EFTA00681247.pdf

From: "Mark L. Epstein" To: "Jeffrey E." <jeevacationgginail.com> Subject: RE: hey Date: Mon, 29 Sep 2014 11:59:55 +0000 Even though vandam is part of Dara, Anthony knows that he has no ownership interest in it. We just haven't gotten to dividing it off on paper. DIdn't want to raise any flags since we did the exchange of properties years ago. It is time to rectify that now. That's one of the reasons I need a good creative person to figure out the best way. We can split the 301 condos, and still manage it all the same way, and I'd transfer them to the kids when they turn 18 some how. Or 'sell' them to them for what I paid, if that could fly. Would be worth the transfer fees etc. I am planning to tear down spring st in about 4-5 years and put up a condo tower. (they recently changed the zoning to allow for that) Hence the ridiculous offers coming in. Prior it was only good for a hotel development. We can just split the condos then, or sell them off and split the cash. (I'll keep the top floors for me, move in, and then do the same thing to Vandam). I'm waiting for the leases to expire, plus every other site in the area that can be converted to residential or add residential on top (if air rights exist) is taking place. Every time another property is developed the value of spring st. only goes up. It is a great location. (assuming there is no major crash, and even if there is a crash I can still do better developing it myself as opposed to selling it to a developer). If I sell it to a developer now for $100mm they will build the condos and make $100mm profit at the end of the day. If I do it myself I figure I will make at least $60mm profit (on top of the $100mm for the land) The big developers are better at it and can make more money than I could but who cares. I'm looking for something to do. I'm not going to eat any differently. I'll just be donating less when I drop dead. From: Jeffrey E. [mailto:jeevacation@gmail.com] Sent: Monday, September 29, 2014 7:15 AM To: Mark Epstein Subject: Re: hey yes, I show as pre - daibetic, need to excercise every day, blah blah, . re anthony you could merely ligquidate the partnershipl giving him 66 and keeping spring van dam/ etc/ but he and you might want to involve kids in the transfer if they are the receipients eventually On Mon, Sep 29, 2014 at 7:11 AM, Mark L. Epstein > wrote: So far I put together a will I have small trust accounts for the kids. An aunt and uncle on Joyce's side is are the trustees. I have other people from my side to execute the will. Anthony and I have started to talk about planning for the future. Haven't done anything yet. Have to talk to someone who really know the best way to handle it, of course with an eye to maximized results, if you know what I mean. Recently turned down $100mm on the spring st building. It has become real money. Who would have guessed. EFTA00681247 I've meant to ask you if you've had any issue with the family history of diabetes? So far I'm OK. I'm battling Lyme disease now Just started another, longer, run of the antibiotics. Im OK but have to deal with it. From: jeffrey E. [mailto:jeevacation[agmail.com] Sent: Monday, September 29, 2014 6:22 AM To: Mark Epstein Subject: Re: hey im in carib. who are the childrens guardians? did you leave them money in trust. trustees? joyce? if you left them property, estate tax and admin? who decides? maybe consider dividing assets now with anthony to protect probate.? On Mon, Sep 29, 2014 at 3:16 AM, Mark L. Epstein > wrote: Last week I was trying to go through a lot of crap in my safes. There were some old bonds that P86 had. I went to cash them in because bonds only pay interest for 30 years and these bonds were from the 70's. I had the death certificates, power of attorney from Paula (which turns out is moot after one dies) will, and a signed and notarized delegation from you. Some bank moron in the legal department could get his head around this, so the branch manager just bypassed him by getting a green light for you. Trying to get rid of a lot of stuff so that Jason and Serena don't have to go through this same ordeal in years to come. Linda Eisenstein is coming to NY this week. Do you have any interest in seeing her? please note 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 TEE 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 jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note EFTA00681248 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 jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00681249