Epstein Secrets

best seller of art, so he should seriously consider doing it before death. Not sure he is amenable. Barry 1. Cohen President and Special Counsel Elysium Management, LLC I 445 Park Avenue Suite 1401 New York NY 10022 please note The information contained in this communication is confidential, may be attorney

From: "Barry J. Cohen" To: Jeffrey E. <[email protected]> Subject: RE: Art in CLATs—PRIVILEGED AND CONFIDENTIAL Sent: Friday, September 22, 2017 5:31:47 PM I completely agree that we could use more clarity from Leon. I have though

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 memorandum summarizes our high-level thoughts on Leon Black's

see no reason not to implement this planning now as flexibility can be maintained to take into account potential tax changes by providing that the CLATs will be funded only in the event there is an estate tax upon Leon's death. Funding the CLATs with interests in Black Family Partners, L.P. ("BFP")

kend we're going to try and circulate a strawman for how the new plane will be owned and operated. Barry J. Cohen President and Special Counsel I Elysium Management, LLC I 445 Park Avenue Suite 1401 New York, NY 10022 I Tel. -I Cell EFTA00698012

We are not aware of anyone on our team who has put art in OATS, but would note the following o There are 2 chapters in Ralph Lerner's book on art in CLATs, so it doesn't seem like an alien concept o In any event, we just aren't seeing the risk. We thought about valuation issues, but valuation seems kin