EFTA02623539

From: jeffrey E. <[email protected]> Sent: Sunday, September 17, 2017 12:27 PM To: Leon Black Subject: Fwd: (External] Forwarded messag= From: Barry J. Cohen < > > Date: Sun, Sep 17, 2017 at 8:25 AM Subject: Re: [Ext=rnal] To: "jeffrey E." <[email protected] <mailto:jeevacation@gmai=.com» I have no time for pussy fo=ting around these issues. I only want blunt assessments. So your advice (a=d the manner in which it is delivered) is most welcome. In some of the cases below, we think we are realistically constrained by Le=n's approach to his art. We think he should do the things you suggest.=C2 But he does not seem to want to do--even where we have explained the=economic incentives to do so. We will keep trying, with your help. I will have more specific answers to some of your questions. Sent from my iPhone On Sep 17, 2017, at 7:28 AM, jeffrey E. <[email protected] <mailto:jeevacation@g=ail.com> <mailto:[email protected] <mailto:jeevacation=gmail.com> » wrote: hope you took fridays admonitions in the spirit in which it was meant. =AO again ask your "guys " for t=e real results of their silly proposal if debra dies.. =e art. ask them to calculate for leon the price, mechan=sm, sales tax filing. cash flow requirment documentation=etc. . instead of merely giving you a theoretical structure. t=e pros and cons. ? the filings. who is rented from who.=C2 who is signing. who is filing the sales tax. what questi=ns does it raise re the past.. this is one example. :)<=r> re the slat. you said all the art would be sold i= the first six months ? why keep art then ? many =lternatives. . you need to see a spread sheet. what retu=ns are they projecting what does it mean for valuations of th=ng already in the trust. ? with low basis. do the kids prefer =tock or art. ? at some tax rate the bene fa= out way the burdens . by paing a small amount currently and having cash t= invest. Leon is the best seller , if the art is to be liquida=ed. let him do it. BEFORE he dies. who woulld negotiate the sale if not him.? my guess is that he =ould do better than others. why has not one of the machers. done one before with art. =A0lay out for leon its, handicaps. . trusstee ship. where does=the art stay, on the kids walls.? the trustees walls :_)= the kids get no additinal money for 15 years. ? w=ves. grandchildren. . what filings are annually require=. ? do the kids need more. how should the ow=ership of beneficial interst be distrubuted. should it be on s=ore or off/ does each kid have a view as to what painting they=might like , if any, if none lots of work for 15 years. =AO. what assets would the kids sell to live.? =AO will they be prohibited from competing with the slat in sales.. =C2 all questions for leon please note EFTA_R1_01832945 EFTA02623539 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 [email protected] <mailto:[email protected]> <mailto:j<=br>[email protected] <mailto:[email protected]», and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This email and any files transmitted with it are confidential and intended =olely for the person or entity to whom they are addressed and may contain =onfidential and/or privileged material. Any review, retransmission, dissem=nation or other use of, or taking of any action in reliance upon this info=mation by persons or entities other than the intended recipient is prohibi=ed. If you have received this email in error please contact the sender and=delete the material from any computer. Apollo Global Management, LLC =A0 please note The information contained in this commu=ication is confidential, may be attorney-client privileged, may cons=itute inside information, and is intended only for the use of the addre=see. It is the property of JEE Unauthorized use, disclosure or copyi=g of this communication or any part thereof is strictly prohibited a=d may be unlawful. If you have received this communication in error, pl=ase notify us immediately by return e-mail or by e-mail to [email protected], a=d destroy this communication and all copies thereof, including all a=tachments. copyright -all rights reserved --089e08e501b1216cd6055961bf4c-- conversation-id 31777 date-last-viewed 0 date-received 1505651236 flags 8590195713 remote-id 750561 2 EFTA_R1_01832946 EFTA02623540