This memorandum from Sullivan & Cromwell LLP discusses estate planning strategies for Leon Black, focusing on minimizing estate tax and preserving assets for descendants. It covers CLAT planning, self-dealing and excess business holding rules, tax receivable agreements, generation-skipping transfer tax planning, governance considerations, loans from family trusts, a Bank of America loan, fiduciary compensation, probate considerations, and an art use agreement.
documents/EFTA00591793.pdf
{}