EFTA00661340.pdf

From: Valeria Chomsky •t: > To: "jeffrey E." <jeevacation@gmail.com> Subject: Fwd: taxes Date: Sun, 02 Jul 2017 01:13:15 +0000 Attachments: Memo_on_loan-interestfor_condo.docx Jeffrey, We just received the following letter. Noam would like if you could take a look at this letter and let us know if it is accurate or not on the interpretation of the promissory note. And if not, could you please explain why it is not? Valeria Forwarded message From: Diana Chomsky Date: Sat, Jul 1, 2017 at 7:32 PM Subject: Re: taxes To: Noam Chomsky Cc: Avi Chomsky , Harry Chomsky, Valeria Chomsky Hi, thanks for your reply. We are very, very concerned that you are not understanding and not getting help in understanding what is happening with your finances. Your responses below only increase our concern. The three of us are not able to serve as financial advisors. We urge you strongly to speak directly with Max so that he can clarify what he says in the Memo and explain what the Promissory Note language means. Just to give you one example of our concern: You focus on one phrase: that the interest will be "at the highest rate in effect." But you are taking those words out of context. We really don't think we should be trying to explain these details to you, but to try to summarize: this phrase applied to the double nature of the loan—the Marital Trust had to borrow money from Pershing to make the loan to you, until the Lexington house was sold. The phrase you quote applies only to that brief period, and has no impact on the interest accruing now or in the future. We can see why focusing on those six words would make you angry. But the six words mean nothing in and of themselves (i.e., what rate is "in effect"?). But instead of doing the logical thing—getting the full information—you are just so angry that you refuse to find out the truth. Again, this is just one example of where you are stating conclusions based on faulty or incomplete information. There are explanations for your other issues as well (how the DNI is paid to you, how the interest payments can be made, etc) but rather than us trying to summarize the information for you here, we think it would make more sense for you to discuss them with the people who set all of this up, in the context of a broader conversation. Reading your response only redoubles our sense that you are simply misreading important elements of your entire financial situation, and that you are making big decisions based on faulty information. We feel that you have painted yourself into a corner, in which you arrive at the worst possible interpretation of complex legal language, and then refuse to speak with the very people who could explain it to you, and just get angry at them based on your misinterpretations. We beg you once again to meet with us and with the people who set up the Trust, the loan, etc., to clarify these issues. Love, Avi, Diane and Harry EFTA00661340 From: Noam Chomsky To: Diana Chomsky Cc: Avi Chomsky , Hairy Chomsky Valeria Chomsky Dale: 30/06/2017 19:41 Subject: Re: taxes Glad to see the memo. I compared the memo with the original document, the promissory note that is the official signed agreement. The memo is in error about the promissory note. The facts are as I already described them. A few comments interspersed into the memo you sent, attached. I don't see any point in discussions with Max and Bainco. The facts seem completely clear. If there are other issues, I'd of course be glad to know about them. I hope we can settle all of this quickly. D On Fri, Jun 30, 2017 at 1:56 PM, Diana Chomsky wrote: As promised, please find attached a memo with information about the Marital Trust, and in particular the conditions on the loan from the Trust, which are somewhat different from what you indicated to us in your previous email. We have thought for a long time that you have misunderstood key aspects of the financial situation. This is why we have been asking you to meet with us and with Max and Bainco. The issues discussed in this memo are only one part of the picture. We still think that the meeting we have been urging is important and could dear up other issues. Love, Avi, Diane and Harry From: Noam Chomsky To: Avi Chomsky , Diana Chomsky , Harry Chomsky , Valeria Chomsky Date: 26/06/2017 17:37 Subject: Re: taxes We're in the process of arranging our finances with the impending sale of the apartment and the move to Tucson, and would like to clear up some unsettled questions. In my letter to you I outlined what I have determined about the matter. In your letter you said that you think the facts about the Marital Trust and the conditions on the loan from the Marital Trust and the way the interest works are different from what I understand, and that you have different facts. You said you were working on a memo to lay out the facts as you see them. Any progress on this? I'd like to clarify this so that we can settle just what the facts are. EFTA00661341 EFTA00661342