Epstein File EFTA00589672: Leon Black, Trust Fund and Memorandum (DS9)

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🔥IMPACT LEVEL 4 — SIGNIFICANT

Epstein File EFTA00589672: Leon Black, Trust Fund and Memorandum (DS9)

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This document describes a complex trust fund arrangement involving children as settlors and trustees. The trust appears designed to distribute funds to beneficiaries, with specific provisions for distributions to Debra and the settlors' descendants. Independent trustees have discretion in determining trust fund distributions.

👤 Named in This Document

Leon Black

🔑 Evidence Keywords

trust fund memorandum warrant arrangement

📋 Key Excerpts11

PersonKeyword

Excerpt 1

Trust Fund Each child of yours will be a creator of a trust (the "settlor") for the primary benefit of his or her future children and more remote issue

Excerpt 2

Distributions The primary trust provides that the trustees must distribute as much of the trust fund to Debra and the settlor's issue¹ as the independent

Excerpt 3

In addition, the trustees must pay as much of the trust fund of each trust to the Primary Beneficiary as the independent trustees determine.