EFTA02382204.pdf

From: Barry J. Cohen Sent: Sunday, September 17, 2017 12:26 PM To: Jeffrey E. Subject: Re: [External] I have no time for pussy footing around these issues. I only want blunt ass=ssments. So your advice (and the manner in which it is delivered) is most =elcome. In some of the cases below, we think we are realistically constrained by Le=n's approach to his art. We think he should do the things you suggest. Bu= he does not seem to want to do--even where we have explained the economic=incentives to do so. We will keep trying, with your help. I will have more specific answers to some of your questions. Sent from my iPhone On Sep 17, 2017, at 7:28 AM, jeffrey E. <jeevacation@gmail.com<mailto:jeeva=ation@gmail.com» wrote: hope you took fridays admonitions in the spirit in which it was meant. =gain ask your "guys " for the real results of their silly proposal =f debra dies. . re art. ask them to calculate for leon the price, mec=anism, sales tax filing. cash flow requirment documentation etc. . in=tead of merely giving you a theoretical structure. the pros and cons. ? t=e filings. who is rented from who. who is signing. who is filing the =ales tax. what questions does it raise re the past.. this is one exampl.. :) re the clat. you said all the art would be sold in the first six mont=s ? why keep art then ? many alternatives.. you need to see a spre=d sheet. what returns are they projecting what does it mean for valuat=ons of thing already in the trust. ? with low basis. do the kids prefer =tock or art. ? at some tax rate the bene far out way the burdens . b= paing a small amount currently and having cash to invest. Leon is the be=t seller, if the art is to be liquidated. let him do it. BEFORE he die=. who woulld negotiate the sale if not him.? my guess is that he would do b=tter than others. why has not one of the machers. done one before with art. lay out for le=n its, handicaps. . trusstee ship. where does the art stay, on the kid= walls.? the trustees walls :_)/ the kids get no additinal money for 15=years. ? wives. grandchildren. . what filings are annually required.= ? do the kids need more. how should the ownership of beneficial inter=t be distrubuted. should it be on shore or off/ does each kid have a v=ew as to what painting they might like , if any, if none lots of work =or 15 years. . what assets would the kids sell to live.? will they =e prohibited from competing with the clat in sales.. all questions for =eon 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 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<mailto:jeevacation@gmai=.com>, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This email and any files transmitted with it are confidential and intended =olely for the person or entity to whom they are addressed and may contain =onfidential and/or privileged material. Any review, retransmission, dissem=nation or other use of, or taking of any action in reliance upon this EFTA_R1_01398086 EFTA02382204 info=mation by persons or entities other than the intended recipient is prohibi=ed. If you have received this email in error please contact the sender and=delete the material from any computer. Apollo Global Management, LLC <?xml version=.0" encoding=TF-8"?> <!DOCTYPE plist PUBLIC "-//Apple//DTD PLIST 1.0//EN" "http://www.apple.com/DTDs/PropertyList-1.0.dtd"> cplist version=.0"> <dict> <key>date-last-viewed</key> <integer>0</integer> <key>date-received</key> <integer>1505651148</integer> <key>flags</key> <integer>8590195717</integer> <key>gmail-label-ids</key> <array> <integer>18</integer> <integer>S</integer> </array> <key>remote-id</key> <string>7505S9</string> </dict> </plist> 2 EFTA_R1_01398087 EFTA02382205