EFTA02656396

From: jeffrey E. <[email protected]> Sent: Monday, May 21, 2018 7:22 PM To: Noam Chomsky Subject: Re: Marital Trust once you get the proposed split. there are many mech=nisms , releases etc. they will want you to =ave a lawyer so that they can protect against a future lawsuit based=on not full understanding , it is common. *=A0 FYI, according to max. harrys position is that =arol would not have wanted her portion of the money to go to valeria= its a silly argument. . =C240 with releases from all , valeria you harry a=d your daughters anytihing is possible. . you will=need to include an agreement not to attack your will. to protect val=ria. On Mo=, May 21, 2018 at 9:06 PM Noam Chomsky < I'll ask directly » wrote: On Mon, May 21, 2018 at 11:26 AM, jeffre= E. <[email protected] <mailto:[email protected]» wrote: > wrote: The elephant in the room is his sugested split*=A0 On Mon, May =1, 2018 at 8:11 PM jeffrey E. <[email protected] <mailto:[email protected]> Ok On Mon, May 21, 2018 at 8:09 PM Noam Chomsky < > wrote= <=iv> I'd like to hold off on this for a bit. I'm curious =o learn more about Harry's thinking. I'd like to=write to him saying that there's nothing in Mass law that prevents ben=ficiaries from doing as I suggested. He can relieve his concerns abo=t future fiduciary responsibility by resigning, and we can return to the s=tuation before I appointed him trustee, when I was trustee and had no conc=rns about fiduciary responsibility. If he feels that he has carried =ut past actions that make him liable to some legal process, he should arra=ge with his lawyer about ways to protect himself. I would also like =o ask him more directly than before what he thinks would be a proper divis=on. Then we can go on from there. OK? On Mon, May 21, 2018 at 2:03 AM, jeffrey E. <jeevacation@gmail=om <mailto:[email protected]» wrote: EFTA_R1_01902108 EFTA02656396 Rich =ahn can talk with Harry if ok with u On Mon, May 21, 2018 at=10:13 AM Jeffrey E. «mailto:[email protected]> All silly, they can makes final distrib=tion of 2 million dollars and you and Valeria release all. Max Harry child=en and you receive releases - easy <mailto ><=r>Cc: Avi Chomsky < > >, Diana Chomsky < It sounds like you would like me to say yes or no to your proposal ex=ctly as you have stated it, without further discussion. I can't =o that. Here are some reasons: 1. It's not permitted und=r Massachusetts trust law. I agreed to certain obligations when I be=ame trustee, and I have to make sure to discharge them faithfully. E=en if you tell me you don't care about my fiduciary responsibility, th= law says I'm responsible anyway. 2. It's not specific.=C21, For instance, you mention dividing the trust into two parts, but you=don't say what each part would consist of. 3. It's not co=plete. For instance, you haven't proposed any way to shield us a=d Max from liability for past actions. It might be possible t= work out all of these problems and develop a legal, specific and complete=agreement based on the framework you've proposed. Would you like=to engage with me in some kind of process to attempt that? Other tha= having your lawyer talk to mine, do you have any suggestion about how to =o so? On =at, May 19, 2018 at 2:26 PM, Noam Chomsky < <mailto:[email protected]» wrote= I'm glad that you find the ide= interesting and think that you might consider it, though you have to cons=lt lawyers first. My own view is different. To me the=proposal I suggested seems to be a very simple way of settling this matter= which to me is extremely troubling. I realize that this is just ano=her case of a longstanding difference in the way we approach these problem., a difference that has been clear ever since we were discussing the inter=st on the loan from the Trust and found that we could not communicate beca=se I mistakenly assumed that it was a discussion among family members whil= your letters made it very clear and explicit that you saw it as a legal i=sue to be settled among lawyers and Bainco, perhaps with a mediator in the=adversary proceeding. All matters I find it very hard to comprehend,=and to live with, but so be it. So by all means consult wit= your lawyer, or perhaps a battery of lawyers, to make sure that your inte=ests are properly protected. I don't need any lawyer's advic=. The matter is perfectly clear and straightforward. So there =s no reason for me to hire a lawyer to deal with the question and to have = lawyer contact yours and initiate a discussion in which we all participat=. 2 EFTA_R1_01902109 EFTA02656397 The matter is very simple. We can proceed without d=lay if you agree to settle the issue in the simple manner that I suggested= As for your proposals in your letter of March 29, as I wro=e you, the letter was so shocking that it was hard for me to bring myself =o respond, but I did, in detail, but decided not to send it. Perhaps=l should. Will think about it. As for your proposals,=my response was the obvious one. I'm sorry for the stress you ha= to endure, but your efforts were a waste of time for reasons I had alread= fully explained before you undertook them. As I'm sure you reca=l, a few years ago, I requested tax payments from the marital trust when m= IRA was being rapidly depleted by my advisers who were distributing half =o family and using the other half to pay management fees and taxes for the=entire estate, so that to pay Alex's medical expenses and the expenses=for Wellfleet I had to withdraw excess funds with exorbitant taxes, all th=t before withdrawing even a cent to live on again with exorbitant taxes..C240 Your response was to refuse the request unless I agreed to intrusive=and insulting financial investigations -- of a kind I never considered whe= providing funds to you for something you needed. I made it clear an= explicit at the time that I would not submit to this procedure. Sin=e your efforts and proposals simply repeat the same procedure, they were a=waste of time. There were some things in your letter that w=re correct. You're right that despite what has happened, I'm=still a "wealthy man," with income well above the median, though=lacking a pension and accumulated property, not at the level of my peers.=C2* Furthermore, I can supplement my income by teaching large undergradu=te courses, something I'd never done and that is not that common for p=ople approaching 90, but something that I enjoy. And you too are a w=althy man, for the same reasons: the reasons are that I've worked hard=all my life, lived fairly simply (and live even more simply today), and wa= therefore able to put aside enough money to ensure that my children and g=andchildren are very well cared for, indefinitely. </=iv> But I again suggest that we put all of this aside, and deal quickly and=simply with what appears to be the one outstanding issue: dividing the Mar=tal trust and then dissolving it, all very simple, needing no lawyers, at =east on my part. 0 On Fri, May 18, 2018 at 1:44 PM, Harry Cho=sky <harry=chomsky.net » wrote: <=iv>This is an interesting idea. We could consider it further, but I =ould need the advice of my lawyer — and I assume you would want yo=r own lawyer's advice as well — to ensure that any agreement w= reach is consistent with Massachusetts law and satisfies the interests, n=eds, and obligations of everybody involved. Perhaps, as a next step,=you could ask your lawyer to contact mine and begin a discussion in which =e all participate. I'm also curious to hear y=ur thoughts about the proposals I suggested in my message on March 29th.</=iv> On Thu, May 17, 2018 at 10:05 AM, Noam Chomsky =; wrote: 3 EFTA_R1_01902110 EFTA02656398 As I wrote a little =hile ago, I did write a long response to your last -- deeply depressing --=letter, but decided not to send it. I may return to that letter late= but will keep to some factual matters that ought to be cleared up. But now I'm writing just about one point, which seems to b= the core of the problem -- a problem, which, again, I don't understan=. But let's put that aside, though I hope we can clear it up soo=. All of this is a painful cloud that I never would have imagi=ed would darken my late years. The core issue see=s to be the marital trust. I've explained how M and I actually s=t it up with Eric, which seemed to us just plain common sense. I'=ve also explained Max's different interpretation. I've asked=you for yours, but haven't heard it. But let's put that asid= too, and just resolve the matter, as can be done very simply -- with no n=ed for lawyers to explain the fiduciary responsibility of the trustee I ap=ointed years ago to replace me, something I never paid any attention to be=ore. The simple solution is to divide the trust i=to two parts. One part will go to you, to use as you wish. One=part will go to me, for me to use without any investigations of my financi=l situation and other such intrusions that I won't accept. Then =he trust can simply be dissolved, and it is all over. =div>So I suggest that we proceed this way, and end the whole matter -- at =east, whatever it is that I understand about what is of concern to you. 0 =C240 please note The information containe= in this communication is confidential, may be attorney-client privileg=d, may constitute inside information, and is intended only for the u=e of the addressee. It is the property of JEE Unauthorized use, disc=osure or copying of this communication or any part thereof is strictly =rohibited and may be unlawful. If you have received this communicati=n in error, please notify us immediately by return e-mail or by e-mail =o jeevacation@g=ail.com <mailtoieevacation@gmail,com> , and destroy this communication and all copies thereof, =ncluding all attachments. copyright -all rights reserved </=iv> please note T=e information contained in this communication is 4 EFTA_R1_01902111 EFTA02656399 confidential, may be a=torney-client privileged, may constitute inside information, and is int=nded only for the use of the addressee. It is the property of JEE communication or any pa=t thereof is strictly prohibited and may be unlawful. If you have recei=ed this communication in error, please notify us immediately by retu=n e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication an= all copies thereof, including all attachments. copyright -all rights r=served [email protected], and destroy this communication and all copi=s thereof, including all attachments. copyright -all rights reserved =C24, please note The information co=tained in this communication is confidential, may be attorney-client pr=vileged, may constitute inside information, and is intended only for JEE Unauthorized use= disclosure or copying of this communication or any part thereof is str=ctly prohibited and may be unlawful. If you have received this commu=ication in error, please notify us immediately by return e-mail or by e=mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereo=, including all attachments. copyright -all rights reserved </=iv> --0000000000000b8990056cbc39bf-- conversation-id 5434 date-last-viewed 0 date-received 1526930549 flags 8590195713 gmail-label-ids 7 6 remote-id 822978 5 EFTA_R1_01902112 EFTA02656400