Epstein Secrets

SETA,EDWARD B STEPHAICH,LOUISE BEIR,DEBRA HOLLIS,EARL A WYSER-PRATTE,HEATHER

LD CHAMP,JOSEPH H LIPIN,BETH MB VENTURES OF PB INC MARUCCI JR,GEORGE E DUNST

if the loans that Leon has received from family trusts are repaid in kind with BFP interests or artwork after the death of the survivor of Leon and Debra. However, the "estate administration" exception generally can be utilized to exempt such transactions from the self-dealing rules if such repayments

to make Venture investments and loans in support of the entrepreneurial endeavors of the beneficiaries, including for example a limitation to three Ventures per beneficiary. It may be preferable to set forth such guidelines in a detailed Letter of Wishes from Leon to the independent Trustees or in a reso

rovisions of the Heritage and Legacy Trust Agreement (the "Agreement"). These issues are outlined below: I. Works of Art. Under the Documents, if Debra survives you, your individually owned art, first edition books and interests in Narrows I and II and Pent Holdings Inc. (collectively, your "Art") w

ntures profits should be shared. Some felt that sharing profits with non-Entrepreneur descendants will discourage the Entrepreneur from bringing the Ventures to the Trustees and also de-motive the other descendants from initiating their own Ventures (as it is easier to ride on the coattails of the Entrep