EFTA01896007

To: Jeffrey Epsteinfieeyacation©gmail.com] From: Ada Clapp Sent: Mon 4/1/2013 2:35:02 PM Subject: Re: Good. One other point when discussing decanting the 97 trust is that we should wait until after the 2009 GRAT terminates in August to decant the 97 Trust as the 2009 GRAT remainder pours into the 97 Trust. Ada Clapp Black Family Partners No Apollo Management IRS Circular 230 Disclosure: Pursuant to IRS regulations, I inform you that any tax advice contained in this communication (including attachments) is not intended or written to be used, and cannot be used by any person or entity for the purpose of (i) avoiding tax related penalties imposed by any governmental tax authority, or (ii) promoting, marketing or recommending to another party any transaction or matter discussed herein. I advise you to consult with an independent tax advisor on your particular tax circumstances. This communication, and any attachment, is for the intended recipient(s) only and may contain information that is privileged, confidential and/or proprietary If you are not the intended recipient, you are hereby notified that further dissemination of this communication and its attachments is prohibited. Please delete all copies of this communication and its attachments and notify me immediately that you have received them in error. On Apr I, 2013, at 10:04 AM, Jeffrey Epstein <jeevacationagmail.com> wrote: great, exactly, alan also agrees On Mon, Apr 1, 2013 at 10:02 AM, Ada Clap wrote: Hi Jeffrey, Some of what you ask below was detailed in the estate flow chart U.S. Trust EFTA_R1_00320371 EFTA01896007 prepared a few months ago. That chart needs to be revised in light of additional planning/information. I will ask UST to do that but first I want to take a look at the underlying fund documents to confinn/ascenain what exactly happens with each of the interests upon Leon's death (i.c., arc they fully vested on Leon's death, monetized, etc.). Once I understand what happens to those interests, I can try to figure out the tax implications to the various trusts/ Leon's estate. Best, Ada Clapp Stack ramify Partners IRS Circular 230 Disclosure: Pursuant to IRS regulations, I inform you that any tax advice contained in this communication (including attachments) is not intended or written to be used, and cannot be used by any person or entity for the purpose of (i) avoiding tax related penalties imposed by any governmental tax authority, or (ii) promoting, marketing or recommending to another party any transaction or matter discussed herein. I advise you to consult with an independent tax advisor on your particular tax circumstances. This communication, and any attachment, is for the intended recipient(s) only and may contain information that is privileged, confidential and/or proprietary If you are not the intended recipient, you are hereby notified that further dissemination of this communication and its attachments is prohibited. Please delete all copies of this communication and its attachments and notify me immediately that you have received them in error. On Mar 31, 2013, at 5:26 AM, Jefiley Epstein <jecvacation(iigmail.com> wrote: ada as the priority, please detail ownership of the 94million units of apollo. is brh. bfp. and the tax allocation in the partnership. entity by entity and how the shares would be deistribuited to the children. EFTA_R1_00320372 EFTA01896008 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 jeevacation@smail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved ******* ****** ************************** ******************** 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 c-mail or by c-mail to jeevacati n mail.cam, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA_R1_00320373 EFTA01896009