This document is a summary of the trust agreement creating the APOI GRAT, prepared for Leon D. Black by Alan Halperin of Paul, Weiss, Rifkind, Wharton & Garrison, LLP. It outlines the terms of the GRAT, including trust term, annuity payments, disposition at the end of the trust term, trustees, grantor trust status, and governing law. The GRAT is funded with an 80% limited partner interest in Black Family Partners, L.P., and is governed by New York law.
documents/EFTA01122188.pdf
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