RE: Epstein Insurance Trust [I]

We reached out to family office

waiting on them

thanks

Thanks

UBO

Looks like someone added her to the KYC already

It was The 2007 Jeffrey E Epstein insurance trust

who is the current ben

and do you have all the info/ID on that bene

Based on the trust doc, we don't think she is the bene. I will circle back tomorrow

See attached. It looks like they replaced the initial beneficiaries with fcid:image002.png@OlD47D09.D587EE201

Regards,
Brad

It's actually the following page

Thank you. So gets it after the grantor's death. Currently, the grantor would be e eneficiary. No?

I think that is probably true. Realistically the value in the trust only comes when the grantor dies and the life insurance pays out. But in the meantime, we have $276.65 sitting in cash . . .

Let's talk about this.

Please see below. It looks like the brother is the current beneficiary.

We need to remove was as the ben and add the brother. Can you do this or do you want me to reject it back to India? Or if you have all the info, I can ask someone in Jax to do it so we can approve today? Just let me know. Thanks

Article First (a) identifies the grantor's brother (Mark Lawrence Epstein) as the individual that can benefit from the trust until the death of the Grantor. The change of beneficiaries document from 2012 amended Sections (b) (1) of Article First, which deals with the beneficiaries upon the death of the grantor of the Insurance Trust.

There are later amendments that remove the original bens and name

Hello,

Yes, that is the part you sent me — amendment of the benes AFTER his death. We are not interested (for the KYC purposes) the contingent beneficiaries. The amendment only amends the contingent beneficiaries.

The amendment document specifically states that it is deleting all beneficiaries named under sections (b) (1) through (b) (6) of Article First of the Insurance Trust and added certain beneficiaries, who, upon the death of the grantor of the Insurance Trust, would be entitled to the principal and all accumulated income from the Insurance Trust. Mark was listed in (b) (6), which deals with AFTER DEATH.

However, the amendment did NOT modify section (a) of the First article, which identifies him as the person that could benefit from the trust until his death.

I'm attaching the trust documents. It contains the amendment (page 4 -5 of the attachment). The original trust agreement follows the amendment.

Got it. I didn't read it that way the first time, but do now. Thanks for the clarification. Now I remember why I decided not to become a lawyer . .

So, what info do we need on the brother?

Thanks for staying with this one.

Hello,

So we need name, address, DOB and nationality. Then we need to verify him. In this case, the settlor is a PEP so we need ID.

Do we think he is still a PEP? Is he still associated with prince Andrew? If you make a good case where he is no longer a PEP... then we can verify him in an alternative means — Lexis smartlinx—which you get when you run full searches. If you want to go this route, I would send an email to Andrew Gallivan stating why you think he should no longer be a PEP. He is technically an RCA (relative and close associate) to Prince Andrew and Bill clinton. Is he still associated with them? To the best of your knowledge, do you think he is exerting influence based on his connection to these PEPs? Etc. Once Andrew approves, please forward the email to me.

If you believe he is still associated, then we need a government issued ID.

Thank you

I think he is friends with those people, but I've never thought he was exerting political influence or should be deemed a PEP. Maybe we should tackle that issue at a later date assuming I can just get an ID for Mark

Sounds good. If you can get his ID, that would be the easiest. Thank you.

Actually, turns out that the client plans to close this account prior to year end. Can we just move it to the exclusion list? They also plan to close Mort, Inc, but we've already done that KYC.

Thanks