EFTA02645235.pdf

From: jeffrey E. <jeevacation@gmail.com> Sent: Monday, July 3, 2017 12:10 PM To: Valeria Chomsky Subject: Re: taxes this is the norm. noam should request th= trust either from his own lawyer or from the children. then h=s rights will be clear. I will handle on YOUR behalf. i =m aware of the jealousies. mixed emotions selfishness of many On Mon, Jul 3, 2017 =t 2:06 PM, Valeria Chomsky < <mailto:valeria=chomsky@gmail.com» wrote: Dear Jeffrey,=C24> We don't have the trust document. = am going to ask Noam to request it. The whole situation i= extremely unfair to Noam. Noam hasn't been receiving an=thing from the trust, nor has he been informed if they are depositing the =nterest of the trust in some account that we are not aware of. N=am understands that he has rights as well to the principal of the trust, a=d requested money only to pay half of the taxes to not have to take 200k f=om the IRA (income taxes have been paid from the IRA, besides all our expe=ses, increasing the withdrawals from the IRA), but the condition the=children established (one of them as the trustee) to give Noam any access =o the marital trust is that he has to disclose all our financial life to t=em, something that Noam totally opposes and me too. Our lawyer tried to ob=ain half of the taxes amount again this year from the trust, but the trust=e denied for the second year. The lawyer had told me, in privacy, that the=situation is very serious -- children denying their father his own money, =oney he earned from his work. But Noam doesn't accept =heir conditions exactly because the money is still his (they are the benef=ciaries) and he never asked the children to disclose their financial lives=to give them money. I agree that we don't have to live under the=r surveillance, as they want. Noam decided not access the trust.41>=A0 I totally agreed. And we decided to adjust our lives accordingly.=/div> The 30k is not the problem. The problem is that they seem to wan= to punish Noam for remarrying (maybe unconsciously), although Noam thinks=that they are happy about our marriage. To give you an example, even=one book that Noam decided to give me the copyright, it was angrily questi=ned. And Noam answered that the same way he has given to them, to th=ir trusts and to his first wife (their mother), he is going to give to me =rom now on. There are many other things that have been going on since we g=t married. But I have been trying -- as much as I can -- to disregard ever=thing because I love Noam and want us to be happy. But it hasn't=been easy. Valeria </=iv> Forwarded message F=om: jeffrey E. <jeevacation@gmail.c=m> Date: Mon, Jul 3, 2017 at 6:23 AM Subject: Re: taxe= To: Valeria Chomsky < <mailto >> EFTA_R1_01881423 EFTA02645235  I understand. the marital trust document ? 4>=A0 if he is required to pay interest to the trust and receive it back4k=A0 that means that he is a beneficialry of the trust.. i= it is the 30k . I will pay it myself. no problem. =C24) his health is most important. will he allow me to talk t= them or their representative. . or my very kind gently =erson called rich kahn that works for me in these situations. = I think the whole situaiton is very unfair to noam.4k=A0 and would like to take part in its solution. valeria = this is what i do , it is not a burden nor should you both feel in =ny way awkward about it. =div> On Mon, Jul 3, 2017 at 3:59 AM, Valeria Chomsky < <mailto > wrote: I should make it clear to start with that none of this bears on our =ecision to move to Tucson. That has quite different motives. We do of course have to face our financial situation: rel=ance on a diminishing IRA (and another very small one) with no access to o=her funds, and the burden of paying for an apartment that I agreed to buy =nly on the mistaken assumption that the cost would be paid by the Lexingto= house. What we're discussing is something else: the nat=re of the loan from the Trust. The final version of th= Promissory Note that was provided to me reads as follows: <=iv>"Interest on the balance outstanding shall be payable at a rate equal to the highest rate in effect from time to time on any one or more loans outstandi=g =span style="color:rgb(40,40,40)">between-Lender and (insert full name of Pershing entity], or if n= such loans are in existence, then the rate shall be fixed at the so-called Mid Term Applicable Federal Rate in effect =t the time, recalculated monthly in accordance with Section 1274(d) of the Internal Revenue Code, or any suand=the actual number of days elapsed." There is nothing here, =r elsewhere in the document, that restricts it to the brief period before =he sale of the Lexington house. I have no informatio= at all about having received any DNI. If there is such information,=it should be sent to me so that I can use it for our own plans. 4P> I don't see much point in a meeting. It seems to =e that all of this can be cleared up in writing. 2 EFTA_R1_01881424 EFTA02645236  On Sat, Jul 1, 2017 at 7:32 PM, Diana Chomsky wrote: Hi, thanks for your reply. We are very, very concerned that y=u are not understanding and not getting help in understanding what is happeni=g with your finances. Your responses below only increase our concern. The three of us are not able to serve as financial advisors. We urge you strongly to speak directly with Max so that he can clarify what he says in the Memo and explain what the Promissory Note language means. Just to give you one example of ou= concern: You focus on one phrase: that the interest will be "=t the highest rate in effect? But you are taking those words out of =ontext. We really 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 period, and has no impact on the interest accruing now or in the future. We can see why focusing on those s=x words would make you angry. But the six words mean nothing in and of themse=ves (i.e., what rate is "in effect"?). But instead of doi=g the logical thing—getting the full information— you are just so angry th=t you refuse to find out the truth. Again, this is just one example of=where you are stating conclusions based on faulty or incomplete information. There are explanations for your other issues as well (how the DNI is paid to you, how the interest payments can be made, etc) but rather than us trying to summarize the information for you here, we think it would make more sense for you to discuss them with the people who set all of this up, in the context of a broader conversation. Reading your response only redoubles our sense that you are simply misreading important elements of your entire financial situation, and that you are making big decisions based on faulty information. We feel that you have painted yourself into a corner, in which you arrive at the worst possible interpretation of complex legal language, and then refuse to speak with the very people who could explain it to you, and just get angry at them based on your misin=erpretations. We beg you once again to meet with=us and with the people who set up the Trust, the loan, etc., to clarify these issues. Love, Avi, Diane and Harry =C24, please note The information co=tained in this communication is confidential, may be attorney-client pr=vileged, may constitute inside information, and is intended only for JEE Unauthorized use= disclosure or copying of this communication or any part thereof is str=ctly prohibited 3 EFTA_R1_01881425 EFTA02645237  and may be unlawful. If you have received this commu=ication in error, please notify us immediately by return e-mail or by e=mail to jeevaca=ion@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereo=, including all attachments. copyright -all rights reserved </=iv> 4)=A0 please note The information contained i= this communication is confidential, may be attorney-client privileged,=may constitute inside information, and is intended only for the use =f the addressee. It is the property of JEE Unauthorized use, disclos=re or copying of this communication or any part thereof is strictly pro=ibited and may be unlawful. If you have received this communication =n error, please notify us immediately by return e-mail or by e-mail to =a href="mailto:jeevacation@gmail.com" target="_blank">jeevacation@gmai=.com, and destroy this communication and all copies thereof, inc=uding all attachments. copyright -all rights reserved --94eb2c11652425cc4e055368a5b6-- conversation-id 39303 date-last-viewed 0 date-received 1499083795 flags 8590195713 gmail-label-ids 7 remote-id 726504 4 EFTA_R1_01881426 EFTA02645238