EFTA00001912.pdf
413 KB
Extraction Summary
4
People
2
Organizations
1
Locations
1
Events
1
Relationships
3
Quotes
Document Information
Type:
Legal draft / petition attachment (tax advisory opinion)
File Size:
413 KB
Summary
This document is a draft attachment to a Petition for Advisory Opinion filed with the New York State Department of Taxation and Finance (Form AD-1.8), dated September 25, 2013. A sticky note identifies it as a 'JE mark-up,' indicating Jeffrey Epstein's involvement. The text details a 'Settlor's' intent to exercise a 'Substitution Power' within an irrevocable trust to swap personal property for trust assets of equivalent value, noting that NY sales tax was paid on the substituted property and that beneficiaries might use this property without charge.
People (4)
| Name | Role | Context |
|---|---|---|
| Jeffrey Epstein | Subject / Reviewer |
Referred to as 'JE' in the sticky note regarding the mark-up of the document.
|
| Petitioner / Settlor | Petitioner |
The individual creating the trust and requesting the advisory opinion. Likely Jeffrey Epstein given the 'JE mark-up' ...
|
| Trustees | Fiduciary |
Parties to the Trust Agreement with the Settlor.
|
| Beneficiaries | Beneficiary |
Mentioned as potentially being allowed to use the Substituted Property without charge.
|
Organizations (2)
| Name | Type | Context |
|---|---|---|
| State of New York - Department of Taxation and Finance |
Recipient of the petition (Form AD-1.8).
|
|
| Internal Revenue Service |
Implied by reference to Internal Revenue Code Sections 671 to 679.
|
Timeline (1 events)
2013-09-25
Drafting and review of Petition for Advisory Opinion regarding trust asset substitution.
New York
Locations (1)
| Location | Context |
|---|---|
|
Jurisdiction for the tax petition and location associated with sales tax paid.
|
Relationships (1)
Document discusses the 'Settlor' (implied to be JE via sticky note) and his powers relative to the 'Trustees' regarding asset substitution.
Key Quotes (3)
"JE mark - up of Attachment to Advisory OPINION"Source
EFTA00001912.pdf
Quote #1
"The Settlor wishes to exercise the Substitution Power by substituting personal property he owns"Source
EFTA00001912.pdf
Quote #2
"Trustees may allow Trust beneficiaries to use the Substituted Property without charge or other consideration."Source
EFTA00001912.pdf
Quote #3
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