Epstein Secrets

PRIVILEGED - ATTORNEY WORK PRODUCT - DRAFT EMPIRE VALUATION CONSULTANTS. = PRIVATE & CONFIDENTIAL May 10, 2016 Alan Halperin, Esq. Paul. Weiss, Rifkind. Wharton & Garrison LLP Dear Mr. Halperin: You have requested that Empire Valuation Consultants, LLC ("Empire") provide a response to the IRS's re

for each valuation, we are providing a single response that is applicable in both cases. We understand the IRS is seeking an explanation as to why Empire selected a lower, combined, lack of control and marketability discount of 15% rather than a higher one. Empire did consider, as a starting point i

Consultants, LLC ("Empire") provide a response to the IRS's request for an explanation of the lack of control and marketability discount applied in Empire's valuations of: (1) a 37.75% interest in Black Family Partners, LP ("BFP") as of October 25, 2013; and (2) a 34.53% interest in BFP as of December

ILEGED - ATTORNEY WORK PRODUCT - DRAFT EMPIRE VALUATION CONSULTANTS. tic PRIVATE & CONFIDENTIAL April 28, 2016 Alan Halperin, Esq. Paul, Weiss, Rifkind, Wharton & Garrison LLP 1285 Avenue of the Americas New York, NY 10019-6064 Dear Mr. Halperin: You have requested that Empire Valuation Consultan

udy as guidance for selecting an applicable lack of control and marketability discount. While these items are referenced separately in our report, Empire determined that it was reasonable to select a combined lack of control and marketability discount that was below a combined level of the low end of

Consultants, LLC ("Empire") provide a response to the IRS's request for an explanation of the lack of control and marketability discount applied in Empire's valuations of: (1) a 37.75% interest in Black Family Partners, LP ("BFP") as of October 25, 2013; and (2) a 34.53% interest in BFP as of December

it arrived at a valuation discount on the low end. Let's discuss the response and next steps. Thanks. Alan Alan S. Halperin I Partner Paul, Weiss, Rifkind, Wharton & Garrison LLP 1285 Avenue of the Americas New York, NY 10019-6064 (212) 373-3313 (Direct Phone)I(212) 492-0313 (Direct Fax) (10 hours ago

nses etc.. many outside counsel with litle or no coordination. Paul Weisss , Mcdermit Will, Macfarlanes. Price Waterhouse , Reich, withers bergman, Empire, akin gump, bbd seidman, Wendy , Apollo in house . lumber, knowledge universe, ennvironmental, solutions 12 mii in stock, . on and on the priority

=ecommending to another party any transaction or matter addressed herein. Click Here f=r More Information Alan S. Halperin I Partner Paul, Weiss, Rifkind, Wharton & Garrison LLP 1285 Avenue of the Americas New York, NY 10019-6064 <tel (Direct Phone) (Direct Fax <mailto From: &=uot;Ada Clapp" <

ct: Re: GRATs let them decide . i do not want to=influence their outcome On Wed, Feb 26, 2014 at 12:46 PM, Ada Clapp <mailto » wrote: I did ask Empire about dong the valuati=ns that way and was told they did not do their valuations in this manner b=cause it did not take into account a discount asso

to the split dollar insurance arrangement was determined and s=nd me the supporting document? Alan Alan S. Halperin</=pan> I Partner Paul, Weiss, Rifkind, Wharton & Garrison LIP 1285 Avenue of the Americas I New York, NY 10019-6064 www.paulweiss.com <http: www.pau weiss.com> From: Thomas Turrin Sen

ons) that are kicking off the audits. He did say that he would try to "move the audi=s along".... He also said he sees (and audits) valuations from Empire all the time. I'm reachable all day, if you would like to ca=l. Tom THOMAS TURRIN, CPA Partner Raich Ende Malter & Co. LLP 1375 Broadway<=o:p>

to the split dollar insurance arrangement was determined and s=nd me the supporting document? Alan Alan S. Halperin</=pan> I Partner Paul, Weiss, Rifkind, Wharton & Garrison LLP 1285 Avenue of the Americas I New York, NY 10019.6064 www.paulweiss.com <http://www.paulweiss.com> From: Thomas Turrin Se

ons) that are kicking off the audits. He did say that he would try to "move the audi=s along".... He also said he sees (and audits) valuations from Empire all the time. I'm reachable all day, if you would like to ca=l. Tom THOMAS TURRIN, CPAap> Partner Raich Ende Malter & =o. LLP 1375 Broadway<=o:

EMPIRE VALUATION CONSULTANTS. at: PRIVATE & CONFIDENTIAL June 24, 2014 Alan S. Halperin, Esq. Paul, Weiss, Rifkind, Wharton & Garrison LLP 1285 Avenue of the Americas, Suite 3115 New York, NY 10019-6064 Dear Mr. Halperin: You have requested Empire Valuation Co

is summary letter will be used by you and the Client for estate planning purposes related to a GRAT annuity payment. To estimate the PIK Interest, Empire relied on the valuation report dated August 21, 2015, with an effective date of June 3, 2015 (the "Empire Report"). By reference, the Empire Report

it arrived at a valuation discount on the low end. Let’s discuss the response and next steps. Thanks. Alan Alan S. Halperin | Partnerst'Paul, Weiss, Rifkind, Wharton & Garrison LLPists!1285 Avenue of the Americas | New York, NY 10019-6064'ctp Direct Phone) | (Direct Fax ste | www.paulweiss.com (10 hours

enses etc. . many outside counsel with litle or no coordination. Paul Weisss , Mcdermit Will, Macfarlanes. Price Waterhouse , Reich, withers bergman, Empire, , akin gump, bbd seidman, Wendy , Apollo in house . lumber, knowledge universe, ennvironmental, solutions 12 mii in stock, . on and on the priority