From: Eileen Alexanderson

From: Eileen Alexanderson To: 'Jeffrey Epstein' <[email protected]> Subject: RE: private trust company Date: Fri, 07 Dec 2012 22:28:45 +0000 I need to scoot to meet my daughter at Penn Sta at the moment but just want to remind you that US Trust needs info on Monday for new trust accts so: Are we using Debra's and the kids SS or do I need new EIN for these trusts? Who will be the trustees for these new trusts for the kids' gifts? What are we funding the kids trust with? And regarding this subject, Ada had a comment re funding of these trusts as follows: A trust distribution is not ideal from an estate planning standpoint, though, I understand there may be few options. The reason is that property already in a trust for the child's benefit may escape estate taxation in that child's estate and Leon already used up exemption or paid lawyers to GRAT it into that trust. If it is to be a trust distribution, I suggest that the distribution be made from a non-GST exempt trust, since that at least achieves some GST tax savings (the child would allocate his or her GST exemption when he transferred the assets to his or her own trust). I know you spoke to Leon but not sure you spoke on the subject of the art foundation-he is not keen on the idea. Can speak any time over the weekend if you'd like-Hope Sunday goes well. From: Jeffrey Epstein [mailto:[email protected]] Sent: Friday, December 07, 2012 5:15 PM To: Eileen Alexanderson Subject: Re: private trust company Maybe 2014 On Friday, December 7, 2012, Jeffrey Epstein wrote: I am also concerned that you personally need to register under Dodd frank , not sure On Friday, December 7, 2012, Eileen Alexanderson wrote: Elyse wrote the attached as a result of my inquiring on the subject in the middle of last year. At the time I felt there was no way the burden of running a PTC was something we/I could handle. I dug this out because, first, I am hearing of more and more families moving this way but second, because of our 'trustee' issues. Also, as you help us move toward a real family office structure it feels more feasible. Should we be considering this option? Original Message From: NY_730_11_XRX_COPYROOM [mailto: Sent: Friday, December 07, 2012 1:20 PM To: Eileen Alexanderson Subject: Scan from a Xerox Color Please open the attached document. It was scanned and sent to you using a Xerox Color. Number of Images: 9 Attachment File Type: PDF Device Name: NY 730 11 XRX COPYROOM Device Location: For more information on Xerox products and solutions, please visit http://www.xerox.coml EFTA00949843 This email and any files transmitted with it are confidential and intended solely for the person or entity to whom they are addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon this information by persons or entities other than the intended recipient is prohibited. If you have received this email in error please contact the sender and delete the material from any computer. Apollo Global Management, LLC 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 [email protected], 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 e-mail or by e-mail to [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 solely for the person or entity to whom they are addressed and may contain confidential and/or privileged EFTA00949844 material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon this information by persons or entities other than the intended recipient is prohibited. If you have received this email in error please contact the sender and delete the material from any computer. Apollo Global Management, LLC EFTA00949845