EFTA Document EFTA01920441

To: Jeffrey E.Ijeevacationagmail corn] From: Richard Joslin Sent Wed 7/2/2014 12:18:37 PM Subject: RE: Re: Should Heather Gray be employed by this new Narrows entity. I'd like to discuss common paymaster approach in due course — a memo is being prepared regarding the new lease/auto/payroll entities and this issue will come up then. From: Jeffrey E. Imailto:jeevacation@gmail.com] Sent: Wednesday, July 02, 2014 8:1S AM To: Ada Clapp; Richard Joslin; Eileen Alexanderson; Melanie Spinella Subject: Re: its a third party, not related, we can discuss, after 5 months ( look back ) the painting is gone and valued at sale price , or not. -- more importantly I want to form a new narrows partnership. narrows. leon and children trust . trust should have own counsel. paintings will be deliniated . leon can use art without rent. no distribuiton as there is no income to partnership , partnership discount on death. . commitees inside general partner, make decisions . fully negotiated with trustees and carefully drafted agreement. also sets up sucessor etc. very elegant . insurance will be in name of partnership. paintings can be carefully exchanged inside and or distributed out . etc. On Wed, Jul 2, 2014 at 8:00 AM, Ada Clapp wrote: I don't think it is so simple have the contract price set the estate tax value. As with buy sell agreements there arc a few hoops to jump through before the Service recognizes the contract price as the estate tax value of the asset being acquired Sent from my iPad On Jul 2, 2014, at 6:44 AM, "jeffrey E." leevacation@gmail.com> wrote: single life. for house. , painting woudl be valued by contract price, as fair market is third party buyer with all the info please note EFTA_R1_00363560 EFTA01920441 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 JEE 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 e-mail to jecvacation@gmail.com and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note 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 JEE 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@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA_R1_00363561 EFTA01920442