 a.m. at Camp Nihan (131 Walnut St.). Join our park interpreter for a drop-in fishing program! Learn how to fish, what fish live in our ponds and how to catch and release responsibly. Bait and a handful of rods will be provided, but feel free to bring your own gear and fish with us and share your tips! No license required if fishing in this program. Appropriate for families with children five years old and up. Meet at Camp Nihan. Rain cancels. CHaRM Center is open The Town of Saugus announced that the CHaRM Center is open Wednesday and Saturday from 8 a.m. to 2 p.m. Residents will be required to buy a $25 Sticker to use the Compost Facilities as well as to recycle hard plastics. The rest of the Facility’s features are free to use for any Saugus resident. Residents are also allowed three TVs or computers/CRT monitors for free per household each year. The Town of Saugus reserves the right to refuse any material if quantity or quality is questionable. The final date the CHaRM Center will be open for the season is December 14. However, the Facility will be open the following winter dates, weather permitting: January 18, 2025, from 8 a.m. to 2 p.m.; February 15, 2025, from 8 a.m. to 2:00 p.m.; March 15, 2025, from 8:00 a.m. to 2:00 p.m. Please contact Solid Waste/ Recycling Coordinator Scott A. Brazis at 781-231-4036 with any questions. Brick program for Saugus War Monument THE SOUNDS | SEE PAGE 21
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