EFTA00717348.pdf

From: Joshua Schmell To: 11.111.r>, "Michaels, Philip J." CC: "Klingel, John" Jeffrey Epstein Subject: RE: Estate Date: Fri, 21 Feb 2014 20:23:42 +0000 Phil, These numbers don't seem right. When I calculated in early January Peggy was owed over 500K. L. Joshua Schmell, UM. ALTMAN, GREENFIELD & SELVAGGI Certified Public Accountants 200 Park Avenue South, 8th Floor New York, NY 10003 Ph: Fx: This message (including any attachments) is confidential and privileged information. If you have received it by mistake please notify the sender by return e-mail and delete this message from your system. My unauthorized use or dissemination of this message in whole or in part is strictly prohibited. Although this e-mail and any attachments are believed to be free of any virus or other defect that might affect any computer system into which it is received or opened. it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by Altman Greenfield & Selvaggi LLP. for any loss or damage arising in any way from its use. IRS CIRCULAR 230 DISCLOSURE: To comply with requirements imposed by recently issued treasury regulations. we inform you that any U.S. tax advice contained in this communication (including any attachments) is not intended or written by us. and cannot be used by you. for the purpose of (i) avoiding penalties under the Internal Revenue Code or (i) promoting, marketing or recommending to another person any transaction or matter addressed herein. From: [mailto Sent: Friday, February 21, 2014 3:09 PM To: Michaels, Philip J.; Joshua Schmell Cc: Klingel, John; Jeffrey Epstein Subject: Re: Estate Jeffrey...can you please take a look at this and weigh in. Thanks. Peggy Sent via BlackBerry by AT&T From: "Michaels, Philip J." 5 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. EFTA00717348 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 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]. EFTA00717349