EFTA01976685.pdf

To: McCaffrey, Carlyn jeevacation@gmail.com[jeevacation@gmail.com] From: Kirschner, Elyse Sent: Mon 11/19/2012 1:05:20 PM Subject: Re: Re: I sent the trust for Debra yesterday. I will send the Will memo when I get in to the office. Elyse G. Kirschner McDermott Will & Emery LLP New York, New York 10173 From: McCaffrey, Carlyn Sent: Monday, November 19, 2012 07:02 AM To: Jeffrey Epstein cjeevacation©gmail.com> Cc: Kirschner, Elyse Subject: RE: Re: Dear Jeff, We've revised the trust agreement that will create the trust to hold Debra's 2012 gift. By copy of this email, I'm asking Elyse to send you a copy of the draft and the explanatory memo if she hasn't already done so. Elyse has also prepared a prototype for the trusts that the 4 children will create. She send you a draft yesterday. As to the will, by copy of this email, I'm asking Elyse to send you a copy of the most recent memo she has prepared describing proposed changes to LB's will. Best, Carlyn EFTA_R1_00462918 EFTA01976685  Carlyn S. McCaffrey I Partner McDermott Will & Emery LLP New York, NY 10173 www.mwe.com From: Jeffrey Epstein [mailto:jeevacation@gmail.com] Sent: Monday, November 19, 2012 1:02 AM To: McCaffrey, Carlyn Subject: Re: Gift trusts , will, ? On Monday, November 19, 2012, McCaffrey, Carlyn wrote: Dear Jeff, Here's an outline of the plan you and I have been discussing. It's still in the preliminary stage and needs some additional analysis including a section 2701 analysis Step I — You think it would be preferable to arrange for a set of trustees who have no relationship to LB. Step 2- Reorganize BFP into two classes of partnership interests, Class A and Class B. The holders of Class A would have the right to receive all BFP profits that are attributable to operating income from the original relevant companies for a period of time to end at the death of LB.. The holders of Class B would have the right to all other profits and to the existing capital accounts of BFP. Step 3 — LB agrees to repay the 2006 Family Trust an amount equal to excess distributions he has received from 2006 Family Trust Step 4 — The 2006 Family Trust decants its Class B interests in BFP and all other assets other than its Class A BFP interests to a new 2012 Family Trust. Step 5 - The 2006 Family Trust is amended to give LB the right to assign his interest in the trust. Step 6 — LB assigns his interest in the 2006 Family Trust to a GRAT. Best, EFTA_R1_00462919 EFTA01976686 Carlyn Carlyn S. McCaffrey I Partner McDermott Will & Emery LLP I New York, NY 10173 www.mwe.com From: Jeffrey Epstein [mailto:ieeKa_cationftgmail.com] Sent: Sunday, November 18, 2012 1:17 PM To: McCaffrey, Carlyn Subject: it would be very helpful for you to write a here are the following steps memp/ trustees, chanve, set up new part „ amend trust, decant trust, . repair faulty valutations document. . gift tax trusts debra and kids, new will. etc. thanks, I would like it for tomorw nights meeting with halperin.. as you can see i don't type often ******************************************** ************** * The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. 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This message and all attachments are a private communication sent by a law firm and may be confidential or protected by privilege. If you are not the intended recipient, you are hereby notified that any disclosure, copying, distribution or use of the information contained in or attached to this message is strictly prohibited. Please notify the sender of the delivery error by replying to this message, and then delete it from your system. Thank you. *********** *I rink******** Please visit http://www.mwe.com for more information about our Firm. The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacationtigmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA_R1_00462921 EFTA01976688