From: Jeffrey <[email protected]> Sent: Thursday, July 5, 2012 5:46 PM To: Eileen Alexanderson Subject: Re: follow up Send me grat dots that separate income from capital appreciation Sorry for all the typos .Sent from my iPhone On Jul 5, 2012, at 12:09 PM, Eileen Alexanderson wrote: > Jeffrey, thinking back through dialogs with Carlyn & Elyse and looking at s=me of my old notes from those dialogs that relate to our conversation this m=rning I offer the following: > Regarding the issue of why turning off the income right now works is that i= would be the independent trustees turning off the income right, not Leon, a=d that the 2006 Trust was drafted purposely in anticipation of this. I beli=ve this relates to the language on page 30 in the attached. > Also, Ada (from US Trust) at one point had suggested to Carlyn that we con=ider having the trustees turn of the income right in the 2006 Trust and the= decant the assets from the 2006 Trust into a new trust before proceeding w=th the Art Partnership to insure a cleaner transaction. > Also, on the subject of the 2006 Trust and other trust paying their own ta=es-important implication for Black Family Partners would be that we no long=r have a single taxpayer. > Best, > Eileen > Original Message > From: NY_730_11_XRX_COPYROOM > [mailto:[email protected]] => Sent: Thursday, July > 05, 2012 12:06 PM > To: Eileen Alexanderson > Subject: Scan from a Xerox Color > Please open the attached document. It was scanned and sent to you using a=Xerox Color. > Number of Images: 60 > Attachment File Type: PDF > Device Name: NY_730_11_XRX_COPYROOM > Device Location: > For more information on Xerox products and solutions, please visit > http://=ww.xerox.com/ EFTA_R1_01330899 EFTA02352073