Epstein Secrets

e until Leon's Death Trust gets the death benefit less premium advances that go to AIF Any equity policy growth above DB goes to AIF Per memo from Carlyn: if the split $ arrangement is terminated, AIF would receive only the current cash value now AIF IV Mgmt under the split $ agreements pays the prem

Summary of Coverage Individual Life Insurance Coverage-on Leon Black- • Split-Dollar Entity: AIF IV Management, Inc. • Policy owner: Norman Brownstein, Trustee under the Leon D. Black Insurance Trust N1 dated September 13, 1999. • These policies' register dates are September 1999. Carrier Policy

, it was concluded that the Agreements should be terminated, or "rolled-out". C. Various Proposals to Roll-Out the Agreements. 1. 2010 Proposal. Carlyn's first proposal (August 2, 2010), involved the Black Family 1997 Trust (the "1997 Trust") purchasing the policies from the Trusts at their cash su

comparing the various proposals. A. Background. In 1999, you created two insurance trusts (Trust #1 and Trust #2, collectively, the "Trusts") with Norman Brownstein as Trustee. Trust #1 purchased $50 million of insurance on your life. Trust #2 purchased $100 million of insurance on the joint lives of you and Deb

he Net Aggregate Premiums, he will transfer his interests in the policies to the trustees of the 2006 Trust. If you have any questions, please call Carlyn at :Ir Elyse at CSMCC/EGK IRS Circular 230 Notice: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advi

s a proposal regarding the split-dollar insurance arrangements among you, AIF IV Management Inc., an S corporation wholly owned by you ("AIF"), and Norman Brownstein, the trustee of your 1999 Life Insurance Trusts (the "Trustee") We discussed this proposal with Eileen Alexanderson, Ada Clapp and Tom Turrin at a m