EFTA00664883.pdf

From: "Barry J. Cohen" <I To: jeffrey E. <[email protected]> Subject: RE: Sales tax forms--Partnership art Date: Mon, 18 Sep 2017 19:55:52 +0000 When both DRB and LDB are dead, I always assumed the trusts will appoint a new manager who would liquidate the art. Could be a family member or trustee. Could be someone LDB recommends before death. No need to sell partnership art if just one of them has died, right? From: jeffrey E. [[email protected]] Sent: Monday, September 18, 2017 3:22 PM To: Barry J. Cohen < > Subject: Re: Sales tax forms--Partnership art in your estate plan , who sells the partnerhsip art? On Mon, Sep 18, 2017 at 2:54 PM, Barry J. Cohen wrote: Why would there be sales tax in respect of partnership art? From: jeffrey E. [mailto:jeevacationagmail.com] Sent: Monday, September 18, 2017 7:48 AM To: Barry J. Cohen Subject: Re: [External] is the trust filing the sales tax form? what about the partnership art? On Mon, Sep 18, 2017 at 7:18 AM, Barry J. Cohen <I > wrote: Shouldn't be hard. Ada is out this week, but we can do this. Sent from my iPhone On Sep 18, 2017, at 6:15 AM, jeffrey E. <jeevacation®gmail.com<mailto:[email protected]>> wrote: Barry, My fire drill request for his estate has been ignored for quite a while. As you said you would like to learn and dont mind seeing the ugly. Ask to craft all documents and review the issues raised if Debra was to die first. lets stick with Leons use of Trust Art. . . 1 ask for a copy of their proposed rental agreement. get real numbers as if it happened today. . I assume a wide range of 4-8 percent . could be good as money flows to trust. however. assume 2 billion of art. 5 - 10 millonn in sales tax on rental. . per year.. valutations and rental rates. will be open ? will the houses owned by the kids trust , need to rent from leon? . does the sales tax filing trigger further inquires. ?. There are much easier and free ways. . but i suggest you ask 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 EFTA00664883  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 [email protected]:[email protected]>, 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 solely for the person or entity to whom they are addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon this information by persons or entities other than the intended recipient is prohibited. If you have received this email in error please contact the sender and delete the material from any computer. Apollo Global Management, LLC 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 [email protected], 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 solely for the person or entity to whom they are addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon this information by persons or entities other than the intended recipient is prohibited. If you have received this email in error please contact the sender and delete the material from any computer. Apollo Global Management, LLC 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, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00664884