Epstein Secrets

re presumed to mirror those in Leon's documents. • Administration expenses are assumed to be $5 million in Leon's estate and are assumed to be 2% of Debra's probate estate. • Valuation discounts totaling 30% are applied to the value of Black Family Partners. L.P. interests. • The value of the GRATs i

ghest Federal Estate Highest New York Estate Credit Tax Rate Tax Rate 2014 5.340,000 $ 2,081,800 40% 16% Notes and Assumptions: • Leon and Debra are presumed to die in 2014 with Leon immediately predeceasing Debra. • Debra's Will and Revocable Trust provisions are presumed to mirror those in

he distribution guidelines outlined lithe Trust Agreement. Instead of maki-ig distributions to a descendant. the Trustees may distribute to hisiher Separate Trust. Discretionary Trust termilates 21 years after the death of the survivor of Leon's children and Debra. The remairiv trust property will be distribu

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.

's descendants (but not to his/her estate or creditors). Any property not appointed will be divided for the Beneficiary's descendants and held in a Separate Trust for each of them. If the Beneficiary has no descendants, the trust property will be divided for the descendants of the Beneficiary's nearest ancest

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,

e Beneficiary appoints by EFTA00585931 Page I 2 Will. Any property not appointed will be divided for the Beneficiary's descendants and held in a Separate Trust for each descendant. If the Beneficiary has no living descendants, the trust property will be divided for the descendants of the Beneficiary's near

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,

state or creditors) as the Beneficiary appoints by Will. Any property not appointed will be divided for the Beneficiary's descendants and held in a Separate Trust for each descendant. If the Beneficiary has no living descendants, the trust property will be divided for the descendants of the Beneficiary's near