From: Noam Chomsky Sent: Sunday, October 29, 2017 6:18 PM To: Deborah Pechet Quinan Cc: Valeria Chomsky Subject: Fwd: trust Thanks for the informative letter. I would appr=ciate it if you could craft a letter, as you suggest, which I will use to =ontact all three children. Thanks Noam Forwarded message From: Deborah Pechet Quinan < <mailto: Date: Fri, Oct 27, 201= at 4:56 PM Subject: Fwd: trust To: Noam Chomsk Cc= mailto <mailto: >, Gene Landy «= href="mailt target="_blank' =br> Dear Noam, You are waiting for me to provide guidance as to how you can regain co=trol of the trust funds. My plan is to prepare a memo for you outlin=ng your options in light of the trust terms. I anticipate being able=to spend some time on this over the weekend, along with reviewing the drafts of your estate planning documents. O=ce I have sent the memo to you we can discuss your thoughts and we can the= respond to Max. Unfortunately this is a difficult situation, not simple a=d straightforward, because of the terms of the trust and fiduciary law applicable to trusts. Please see my e=ail of 10/17 for an explanation of some of the issues. In some situations a trust is drafted so that you would have the right=to remove and replace the trustee, and in doing so perhaps find a trustee =hat would not inquire so diligently as to your personal financial circumst=nces before making a principal distribution to you. In this regard, please refer to my email of 10/=7 where I summarize the trustee removal, resignation and appointment provi=ions. The trustees can both resign at any time. They appoint successors su=ject to your approval. If they agree to resign you can find a new independent trustee whom they can appoint. If=not, you can remove them but only with the approval of a majority of your =hildren. Do you think your daughters would agree to remove Max and Harry? =f so you could then appoint a successor. You would need to find an independent trustee. I can help you craft = letter to your daughters if you think they might agree to do this. <=div> My one additional thought right now that I need to review more closely=is that Harry, not being the independent trustee, should not have a say in=the distribution decision. If there is nothing in the trust to contradict =his interpretation (I need to review the trust again) then Max alone has the power. However this would likely n=t change the analysis that Max believes he needs to go through since he is=accountable to all beneficiaries. He believes he needs some level of=financial information from you but in my view that does not need to be detailed. I can discuss with him wh=t level of detail would satisfy him; however, if my understanding is corre=t that you do not wish to provide him with any backup for his distribution=decision, then we should evaluate the removal option and any other strategies I may be able to come up with.Q EFTA_R1_01746077 EFTA02574949