From: Noam Chomsky < Sent: Wednesday, December 13, 2017 6:01 PM To: jeffrey E.; Valeria Chomsky Subject: Fwd: Call with Max - summary Max's latest. Outrageous. My inclinat=on is to contact my children and request again that they instruct Max to r=sign. Then take it from there. What do you think? Forwarded message From: Deborah Pechet Quinan < Date: Wed, Dec 13, 20=7 at 10:36 AM Subject: Call with Max - summary To: "Noam Chomsk<mailto <mailto "Richard Kahn Dear Noam, Valeria and Richard, <mailto >, "=Valeria Chomsky > )" < <mailto )" &l= >, I spoke with Max yesterday afternoon. He reite=ated his position that he is not prepared to make distributions without so=e level of financial disclosure. We discussed my view that the level=he would like to see is unreasonably intrusive. I proposed that a financial statement should be sufficient. He count=red that in addition to a financial statement he would require a statement=of current cash flows as he is concerned about "burn rate"=and how long the trust funds would be projected to last at the current burn rate given increasing life expectancies generally., Max did not state that he would be willing to accept=less disclosure than what he requested in his November 30th ema=l to Richard. I stressed that this particular request was unreasonably int=usive, disrespectful and paternalistic. I do believe Max would be amenable to some level of reduced disclosure.Q I put pressure on him to release the $150,000 for the tax estimate with=ut any financial disclosure, within the next two days, due to the signific=nt adverse income tax aspect of using Noam's IRA to pay these taxes. He said he would consider this and =et back to me very soon. I do not believe Max will be willing to consider the=$109,271 distribution or the $500,000 distribution without the financial s=atement and cash flows at a minimum. I would be happy to discuss wit= you his rationale. Please let me know what level of financial disclosure you are willing to currently provide, i= any. EFTA_R1_01704852 EFTA02549569
Max does understand that we may be taking further st=ps with respect to this matter and appears to be prepared for that althoug= he agreed with me that it is in everyone's best interests to reso=ve this in a mutually agreeable fashion. Max indicated that he has consulted with some attorneys in the Boston Bar =ho are very experienced in matters of trust administration and they genera=ly supported his position. With respect to the appointment of a successor indep=ndent trustee he indicated that Harry would likely agree to a very well re=pected corporate trustee as they would also require some level of detailed=financial disclosure. He indicated that Harry would likely not agree to appoint Richard as during his and Ric=ard's discussion, Max stated that Richard told Harry that the trus=s were "tax trickery" and that the trust funds are Noam4>=804>s money. Max also stated that he did not expect that the $500=000 loan that the trust made to Noam would be repaid. I told him I c=uld not comment on that. I would be happy to arrange a call with everyone at = mutually convenient time to further discuss the above, additional details=of the call, and next steps. I will of course report back as soon as=l hear from Max with respect to the tax estimate of $150,000. Best, Deborah Deborah Pechet Qui=an, Esq. LL.M.Q Shareholder Chair, Trusts & E=tates Group 255 State Street,=7th Floor <https://maps.google.com/?q=255+State+Street,+7th+Floor%C2c4A0%7=%C2%A0Boston,+MA+02109&entry=gmail&sou rce=g> <= href="https://maps.google.com/?q=2554-State+Street,+7th+Floor%C2%A0%7CV0A0Boston,+MA+02109&entry=gmail &source=g"> I Boston, MA 02109 <https://maps.google=com/?q=255+State+Street,+7th+Floor%C2%A0%7C%CrAA0Boston,+MA+02109&en=ry=gmail&so urce=g> =U> 2 EFTA_R1_01704853 EFTA02549570
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