Epstein Secrets

DOCUMENT SUMMARY To: Leon D. Black From: Ada Clapp Date: April 12, 2013 cc: Eileen Alexanderson, Jeffrey Epstein Re: Debra and Leon D. Black Insurance Trust dated September 14, 1992 Following is a summary of the agreement (the "Trust Agreement") creating The Debra and Le

the "Beneficiary") and disposed of as follows: A. Until the Beneficiary attains age 25, the Trustee has broad discretion to distribute income from the Beneficiary's Trust to the Beneficiary. After age 25, the Beneficiary will receive all income at least quarterly. B. The Trustee has broad discretion to distribute pr

ditors of either). Any property Josh fails to appoint will be distributed to his descendants, or if none, to the descendants of his parents (you and Debra), subject in each case to a Beneficiary's Trust, described below. II. Trusts for Descendants. Any property of Josh's Trust payable to a descendant

neficiary with respect to his or her Beneficiary's Trust") and disposed of as follows: A. The Trustees must distribute any income and principal of the Beneficiary's Trust that the Individual Trustees determine is needed for the Beneficiary's health, education, support and maintenance. B. In addition, the Independen

editors of either). Any property Ben fails to appoint will be distributed to his descendants, or if none, to the descendants of his parents (you and Debra), subject in each case to a Beneficiary's Trust, described below. II. Trusts for Descendants. Any property of Ben's Trust payable to a descendant

neficiary with respect to his or her Beneficiary's Trust") and disposed of as follows: A. The Trustees must distribute any income and principal of the Beneficiary's Trust that the Individual Trustees determine is needed for the Beneficiary's health, education, support and maintenance. B. In addition, the Independen

. Trust During Ben's Lifetime. A. While Ben is living, the trust property will be held in a single trust for the benefit of Ben's descendants and Debra. The Independent Trustees have broad discretion to distribute income and principal to any one or more of them for any purpose. Any income not distr

rty not so exempt. EFTA00589547 Yggdrasil Trust Page 2 A. The Independent Trustees have broad discretion to distribute income and principal of the Beneficiary's Trust to the Beneficiary for any purpose but they must do so for the Beneficiary's health, education, support and maintenance. B. After age 35, the Bene

Trust During Alex's Lifetime. A. While Alex is living, the trust property will be held in a single trust for the benefit of Alex's descendants and Debra. The Independent Trustees have broad discretion to distribute income and principal to any one or more of them for any purpose. Any income not distr

perty not so exempt. EFTA00587237 Gandalf Trust Page 2 A. The Independent Trustees have broad discretion to distribute income and principal of the Beneficiary's Trust to the Beneficiary for any purpose but they must do so for the Beneficiary's health, education, support and maintenance. B. After age 35, the Bene

Victoria's Lifetime. A. While Victoria is living, the trust property will be held in a single trust for the benefit of Victoria's descendants and Debra. The Independent Trustees have broad discretion to distribute income and principal to any one or more of them for any purpose. Any income not distr

not so exempt. EFTA00587240 Rollo Tomasi Trust Page 2 A. The Independent Trustees have broad discretion to distribute income and principal of the Beneficiary's Trust to the Beneficiary for any purpose but they must do so for the Beneficiary's health, education, support and maintenance. B. After age 35, the Bene