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To: Mortimer Zuckermani From: Jeffrey Epstein Sent Sun 10/27/2013 12:31:58 AM Subject: Re: the numbers are the easy part .. the practical judgements , like having your trustee have to ask your daughter for money, or for having morgan stanley audit their own numbers , or trying to transfer the value of usnews , with limited cashflow , grats will not work, ( ellen doesn't know the numbers , she was going to use R and R ). having neg basis in bxp and , an exagereated preferred in the daily news and usnews, capital commitments in funds that might not allow transfer, to your beficiarires , or they might be willing to accept those investments, ( no anaylsis really done yet ). , tax nols that will expire shortly , charitable commimtents, that need to offset current income tax soon to be generated. , art values with inherent gain , donor advised fund silly, is super smart, Kris needs to justify his staying and explain away , error after error that has been allowed to grow. .. alterative minimum tax that will shortly affect you. , take your time , to understand On Sat, Oct 26, 2013 at 8:17 PM, Mortimer Zuckerman wrote: Thanks Jeffrey I will go through the plan this week and try to understand it especially the financing dimension of discounting future values and financing them at current rates which I admit I don't fully understand the operational aspects and thus it's value. Mort Sent from my iPhone On Oct 26, 2013, at 7:43 AM, "Jeffrey Epstein" <[email protected]> wrote: im in caribean , Im of two minds, my friendship resposnibility dictates that i tell you that the plan is flawed. seriously flawed .. my professional responsbiliy dictates stay out of it , as mort has yet to understand the value of what is being suggested. *********************************************************** The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for

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