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ion. 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 Management 9 W 57th Street IRS Circular 230 Disclosure: Pursuant to IRS regulations, I inform you that any tax advice contained in this
f this. • The Overview assumes Leon selects $200 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 a
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") has the potential to make the CLATs very successful in building value for the remainder beneficiaries as such interests are highly EF
animously, as there can be as many as seven Trustees (including Richard, John and the four children). There can be as many as five Trustees of each Legacy Trust, and each of the children has the right to remove and replace the Trustees of the Legacy Trust for his or her benefit with independent Trustees upon
ming 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_02202979 EFTA02720050 emir IRS Circular 230 Disclosure: Pursuant to IRS regulations, I inform you that any tax ad
f this. • The Overview assumes Leon selects $200 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
Entities connected to both Black Family Partners and Legacy Trust
Leon Black
PERSON
Jeffrey Epstein
PERSONEileen Alexanderson
PERSONAda Clapp
PERSON
Alan Dershowitz
PERSON
Marc Rich
PERSON
Barry Diller
PERSON
Michael Cohen
PERSONDebra
PERSON
Melanie Spinella
PERSONElysium Management LLC
ORGANIZATIONUS Trust
ORGANIZATIONJohn Hannan
PERSONBarry Cohen
PERSONthe Heritage Trust
ORGANIZATIONthe Marital Trust
ORGANIZATIONRevocable Trust
ORGANIZATION
Bank of America
ORGANIZATIONthe Legacy Trusts
ORGANIZATIONLeon D.
PERSON