Epstein Secrets

PRIVILEGED AND CONFIDENTIAL SULLIVAN & CROMWELL LLP July 12, 2017 Via E-mail MEMORANDUM TO: Ada Clapp Barry J. Cohen Bradley J. Wechsler (Elysium Management LLC) FROM: Charles T. Dowling Elizabeth A. Kubanik RE: Leon Black Estate Planning This

governance role they will take on after Leon's death. In addition, if the Heritage Trust is funded now Q.e., with assets from the existing trusts), the Legacy Trusts for the children could be funded It would not be appropriate for the assets of the 1992 and 1999 Insurance Trusts or the Black 2011 Family Trusts t

To: [email protected]]; Jeffrey [email protected]] From: Ada Clapp Sent Sat 4/12/2014 1:44:52 PM Subject: Re: Estate Overview Hi Jeffrey, As soon as I can get the updated financial information from Eileen I can

million of art from his estate and $100 million from the Heritage Trust to be held in each child's Legacy Trust. Leon's selection of what passes to the Legacy Trusts will dramatically influence the estate tax calculation. The greater the amount of includible art that passes to the Legacy Trusts on Debra's death,

From: Ada Clapp Sent: Monday, September 23, 2013 10:08 PM To: Jeffrey Epstein; Eileen Alexanderson Subject: Estate Overview Attachments: Black_EstatePlanning

million of art from his estate and =100 million from the Heritage Trust to be held in each child's Legacy =rust. Leon's selection of what passes to the Legacy Trusts will =ramatically influence the estate tax calculation. The greater the =mount of includible art that passes to the Legacy Trusts on Debra's =eath,