From: Jeffrey Epstein <jeevacation@gmail.com>
To: Ada Clapp
Subject: Re: Question re Restructuring
Date: Thu, 18 Apr 2013 16:01:14 +0000
my initial recation is that i would like to use the substitution provison of teh 2006 trust, it is cleaner but let me
think about it, the issues of complex valuations, deemeds gifts , and ap iv , give me pause.
On Thu, Apr 18, 2013 at 11:43 AM, Ada Clapp > wrote:
Hi Jeffrey,
I was wondering out loud with Eileen yesterday: instead of having Leon borrow finds to substitute into the
2006 Trust in exchange for BFP interests, have you considered having BFP borrow funds to be used to redeem
the interests of all partners except Leon? I see the problem as the size of the loan but perhaps we could
consider this as one piece of the solution. What do you think?
Ada Clapp
Black Family Partners
do Apollo Management
9 W 57th Street
New York NY 10019
phone:
email:
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