From: Ada Clapp
To: Jeffrey Epstein <jeevacation@gmail.com>
Cc: Eileen Alexanderson , Melanie Spinella
Subject: Re:
Date: Tue, 26 Nov 2013 13:22:53 +0000
Hi Jeffrey
Carlyn's memo will lay that all out. Unfortunately, we don't have it yet. Elyse confessed that they did to focus
totally on income tax consequences until we asked them to put it in paper. She is waiting for Rich to confirm the
income tax liability of turning over the policies to the S-corp. Rich was also going to quantify the possible gift
tax exposure if the IRS comes back and asserts loan regime treatment since 2007. I am reluctant to give Leon a
status memo until Carlyn has fully laid out her plan. What do you suggest? I will check back with rich today on
timing.
Sent from my iPhone
Ada
On Nov 26, 2013, at 7:22 AM, Jeffrey Epstein <jeevacation@gmail.com> wrote:
Ada , please send Leon a copy of all the memos on the split dollar issue, please also include carlyns first
proposals. he would I like to understand where we are , how we got here, and what the choices are and why .
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