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the prior Overview was inaccurate because their program was not updated and calculated the tax using the 35% rate in effect for 2012. The attached Overview reflects the 45% tax rate currently in effect. Items to highlight (noted with the last version): • The Overview illustrates the 1997 Trust and the
"discounted" Note with non discounted assets such as cash from monetization, or with appreciated BFP interests, assuming appreciation. I will bring the Estate Overview to our meeting with Leon on Wednesday so we can walk him through it. EFTA00663454 Best regards, Ada Clapp Black Family Partners do Apollo Manag
the prior Overview was inaccurate because their program was not updated and calculated the tax using the 35% rate in effect for 2012. The attached Overview reflects the 45% tax rate currently in effect. Items to highlight (noted with the last version): • The Overview illustrates the 1997 Trust and the
"discounted" Note with non discounted assets such as cash from monetization, or with appreciated BFP interests, assuming appreciation. I will bring the Estate Overview to our meeting with Leon on Wednesday so we can walk him through it. Best regards, Ada Clapp Black Family Partners do Apollo Management EFTA_R1
es AGM shares, the discounts will =disappear". Assuming no principal repayments, the note value =ill remain frozen at the discounted value. • The Overview assumes that Debra =as transferred title to all residences to Leon. =nbsp; Leon's new Will and Revocable Trust are drafted as if Leon =wns all resid
"discounted" Note with non discounted assets such as cash from =onetization, or with appreciated BFP interests, assuming =ppreciation. I will =ring the Estate Overview to our meeting with Leon on Wednesday so we =an walk him through it. EFTA_R1_01949008 EFTA02673286 Best =egards, New York NY 10019 phone IRS C
Entities connected to both Overview and the Estate Overview

Jeffrey Epstein
PERSONAda Clapp
PERSONUS Trust
ORGANIZATIONDebra
PERSONEileen Alexanderson
PERSONDebra's Marital Trust
ORGANIZATIONElysium Management LLC
ORGANIZATIONRevocable Trust
ORGANIZATIONLeon Black
PERSONthe Legacy Trusts
ORGANIZATION
Brad Wechsler
PERSONEstate Planning Overview
ORGANIZATIONBlack Family Partners
ORGANIZATIONthe Heritage Trust
ORGANIZATIONthe Marital Trust
ORGANIZATIONLegacy Trust
ORGANIZATION