From: Jeffrey Epstein <jeevacation®gmail.com>

From: Jeffrey Epstein <jeevacation®gmail.com> To: "McCaffrey, Carlyn" Subject: Re: Re: Date: Tue, 18 Dec 2012 13:30:41 +0000 i thought that is only one for one, ? vie -josh josh,ben, / do they combine like step transaction? you are great On Tue, Dec 18, 2012 at 9:28 AM, McCaffrey, Carlyn < > wrote: If the other children are beneficiaries, we would have a reciprocal trust problem Carlyn S. McCaffrey I Partner McDermott Will & Emery LLP 1340 Madison Avenue, New York, NY 10173 From: Jeffrey Epstein [rnalltoleemcationegmail.com] Sent: Tuesday, December 18, 2012 8:27 AM To: McCaffrey, Carlyn Subject: Re: I thought that each child could have the other three as benef , not debra , can you send another co-vel letter I cannot locate the first either On Tue, Dec 18, 2012 at 9:22 AM, McCaffrey, Carlyn < > wrote: I've asked Darren to send me a copy of the letter you already signed so I can modify it. We can't seem to find it. We are working on the children's trust agreements. The plan so far is to have distributions made to the two younger children from their individual trusts. They will use those funds to fund their new trusts. The two older ones will use portions of the notes that were issued to them from their individual trusts. Because those notes would not make very good investments for long term, multi-generational trusts, we expect that the notes will be paid off when they are held by the trustees of the new trusts. We expect that Leon and Debra will be trustees. Leon will be an independent trustee. Debra will also be a beneficiary so that each trust will have a current beneficiary even before it settlor has any children. The trust agreement will make it clear, however, that the settlor's primary intention is that the trust will be held for the EFTA00950347 benefit of his or her future descendants. The trusts will be grantor trusts treated as owned by their settlors. Any thoughts or comments? Carlyn S. McCaffrey I Partner McDermott Will & Emery LLP 1340 Madison Avenue, New York, NY 10173 From: Jeffrey Epstein [mailto:jeeyacation gmail.corn] Sent: Tuesday, December 18, 2012 8:14 AM To: Darren Indyke; McCaffrey, Carlyn Subject: status of co vel? letter, Icons children signing etc. *********************************************************** 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 jeevacationqi)gmail.com and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved ****************************************************************************************************************** IRS Circular 230 Disclosure: To comply with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained herein (including any attachments), unless specifically stated otherwise, is not intended or written to be used, and cannot be used, for the purposes of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter herein. This message is a PRIVILEGED AND CONFIDENTIAL communication. This message and all attachments are a private communication sent by a law firm and may be confidential or protected by privilege. If you are not the intended recipient, you are hereby notified that any disclosure, copying, EFTA00950348 distribution or use of the information contained in or attached to this message is strictly prohibited. Please notify the sender of the delivery error by replying to this message, and then delete it from your system. Thank you. ****************************************************************************************************************** Please visit for more information about our Firm. 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 EFTA00950349