Epstein Secrets

14 20:05:44 +0000 Also just started working with Barry Cohen on a possible 1031 exchange of a work of ar

documents Paul Weiss prepared to appoint new directors for the Leon Black Family Foundation. 6. Preparing a bullet point summary of Leon's Will and the Heritage Trust so you can speak with him about the changes he wishes to make to one or both documents 7. Prepare new illustrations for Estate Flow at $25 and $30/

ow Chart Upon Leon's Death Executory Debra Reek. Barry Cohen and Rchard Ressler Leon Black Gross Esta

pal to Debra and Leon's descendants. strata to the sienna:on guidelines maned in tie Trust Agreement. After Leon's death. art andtoilet-Wes held in the Heritage Trust designaled for a particular child will be darned to such chiiSs Legacy Tnnl. Alter Debra's death. simitury designaled items in the Marital Trust wa

e income as long as they hold interests in AOG. 10 Barry Cohen recently resigned as Trustee without designating a successor. We were provided with Barry's resignations from all of the other trusts of which he was serving as Trustee other than the 1992 Insurance Trust. Barry also is designated as an

the Black Family 1997 GST Exempt Trust holds GST tax- exempt assets. Because that trust does not include the more tailored governance provisions of the Heritage Trust, it may be desirable to consolidate the GST exempt assets in a single trust. 6 As of December 31, 2016. 7 In Part III.a. below, we recommend pou

tion when drafting the document). As a reminder: (i) the 2006 Trust Trustees are Leon, John and Richard and (ii) the Trustees of the 1997 Trust are Barry, John, Richard nDebra. Does Leon want to add Debra as a co-Trustee of the the APO1 and APO2 trusts after his death (she is only added as a Trustee o

please confirm October funding as opposed to November (with lower rate). Also, the Trustees listed in the APO I and APO2 trusts are the same as in the Heritage Trust: that is, Barry Cohen, John Hannan and Richard Ressler. Just want to confirm that this is what Leon wants (and not Paul Weiss's assumption when dra

Executors a. Debra, Barry Cohen and Richard Ressler will be co-Executors. b. Successors i. John Hannan will be designated as successor Executor to Barry. ii. Allison Ressler will be designated as successor Executor to Richard. c. Compensation i. Debra will not be entitled to compensation. ii. Othe

a will receive outright the Manhattan apartments; the remaining residences will be held in her marital trust. If Debra directs property to be sold, the Heritage Trust, followed by the children (or their Legacy Trusts) will have a right of first refusal. ii. If Debra predeceases, the Manhattan apartments will be s

ary Trust. Barry Cohen, John Hannan and Richard Ressler (and after your death, Debra) are Trustees of the Discretionary Trust. B. Separate Trusts. Barry, John and Richard are Trustees of each Separate Trust. After your death, each Beneficiary who attains age 35 becomes a co-Trustee, and upon attaini

OI GRAT, as well as the assets of the Black 2006 Family Trust upon a decanting of such trust by its trustees. Once you have settled on the terms of the Heritage Trust, it will be the ultimate recipient of the assets held under this Agreement. I. Discretionary Trust. Until such time as the Trustees decide to crea

ary Trust. Barry Cohen, John Hannan and Richard Ressler (and after your death, Debra) are Trustees of the Discretionary Trust. B. Separate Trusts. Barry, John and Richard are Trustees of each Separate Trust. After your death, each Beneficiary who attains age 35 becomes a co-Trustee, and upon attaini

ets of the Non-Exempt Trust under the Black Family 1997 Trust upon a decanting of such trust by its trustees. Once you have settled on the terms of the Heritage Trust, it will be the ultimate recipient of the assets held under this Agreement. I. Discretionary Trust. Until such time as the Trustees decide to crea