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📄 Extracted Text (578 words)
To: Peggy Siege Michaels, Philip J
Fran: Jeffrey Epstein
Sent: Tue 2/25/2014 11:24:15 AM
Subject: Re: Estate
phil just look at the accointing it is incorrect.
On Fri, Feb 21, 2014 at 4:09 PM, wrote:
Jeffrey...can you please take a look at this and weigh in. Thanks. Peggy
Sent via BlackBerry by AT&T
From: "Michaels, Philip J." <[email protected]>
Date: Fri, 21 Feb 2014 20:02:42 +0000
To: '[email protected]'<[email protected]>;
[email protected]<[email protected]>
Cc: Klingel, John<[email protected]>
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.
I. 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 arc
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divided equally, she should receive: S50,000 plus 5259,500 for a total of 5309,500.
However, t 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
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