John Paul II clone Bishop Richard Malone of Maine circumventing the law
Is Bishop Richard Malone of Maine circumventing the law by signing a legal document in which he attests that his primary residence is located in Massachusetts, and not in Maine?
A person’s primary residence is the dwelling where they usually live, typically a house or an apartment. A person can only have one primary residence at any given time. A primary residence is considered as a legal residence for the purpose of income tax, acquiring a mortgage and filing for a homestead exemption. Bishop Malone not only resides in Maine for the overwhelming majority of days each year, he is a registered Maine voter, has a Maine driver’s license and registers the car he owns in Maine.
Bishop Malone filed a Declaration of Homestead with the state of Massachusetts in order to protect from creditors the home he co-owns (with Rev. Paul E. Miceli*) at 51 Hazelwood Drive, South Dennis, Massachusetts.
An Estate of Homestead is a type of protection for a person’s residence, in the form of a document called a “Declaration of Estate of Homestead”. The form is filed at the Registry of Deeds in the county where the property is located**.
It allows homeowners in Massachusetts to protect certain equity in their principal residence from the majority of creditors up to five hundred thousand dollars ($500,000). Homestead Declarations are for primary residences only and do not apply to vacation homes or investment property.
In addition, by declaring the South Dennis home as his primary residence, Bishop Malone would be able to circumvent capital gains taxes should he decide to sell the property.
The following press release from the Ignatius Group was sent to Maine, Massachusetts, Connecticut, and New Hampshire media
For immediate release:
Tuesday, December 2, 2008
For more information:
Paul Kendrick (207) 838 1319 firstname.lastname@example.org