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THE SAUGUS ADVOCATE – FriDAy, OCTOBEr 10, 2025 Page 17 Robert “Bobby” J. Motherway Revocable Trusts T he basic purpose of a revocable Trust is to avoid probate and, if necessary, provide provisions within the Trust document to eliminate or greatly reduce federal and Massachusetts estate taxes. A revocable Trust is a Will substitute but far superior in many of its features. The goal is to eliminate or greatly minimize the amount of assets that fall into the probate estate requiring the filing of the original Last Will and Testament at the appropriate Registry of Probate along with the required forms and filing fees. A probate asset would be an asset owned directly by the decedent in his or her name only at the time of death, or if the decedent did not provide for a beneficiary on an IRA account, 401(k) account or life insurance policy. Alternatively, the primary beneficiary named may have predeceased the decedent and no contingent beneficiary was named. There are instances where you might want to have a probate estate. For example, if you name the estate the beneficiary of your IRA account and have already begun taking your required minimum distributions, and you are concerned about your surviving spouse going into a nursing home, then naming your estate as the beneficiary and creating a Testamentary Trust within your Last Will and Testament for the benefit of your surviving spouse, the assets in that Trust would be protected from the nursing home. The Trustee of the Testamentary Trust spouse would then be required to take required distributions from your IRA based upon your “ghost” life expectancy. This was made possible under the Secure Act. The Trustee could then make distributions of not only income to your surviving spouse, but also distributions of principal. If you died without having reached your required beginning date of 73 years of age, the Trustee of the Testamentary Trust would have to deplete the IRA account by the end of the fifth year following the year of your death. Therefore, you must meet your required beginning date for this strategy to work. For tax purposes, the person who creates the Trust may use his or her social security number when opening up a bank account or brokerage account in the name of the Trust. No separate tax returns need to be filed for a revocable Trust. Appreciated assets such as real estate or stock held inside a revocable Trust receive the so-called step-up in cost basis upon your death equal to the fair market value of the assets at the time of your death. Therefore, a subsequent sale of the assets after your death would result in little or no capital gain, depending upon future appreciation of the assets. Keep in mind, since the Donor or Settlor of a revocable Trust has total control over the Trust assets and retains the ability to alter, amend or revoke the Trust, there is no nursing home protection with these Trusts. An irrevocable Trust would be necessary to achieve that objective. Upon the death of the Donor or Settlor of a revocable Trust, the Trust would then become irrevocable requiring the filing of Trust tax returns if there is income being generated by the Trust. A federal ID number for the Trust would then have to be applied for. 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. O f Saugus . A g e 71, passed away peacefully on Thursday, October 2nd at Melrose-Wakefield Hospital surrounded by his family. Born and raised in East Boston, Bob was the son of the late Peter F. and Rose (Donahue) Motherway. He dedicated 44 years of service to NeighborHealth Center in East Boston. For more than 30 years, Bob joyfully took on the role of Santa for medically sensitive children of the CATCH program, bringing light and joy to families during the holiday season. Bob was a veteran of the US Navy and Army Reserve. He was the beloved husband of Ann Doucette, with OBITUARIES whom he shared 22 wonderful years of life. In addition to his wife Ann, Bob is survived by his loving daughters, Laura Motherway of Malden, and Marilyn Faulkner and her husband Joshua of Peabody. He was the cherished grandfather of Jonathan, Kevin, and Cecilia. Bob was the dear brother of John Motherway and his wife Anni of AZ, Rose “Mickey” Motherway, George Motherway, and Joyce Motherway, all of Revere, and the late Peter Motherway. He was the brother-inlaw of Patricia Motherway of Revere, and is also survived by many nieces and nephews, all of whom he loved dearly. Bob loved playing poker with his friends Keith, Joe, Henry, Lou, Frank and Keith A. Relatives and friends were invited to attend a Celebration of Life in the Bisbee-Porcella Funeral Home, Saugus, on Wednesday, October 8. Rose J. “Dolly” (Baxter) Annese O Coaching their youth sports teams gave me firsthand insight into the community — what’s changed over the years, what’s worked well, and what still needs attention. I bring six years of experience serving on the School Committee, including four as Chairman. I’m well-versed in municipal budgeting and the role of Massachusetts General Law in town governance. My time in office has taught me the importance of collaboration, fiscal responsibility, and longterm planning. In addition to public service, I’ve run my own business in another community, giving me a broader understanding of how different towns operf Saugus. Age 95, died on Wednesday, October 1st at Lowell General Hospital. She was the wife of the late Michael Annese. Born and raised in Beverly, Mrs. Annese was the daughter of the late Edward Baxter and Josephine (Mirandi) Belisle. A resident NINE CANDIDATES | FROM PAGE 16 ate and how we can apply best practices here in Saugus. I hold a degree in History and a minor in Business, which helps me approach problems analytically and practically. What sets me apart is my ability to remain open-minded and solutions focused. I evaluate every issue by asking what best serves our residents, employees, and future. I am an independent thinker who is not influenced by personal agendas or politics — only by what’s right for our town. Now more than ever, we need to come together as a community. It’s time to put aside our differences and work collaboratively to strengthen every corner of Saugus of Saugus since 1950, Dolly was a member of the Hammersmith Quilters Guild. Mrs. Annese is survived by her son, Michael Annese and his wife Terry of Peabody; two daughters, Rosanne DesRosiers and her late husband James of Saugus and Betteann Annese and her husband Marco Aismondo of Chelmsford; eleven grandchildren and six great-grandchildren. She was predeceased by her two sisters, Nancy Young and Constance Poretta. Relatives and friends were invited to attend a visitation in the Bisbee-Porcella Funeral Home, Saugus on Wednesday, October 8 followed by a funeral mass in Blessed Sacrament Church, Saugus. Interment at Riverside Cemetery in Saugus. In lieu of flowers, donations in Dolly’s — from education and public safety to supporting our local businesses. The time to act is now. Sandro Pansini Souza, former candidate for Selectman What qualifies me to serve on the next Saugus Board of Selectmen is a combination of leadership, business experience, and community involvement rooted in both service and accountability. As the Treasurer and Board Member of Saugus Community Television, I’ve worked to increase transparency, protect public resources, and strengthen partnerships with the Town. Founder and CEO of Beyond FiNINE CANDIDATES | SEE PAGE 18

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