st Fund will be held in the Marital Trust. 2. If Debra renounces any portion of the Residuary Trust Fund, the renounced property will not pass to the Marital Trust but will instead pass to the "Family Trust" described below. 3. If Debra predeceases you, the Residuary Trust Fund will be divided into shares fo

eally don't think we should be trying to explain these details to you, but to try to summarize: this phrase applied to the double nature of the loan—the Marital Trust had to borrow money from Pershing to make the loan to you, until the Lexington house was sold. The phrase you quote applies only to that brief perio

is again shocking, and I will respond in due course. But perhaps you answer the specific question that I posed to you: do you accept the version of the Marital Trust that Max presented? I will repeat what I have written repeatedly, and you continue to avoid. According to Max, the Marital Trust was set up so that

is again shocking, and I will respond in due course. But perhaps you answer the specific question that I posed to you: do you accept the version of the Marital Trust that Max presented? I will repeat what I have written repeatedly, and you continue to avoid. According to Max, the Marital Trust was set up so that

2. The opening provisions of the Settlement Agreement should name Gary as a party, individually, and in his representative capacities as trustee of the Marital Trust and the Annette Trust and as Person Representative of the Estate of Annette Siegel. 3. Recital K appears to be the basis for the consideration to

2. The opening provisions of the Settlement Agreement should name Gary as a party, individually, and in his representative capacities as trustee of the Marital Trust and the Annette Trust and as Person Representative of the Estate of Annette Siegel. 3. Recital K appears to be the basis for the consideration to

ettle all of this quickly. D On Fri, Jun 30, 2017 at 1:56 PM, Diana Chomsky wrote: As promised, please find attached a memo with information about the Marital Trust, and in particular the conditions on the loan from the Trust, which are somewhat different from what you indicated to us in your previous email. We

eally don't think we should be trying to explain these details to you, but to try to summarize: this phrase applied to the double nature of the loan—the Marital Trust had to borrow money from Pershing to make the loan to you, until the Lexington house was sold. The phrase you quote applies only to that brief peri

eally don't think we should be trying to explain these details to you, but to try to summarize: this phrase applied to the double nature of the loan—the Marital Trust had to borrow money from Pershing to make the loan to you, until the Lexington house was sold. The phrase you quote applies only to that brief peri

e Meadow Lane parcels—the other two are in joint name). This means that if Debra survives Leon, at Leon's death, only 750 Meadow Lane will pass to the Marital Trust under Leon's Revocable Trust. Debra will own all other residences outright. As of August 15, 2013, we estimated the value of the residences at $103

"Marital Trust") in accordance with the following provisions: (A) During the life of DEBRA, the Trustees shall pay to her all of the net income of the Marital Trust, at least quarter-annually. (B) (I) At any time and from time to time during the life of DEBRA, the Trustees, in their sole and absolute discreti

2. The opening provisions of the Settlement Agreement should name Gary as a party, individually, and in his representative capacities as trustee of the Marital Trust and the Annette Trust and as Person Representative of the Estate of Annette Siegel. I agree. EFTA00626193 3. Recital K appears to be the basis

are owned jointly by Debra and Leon. Unless she transfer her title to Leon, the residences will pass to her outright on Leon's death rather than to the Marital Trust (and later the Heritage Trust) as Leon wants. Leon needs to be reminded of this. • The Overview assumes Leon selects $200 million of art from his e

chard Ressler will become co-Trustees during Leon's life and the administration of his estate. ii. Debra, Barry and Richard will be co-Trustees of the Marital Trust. iii. Successors I. John Hannan will be designated as successor Trustee to Barry. 2. Allison Ressler will be designated as successor Trustee to Ri

hall be disposed of in accordance with the following provisions: (A) During the life of DEBRA, the Trustees shall pay to her all of the income of the Marital Trust, at least quarter-annually. (B) At any time and from time to time during the life of DEBRA, the Trustees shall pay to or for the benefit of DEBRA

xtreme and outrageous of the severa= options I outlined to Harry -- intending it as irony. It establishes that Harry will be in complete control of the Marital Trust, as he has been (with Max) since I appointed him to replace me in 2009. Accordin=ly, he will be able, as in the past, to ensure that the Trust, in i

eally don't think we should be trying to explain these d=tails to you, but to try to summarize: this phrase applied to the double nature of the loan—the Marital Trust had to borrow money from Persh=ng to make the loan to you, until the Lexington house was sold. The phrase you quote applies only to that brief peri

is quickly. 0 On Fri, Jun 30, 2017 at 1:56 PM, Diana Chomskyc=ont size="3"> wrote: As promised, please find attached = memo with information about the Marital Trust, and in particular the condit=ons on the loan from the Trust, which are somewhat different from what you indicated to us in your previous email. W

eria Chomsky; Gene =andy; Richard Kahn Subject: Re: Transfers to/for =oam BIO We've been trying to figure out the =atter of the distributions from the Marital Trust. We received no =otice of this from Max. It seems, from what you say here, that the =istributions would have gone directly to the Treasury, for tax

sumed to be $35 million in Leon's estate and $5 million in Debra's estate, which is allocable $1 million to Debra's probate estate and $4 million to the Marital Trust. 4. 40% of expenses to run the family office are allocable to Leon's estate. The remainder is allocable to the Trusts. 5. Valuation discounts total