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i Jeffrey, I believe this is the highlighted information you are asking for below: At last week's meeting, Leon indicated that the new Heritage and Legacy Trust should provide that: • Trustees have discretion to invest in an unlimited number of entrepreneurial ventures per descendant (no cap of 3 ventures
The provisions regarding sharing profits from an entrepreneurial venture stay as is. Leon is still deciding how much of the art he wishes to have in Debra's Marital Trust and eventually in the Heritage Trust. You asked Leon to make this decision by May 15th. From: Jeffrey Epstein [ma ilto:jeevacationagmail.comj Sent
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
k of America Loans and cover estate tax and (ii) all of his BFP interest would be used to repay the Note to the Heritage Trust and the Note to BFP. Debra's Marital Trust would be funded with art, residences and the GST exemption amount ($1,750,000). No other investment assets. Of course, Debra could require the Trust
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
k of America Loans and cover estate tax and (ii) all of his BFP interest would be used to repay the Note to the Heritage Trust and the Note to BFP. Debra's Marital Trust would be funded with art, residences and the GST exemption amount ($1,750,000). No other investment assets. Of course, Debra could require the Trus
Entities connected to both Legacy Trust and Debra's Marital Trust
Ada Clapp
PERSON
Jeffrey Epstein
PERSONLeon Black
PERSONDebra
PERSONEileen Alexanderson
PERSONthe Heritage Trust
ORGANIZATIONthe Marital Trust
ORGANIZATIONRevocable Trust
ORGANIZATIONBlack Family Partners
ORGANIZATIONOverview
ORGANIZATION
Melanie Spinella
PERSONUS Trust
ORGANIZATIONthe Estate Overview
ORGANIZATIONthe Legacy Trusts
ORGANIZATIONEstate Planning Overview
ORGANIZATION