Epstein Secrets

IAL thanks , i am aware of each point. . most not relevant .. sorry On Fri, Sep 22, 2017 at 12:32 PM, Barry J. Cohen Conversation with Heather and Alan: > wrote: • Art is valued on the same date for the estate as it is for a testamentary CLAT, even if the CLAT is not funded for years after death.

From: Barry J. Cohen Sent: Friday, September 22, 2017 5:17 PM To: jeffrey E. Subject: RE: Art in CLATs--PRIVILEGED AND CONFIDENTIAL Then I have misunderstood your past comments. I wrote this to address multiple issues I thought you specifically raise

r the most value to the kids. =. silly beyond belief. sorry On Fri, Sep 22, =017 at 12:32 PM, Barry J. Cohen wrote= Conversation with Heather and Alan: • Art is valued on the same=date for the estate as it is for a testamentary CLAT, even if the CLAT is =ot funded for years after death. ` If th

From: jeffrey E. <[email protected]> Sent: Friday, September 22, 2017 5:18 PM To: Barry J. Cohen; Melanie Spinella Subject: Re: Art in CLATs--PRIVILEGED AND CONFIDENTIAL there is a reason i have not engaged on this subject:40=AD and have no intention of doing so. * one point. barry, as t

r the most value to the kids. . silly beyond belief. sorry On Fri, Sep 22, 2017 at 12:32 PM, Barry J. Cohen > wrote: Conversation with Heather and Alan: • Art is valued on the same date for the estate as it is for a testamentary CLAT, even if the CLAT is not funded for years after death. o If the

From: "Barry J. Cohen" To: Jeffrey E. <[email protected]> Subject: RE: Art in CLATs—PRIVILEGED AND CONFIDENTIAL Sent: Friday, September 22, 2017 5:31:47 PM I completely agree that we could use more clarity from Leon. I have though

ly 23, 2017 4:41 PM To: Barry J. Cohen; Leon Black Subject: Re: [External] They are wrong ! Sorry I started to explain to=Leon. Neither them nor Alan has actually done one with major art . And in addition it relies on assumptions on future deductibility of =harities to s private foundation . Carel

&C basically thought =he estate plan was fine. They highlighted some low likelihood governance i=sues at Apollo that could screw up the testamentary CLATs. They note=that we have not maximized our GST. I'm sure Leon will be fine s=nding it to you and I hope to do so tomorrow. Sent from my iPhone On J

e planning. C.T.D. E.A.K. cc: Leon D. Black Alan S. Halperin (Paul, Weiss, Riflcind, Wharton & Ga

see no reason not to implement this planning now as flexibility can be maintained to take into account potential tax 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")