sts (70%) to 2006 Trust. Updating books and records to reflect change of ownership of BFP. Family Office Complete 4. Value BFP interests held by the 2006 Trust to be acquired by Leon. Determine the valuation date. Empire Valuation/Eileen Empire is waiting for our final approval on the valuation report.

t would work for and because their trusts would not have to distribute out the funds to them (they are under age 25) and could be used to pay back the 2006 Trust for the money it loaned to them. With respect to Josh and Ben, if the funds were paid out to them—their 2011 Trusts would not have money to repay t

e, the beneficiaries' perspective and Leon's perspective. I would prefer to get our ducks in order now, make a determination and then act. 2. As to the 2006 Trust, I think we should proceed with the decanting. If we need any of those assets, we can pull them from APO1. IRS Circular 230 disclosure: To ensure

rey Epstein <[email protected]> Subject: Re: Funding a GRAT with encumbered property Date: Wed, 16 Oct 2013 18:29:01 +0000 As I understand it, the 2006 Trust has a security interest in it as collateral for the loan. That is what I mean by encumbered. It is pledged as collateral. Ada Clapp Black Family P

stribution to each child's trust of roughly $15 million. That would leave $10 million in Victoria and Alex's trusts (after paying off their notes to the 2006 Trust) and roughly $7 million in Ben's Trust and $4.2 million in Josh's Trust (after paying off the notes to their descendants trusts and their includibl

oojian; Eileen Alexanderson Subject: Black 2006 Family Trust Release & Accounting Hi Elyse, Attached are (i) final version of Tom's accounting for the 2006 Trust, (ii) a proposed cover letter we hope you will use for transmitting the accounting and the release to the Trustees, and (iii) an attachment to the T

Ben's descendants' trust, the note issued by the BEB 2011 Trust; • From Josh's descendants' trust, the note issued by the JMB 2011 Trust; • From the 2006 Trust, the note issued by the ASB 2011 Trust; and • From the 2006 Trust, the note issued by the VRB 2011 Trust. As a reminder, each of Alex and Victoria

Y TIMING/STATUS NOTE-CLEAN UP 1 Eileen to transfer funds for LDB 2011 LLC to purchase $5.12 MM notes from the Yggdrasil Trust, the Tron Trust and the 2006 Trust. Family Office/Eileen Complete 2. BEB 2011 Trust borrows $3,250,008 plus interest from LDB 2011 LLC and repays Note to Ben Black 2010 Trust. •

-dollar agreements from AIF for cash. The purchase price will be based on an appraisal of the value of such rights to be obtained by the trustees of the 2006 Trust and by AIF. Because the rights of AIF under the split-dollar agreements are limited to the right to receive the Net Aggregate Premiums on your deat

-dollar agreements from AIF for cash. The purchase price will be based on an appraisal of the value of such rights to be obtained by the trustees of the 2006 Trust and by AIF. Because the rights of AIF under the split-dollar agreements are limited to the right to receive the Net Aggregate Premiums on your deat

[email protected]] From: Eileen Alexanderson Sent Fri 3/15/2013 1:38:01 PM Subject: Re: Ok. Are you thinking we will do a distribution from the 2006 Trust? As you could see from cash summary I sent you last Friday we have cash in Black Family Partners but even after I distribute $36 mil from recent di

with Jeffrey. (As you know, we often speak over the weekend and in the early morning.) The issues with the 1997 Trust are different than those with the 2006 Trust. So we are fine proceeding with the decanting of 2006 Trust. With the 1997 Trust, I recommend that the Independent Trustee exercise its amendment po

with Jeffrey. (As you know, we often speak over the weekend and in the early morning.) The issues with the 1997 Trust are different than those with the 2006 Trust. So we are fine proceeding with the decanting of 2006 Trust. With the 1997 Trust, I recommend that the Independent Trustee exercise its amend=ent po

r the Agreements could be purchased from AIF for a significant discount to the net cash surrender values of the policies. Because the plan involved the 2006 Trust, it was decided that roll-out should wait until the accounting and settlement agreement with respect to the 2006 Trust was completed. 3. 2013 Prop