Epstein Secrets

ection) necessary or proper in their opinion in the administration of any Trust as fully as if they were the absolute owners of such property. (B) Reliance on Statement of Assets or Income. If the Independent Trustees of a Trust decide to consider the assets or income (or both) of a Beneficiary in exerc

: DEFLNITIONS AND RULES OF CONSTRUCTION (A) Senior's Family. The Senior is married to DEBRA R. BLACK ("DEBRA"). The Senior has four (4) children, BENJAMIN ELI BLACK, JOSHUA MAX BLACK, ALEXANDER SAMUEL BLACK and VICTORIA RACHEL BLACK, who together with all children born to or adopted by the Senior after the date

enses incurred in connection therewith out of such Trust; and to sell quantities of any commodity or currency for present or future delivery. (C) Reliance on Statement of Financial Resources. If the Trustees and/or Independent Trustees of a Trust consider the financial resources of a beneficiary in exe

. (20) "SCPA": the New York Surrogate's Court Procedure Act. (21) "Settlor": DEBRA R. BLACK. (22) "Settlor's Children": the Settlor's children, BENJAMIN ELI BLACK, JOSHUA MAX BLACK, ALEXANDER SAMUEL BLACK and VICTORIA RACHEL BLACK, all children born to the Settlor after the date of this Trust Agreement who ar

iversification requirement that would otherwise apply, including one imposed by a Prudent Investor Act or similar applicable law, is negated. (C) Reliance on Statement of Financial Resources. If the Trustees and/or Independent Trustees of a Trust consider the fmancial resources of a beneficiary in exer

ere the grantor, as that term is used in § 672(c) of the Code). (25) "Settlor": LEON D. BLACK. (26) "Settlor's Children": the Settlor's children, BENJAMIN ELI BLACK, JOSHUA MAX BLACK, ALEXANDER SAMUEL BLACK and VICTORIA RACHEL BLACK, all children born to the Settlor after the date of this Trust Agreement who ar

iversification requirement that would otherwise apply, including one imposed by a Prudent Investor Act or similar applicable law, is negated. (C) Reliance on Statement of Financial Resources. If the Trustees and/or Independent Trustees of a Trust consider the financial resources of a beneficiary in exe

ere the grantor, as that term is used in § 672(c) of the Code). (13) "Settlor": LEON D. BLACK. (14) "Settlor's Children": the Settlor's children, BENJAMIN ELI BLACK, JOSHUA MAX BLACK, ALEXANDER SAMUEL BLACK, VICTORIA RACHEL BLACK, and any children born to or adopted by the Settlor after the execution of the Ori