From: Thomas Turrin
Sent: Thursday, April 21, 2016 1:40 PM
To: Jeffrey E.
Subject: FW: STATUS OF 2013 GRATS

Jeffrey,

Below is email chain w=th Rich J……about status of 2013 grats.

According Rich Joslin,=the grats failed and the corpus reverted to Leon.

The auditor is asking =or documentation of the annuity payments the annuity payments=/o:p>

called for turned out =o be greater than corpus....see his response below.<=p>

I will look at the dis=ount factors from other years later today. I'm at a client unt=l later this afternoon.

Tom<=p>

From: Richard =oslin [mailto Sent: Monday, April 04, 2016 5:50 PM To: Thomas Turrin Subject: RE: STATUS OF 2013 GRATS

The annuity payment=due to LDB was far in excess of the GRAT corpus. So all GRAT corpus went t= LDB, zero to APO 1
</=pan>

From: Thomas Turrin [mailto:  <mailto: >]
Sent: Monday, April 04, 2016 5:48 PM
To: Richard Joslin <  <mailto:  >>
Cc: Brad Wechsler <  <mailto:  > >; John Castrucci <  <mailto:  >>
Subject: RE: STATUS OF 2013 GRATS

## did the grat assets (p=incipal) then revert to Leon?

From: Richard =oslin [mailto =>I
Sent: Monday, April 04, 2016 5:42 PM
To: Thomas Turrin
Cc: Brad Wechsler; John Castrucci
Subject: RE: STATUS OF 2013 GRATS <mailto

Correct. The =nnuity amount was greater than the assets distributed — these GRAT&#=217;s failed

| Field | Extracted content |
|---|---|
| Context (preceding text) | "Correct. The annuity amount was greater than the assets distributed — these GRATs failed" and a brief salutation. |
| From | [name and email redacted] (mailto: redacted) |
| Sent | Monday, April 04, 2016 — 5:40 PM |
| To | [name and email redacted] (mailto: redacted) |
| Cc | Multiple recipients — names/emails redacted (at least two named recipients shown) |
| Subject | STATUS OF 2013 GRATS |

Rich,

Just a note ...so we are all on the same page wi=h respect to GRAT terminations:

For 2015, there were TWO GRATS that terminated:=/o:p>

1.APO1GRAT #2 - formed 12-04-2013 — the assets at termina=ion were to pour over to the APO1Agreement.

I saw your requests for the 2015 grat calculation= ....much appreciated.

Tom

## did the grat assets (p=incipal) then revert to Leon? (cont.)

Thomas Turrin, CPA is a Partner at Raich Ende Malter & Co. LLP.
Address: 1375 Broadway, New York, New York 10018.
Website: www.rem-co.com.
Contact information (Direct line, Fax, Cell, Email) are obscured.

&n=sp;   &=bsp;

CONFIDENTIALITY STATEMENT=/strong>: The information c=ntained in this electronic communication, including any and all attachments and en=losures, may be privileged and is strictly confidential, intended solely f=r the use of the person(s) identified above to receive this communication.=If you are not the person(s) identified above to receive this communication, you are hereby notified that you may =ot disclose print, copy, disseminate, or otherwise use the information con=ained herein. If you are an employee or agent of the person(s) identified =bove to receive this communication and, as such, you have been authorized to deliver this communication to su=h person(s), you may disclose, print, copy, disseminate, or otherwise use =he information contained in this communication solely for the purpose of s=ch delivery. Unauthorized interception and/or use of this communication are/is strictly prohibited and may be pun=shable by law. If you have received this communication in error, please re=ly and notify the sender (only) of that fact and delete the communication,=including any and all attachments and enclosures, from your computer or other electronic device on which you=may have received this communication.

## did the grat assets (p=incipal) then revert to Leon? (cont.)

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