Epstein Secrets

ffrey says he will do whatever Leon wants but he advises against the break-out from a cost standpoint. If he were to write separate policies for the Trusts and the LDB 2011 LLC he would do the same type of Umbrella policy that is currently in place (there would simply be 4 separate umbrella policies). W

e discussed, you will confirm that title to any art held in the Leon D. Black Investment Trust A (now terminated) was correctly changed. Ada Clapp Black Family Partners do Apollo Management 9 W 57th Street New Y phone: email: IRS Circular 230 Disclosure: Pursuant to IRS regulations, I inform you that any tax a

ffrey says he will do whatever Leon wants but he advises against the break-out from a cost standpoint. If he were to write separate policies for the Trusts and the LDB 2011 LLC he would do the same type of Umbrella policy that is currently in place (there would simply be 4 separate umbrella policies). W

discussed, you will confirm that title to any art held in the Leon D. Black Investment Trust A (now terminated) was correctly changed. Ada Clapp Black Family Partners do Apollo Management 9 W 57th Street New Y, rk NY tome phone email: IRS Circular 230 Disclosure: Pursuant to IRS regulations, I inform you tha

he Trusts must repay AIF the lesser of Premiums advanced or the then cash surrender values of the policies.2 To secure the repayment obligation, the Trusts assigned their insurance policies to AIF as collateral. I As you know, AIF (a subchapter S corporation) was formed in 1997 as the original general

ii Black Family Partners Apollo Management 9 West 57. Street New York, New York 10019 Ada Ca To: From: Date: Re: Leon D. Black Ada Clapp December 11, 2013 Status

ld be two: a pfd class with a coupon and a common class with all other rights including the right to use the art. Leon would own the pfd class, the Trusts would own the common class Example: Leon contributes $1bil Art The 2012 Trust contributes income producing property-namely interests in Black Fami

the Trusts would own the common class Example: Leon contributes $1bil Art The 2012 Trust contributes income producing property-namely interests in Black Family Partners with $1bil value at a coupon of 7% (tbd), Leon would receive income of $70miVyr No issue re Leon's control given the fixed coupon Character of the