Page 16 THE SAUGUS ADVOCATE – FriDAy, NOVEMbEr 21, 2025 SOUNDS | FROM PAGE 15 Saugus High Class of 1965 reunion The Saugus High Class of 1965 will be celebrating its 60th Reunion on Saturday, Nov. 29, at Prince Pizzeria on Route 1 South in Saugus. Cost is $50 per person. You can contact Ellen Santosuosso at 781-666-3470 or esantosuosso@gmail.com for more details. Come join your friends and classmates for our 60th Reunion. There’s a bonus for those alumni who attend the reunion: The new Saugus Middle-High School will be open on that Saturday from 10 a.m. to noon. It will be a great opportunity to see the new campus. Saugus High Class of 1980 Reunion is Nov. 29 The 1980 Saugus High Class will observe its 45th Reunion on Saturday, Nov. 29, at the Saugus Elks Hall. Hello everyone. Although our 1980 SHS Class is not merging with any other classes, we wanted to extend the invitation to our friends and family members that would like to join us. I (Pete Nicolo) have several friends that did not APPORTIONMENT OF ESTATE TAXES W here an estate is clearly anticipated to be exempt from federal and Massachusetts estate tax, estate tax apportionment among beneficiaries is simply not significant. However, in estates that are greater than the current federal estate tax threshold of $13,999,000 or are greater than the current Massachusetts estate tax threshold of $2,000,000, but that do not qualify for the marital or charitable deductions, apportionment can significantly affect the beneficiaries of the estate. The federal estate tax exemption will rise to $15million on January 1, 2026. The estate tax clause can affect the economic interests of those who are to receive your probate and nonprobate property. If, for example, all estate taxes resulting from your death are to be paid out of the residue of your probate estate, then those individuals who take property outside of your Will (for example via life insurance, jointly held property, beneficiary of IRA account), or by a nonresiduary testamentary bequest or devise (for example, a specific bequest of personal property or a specific devise of real estate) may be advantaged at the expense of your beneficiaries who take under the residuary clause. You should be aware of the effect a particular tax clause in your Will would have on your estate plan’s dispositive scheme and you should be aware of what the alternatives are insofar as allocating the estate tax burden is concerned. Absent a contrary provision ample, or the recipients of life insurance or pension benefits are not expected to contribute to the estate taxes, either because the amount passing to them is small in comparison to the residuary legatees or they are preferred beneficiaries, an estate tax clause allocating all estate taxes to the residue is necessary. 3. Where a residue clause in your Will, federal and Massachusetts estate taxes will be apportioned pursuant to Mass General Laws, Chapter 65C and Chapter 190B, Article III, Section 3-916. Collateral provisions of the Internal Revenue Code (Sections 2206, 2207(A) and 2603(b) generally consistent with Massachusetts law, also apply. The general scheme is that all estate taxes on probate property are payable from the residue, and estate taxes on nonprobate property are allocated to the recipients of such property. All Wills should contain carefully drafted estate tax clauses. This is particularly important in the following circumstances: 1. Where specific bequests carry a substantial portion of the estate value, would it be fair for the residuary legatees to pay a portion of the estate taxes allocable to the specific bequests? If not, an estate tax clause allocating a proportionate estate tax burden to the specific bequests is required. 2. Where it is desired that the surviving joint owners of bank accounts, for exbequeaths a share to an otherwise tax-exempt beneficiary, such as a surviving spouse or public charity, the shares of these beneficiaries should be exempted from contributing to the estate taxes. Otherwise, the deduction for the bequest to the surviving spouse or the public charity will be reduced, thus serving to increase the estate taxes paid. Estate tax clauses should also be included in estate planning trusts when more complicated estates are involved. Remember, many assets are included in your “taxable” estate upon your death but yet would not constitute part of your “probate” estate. Assets in your taxable estate would include life insurance death benefits, jointly held assets, assets housed in living trusts, IRA accounts, pension plans, annuities, etc. Your Will only speaks upon your death and only affects property held by you in your individual name at the time of your death. 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. ART AT THE LIBRARY: Now on display in the First Floor Reading Room: holiday, abstract and floral paintings shared with the Library and its patrons – original works by Marie Floramo of Saugus. (Courtesy photo to The Saugus Advocate) graduate in our year (1980) that will be attending. Most of us have kept in touch with some of our classmates / friends throughout the years. But what about the classmates / friends that you would love to see and have not seen in decades? I’ve recently reconnected with a couple of Classmates that I really hung out with and had a lot of laughs with in High School – hadn’t seen them in over 40 years. It has been quite a wonderful experience for me to reconnect with them. This is an opportunity to reconnect or simply have some laughs with old friends. Come see your SHS friends and be a part of making this a memorable event. We expect a good turnout – you’ll have a Blast! Some of the people we have sent / extended the invitation to are: • Invites were extended to our entire 1980 Saugus High Class (over 90% of 1980 Classmates contacted – including Classmates living overseas) • Saugus Jr. High Classmates that left and graduated from other High Schools • Saugus High family members (1 Classmate has 2 sisters that graduated a couple of years earlier and later) • Saugus High School teachers and coaches attending (Babcock, Volpe, Melvin, Ward and others) – please feel free to reach out / THE SOUNDS | SEE PAGE 21 ~ School Bus Drivers Wanted ~ 7D Licensed School Bus Drivers Malden Trans is looking for reliable drivers for the new school year. We provide ongoing training and support for licensing requirements. Applicant preferably lives local (Malden, Everett, Revere). Part-time positions available and based on AM & PM school hours....15-30 hours per week. Good driver history from Registry a MUST! If interested, please call David @ 781-322-9401. CDL SCHOOL BUS DRIVER WANTED Compensation: $28/hour School bus transportation company seeking active CDL drivers who live LOCALLY (Malden, Everett, Chelsea and immediate surrounding communities). - Applicant MUST have BOTH S and P endorsements as well as Massachusetts school bus certificate. Good driver history from Registry a MUST! - Part-time hours, BUT GUARANTEED 20-35 HOURS PER WEEK depending on experience. Contact David @ 781-322-9401.
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