Epstein Secrets

s you appoint (to anyone other than yourself, your estate or the creditors of either). Any such property you fail to appoint will be distributed to Debra provided that she was your surviving spouse. b. Any remaining 2009 GRAT property not includable in your estate for estate tax purposes will be di

fy the annuity payments (see pages 8 and 24 of the Trust Agreement), which presumably would prohibit payment of compensation to the Trustees. IV. Grantor Trust. For added flexibility and to ensure grantor trust status, the Trust Agreement grants you power to substitute trust property with other property of

o create Separate Trusts for LDB's descendants (see II below), all trust property will be held in a single "Discretionary Trust" for the benefit of Debra and LDB's descendants. A. The Trustees have absolute discretion to distribute income and principal to Debra and LDB's descendants for any purpose.

of all trusts created by LDB is the lesser of (i) $400,000 per year (CPI adjusted) and (ii) 1/3rd of a New York annual statutory commission.' VI. Grantor Trust. For added flexibility and to ensure grantor trust status, the Declaration grants LDB power to substitute trust property with other property of equi

o create Separate Trusts for your descendants (see I B below), all trust property will be held in a single "Discretionary Trust" for the benefit of Debra and your descendants. A. The Trustees have broad discretion to distribute income and principal to Debra and your descendants, but before doing so,

ee of all trust created by you is the lesser of (i) $400,000 per year (CPI adjusted) and (ii) 1/3"I of a New York annual statutory commission. IV. Grantor Trust. For added flexibility and to ensure grantor trust status, the Agreement grants you power to substitute trust property with other property of equiva

"GRAT remainder") will be distributed as follows: 1. If you are living, the GRAT remainder will pass to the Discretionary Trust for the benefit of Debra and your descendants under the APOI Agreement (described in a separate memorandum). 1 Based on the October 2013 Section 7520 rate of 2.4%. EFTA005

J. Cohen, Richard Ressler and John J. Hannan will be your successor co-Trustees. C. Compensation. Trustees are not entitled to compensation. IV. Grantor Trust. For added flexibility and to ensure grantor trust status, the Agreement grants you power to substitute trust property with other property of equiva