Epstein Secrets

ons hereinafter set forth in this Agreement. This trust shall be known as the APO] GRAT No. 7. FIRST: ANNUITY TRUST The Property shall be held by the Trustees IN TRUST for the Trust Term (as defined in Clause SEVENTH). (A) In each year of the Trust Term, the Trustees shall pay to the Grantor, or the Grantor's es

rustee hereunder, and a vacancy in the office of Trustee occurs which is not filled in accordance with the provisions of subparagraph (AX2) of this Clause, BARRY J. COHEN, RICHARD RESSLER, and JOHN J. HANNAN shall become the Trustees hereunder in his place. (2) Each individual serving from time to t

aragraph (C) of this Clause SIXTH. (B) If DEBRA survives the Grantor, the amount set aside in paragraph (A) of this Clause SIXTH shall be held by the Trustees IN TRUST (the "GST Marital Trust"), as follows: 1I Dceil USI 8489098vI6 019246-00003 EFTA00601840 (1) During the life of DEBRA, the Trustees shall pay

han the Grantor shall prevent the successors named in paragraph (A) above from qualifying as successor. (2) Subject to subparagraph (B)(4) of this Clause, the individuals serving at any time as Trustees, acting unanimously if more than one is serving, may appoint any person or bank or trust company t

ons hereinafter set forth in this Agreement. This trust shall be known as the APOI GRAT No. 7. FIRST: ANNUITY TRUST The Property shall be held by the Trustees IN TRUST for the Trust Term (as defined in Clause SEVENTH). (A) In each year of the Trust Tenn, the Trustees shall pay to the Grantor, or the Grantor's es

ustee hereunder, and a vacancy in the office of Trustee occurs which is not filled in accordance with the provisions of subparagraph (A)(2) of this Clause, BARRY J. COHEN, RICHARD RESSLER, and JOHN J. IIANNAN shall become the Trustees hereunder in his place. (2) Each individual serving from time to

FIRST. FIRST: DISCRETIONARY TRUST All trust property directed to be disposed of under, or in accordance with, this Clause FIRST shall be held by the Trustees IN TRUST (the "Discretionary Trust") in accordance with the following provisions: (A) The Trustees shall pay so much of the income of the Discretionary Tr

roperty of equivalent value, shall seek a determination by a court of competent jurisdiction to assure that the equivalent value requirement of this Clause is satisfied. If no Independent Trustee is then serving, upon the exercise of this power by LEON, the Trustees shall appoint an Independent Trustee

FIRST. FIRST: DISCRETIONARY TRUST All trust property directed to be disposed of under, or in accordance with, this Clause FIRST shall be held by the Trustees IN TRUST (the "Discretionary Trust") in accordance with the following provisions: (A) The Trustees shall pay so much of the income of the Discretionary Tr

st under this Clause for which an election is made by LEON's Executors to qualify for the marital deduction. Any trust principal passing under this Clause which LEON's Executors elect to qualify for the marital deduction for either state estate tax purposes or Federal estate tax purposes, but not both,