EFTA00717346.pdf

From: To: "Michaels, Philip J." ,"Joshua Sehmell" Cc: "Klingel, John" Subject: Re: Estate Date: Fri, 21 Feb 2014 20:09:38 +0000 Importance: Normal ,"Jeffrey Epstein" Jeffrey...can you please take a look at this and weigh in. Thanks. Peggy Sent via BlackBerry by AT&T From: "Michaels, Philip J." < Date: Fri, 21 Feb 2014 20:02:42 +0000 To: Cc: Klingel, John Subject: Estate Peggy/Josh I spoke with Jamie Dyce this morning. She gave me some figures which I will list below but I have now asked that the original "accounting" that we received last year, be updated to include all distributions and expenses since then etc. 1. I am now told that assets were distributed from the trust to the estate and then distributed to Peggy and her brother equally. Supposedly, there is approximately $215,000 remaining in the trust. 2. The estate has approximately $394,000 remaining on hand. The estate owes the accountants $20,000 and they are going to keep a reserve of $20,000 for future expenses (this seems reasonable). 3. Thus, assuming that Peggy receives $50,000 off the top of the trust and all other assets are divided equally, she should receive: $50,000 plus $259,500 for a total of $309,500. However, I am now NOT comfortable with these figures. I want the accounting updated so that we can satisfy ourselves that all payments have been made correctly. Thanks Phil Philip J. Michaels I Partner Fulbright & Jaworski LLP 666 Fifth Avenue, New York. New York 10103-3198, United States Tel Fax NORTON ROSE FULBRIGHT Law around the world EFTA00717346 We are pleased to announce the establishment of our global regulation and investigations group — providing global connectivity across jurisdictions, industry sectors and regulatory fronts. This email message and any attachments are for the sole use of the intended recipient(s). Any unauthorized review, use, disclosure, copying or distribution is prohibited. If you are not the intended recipient, please contact the sender by reply email and destroy all copies of the original message and any attachments. To reply to our email administrator directly, send an email to Fulbright & Jaworski LLP, Norton Rose Fulbright LLP, Norton Rose Fulbright Australia, Norton Rose Fulbright Canada LLP, and Norton Rose Fulbright South Africa (incorporated as Deneys Reitz Inc), each of which is a separate legal entity, are members of Norton Rose Fulbright Verein, a Swiss Verein. Details of each entity, with certain regulatory information, are at Norton Rose Fulbright Verein helps coordinate the activities of the members but does not itself provide legal services to clients. To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to any party any transaction or tax-related matter[s). EFTA00717347