EFTA01266427
criticaltrust documentFirst Amendment to the Amendment and Restatement of the Jeffrey E. Epstein 2014 Trust
- Dataset
- Dataset 10: Evidence & Media Files
- Type
- TRUST DOCUMENT
- Date
- September 1, 2015
- Pages
- 6
- Classification
- HIGH
- File Size
- —
Summary
6-page amendment to the A&R (EFTA01266403). Key changes: (1) Amendment power simplified — Epstein can now amend unilaterally by delivering to one trustee (was: all trustees must sign), making Indyke sole gatekeeper. (2) New Section 2.5 employment cliff — employee-beneficiaries must work for estate 1 year post-death or forfeit bequests; "misconduct" forfeiture trigger controlled by trustees. (3) Two golden handcuffs bequests (A.36-37) — $200K each for 2 years of continued service, names redacted. (4) $3M to Michelle Fern Saipher (Indyke's wife) for FT Real Estate/KCAC LLC real estate purchase at 2 Kean Court, Livingston NJ — conditioned on remaining married to Indyke. (5) Lyn & Jojo LLC transfer reveals Indyke as nominee property holder. (6) Kahn bequest confirmed at $5M. (7) Three new staff bequests (A.33-35) including Janusz Banasiak at $58.5K. All three trustees re-signed in September 2015.
Linked Entities2
| Name | Tier | Role |
|---|---|---|
| Jeffrey Epstein | T1 | subject |
| Jes Staley | T1 | subject |
Timeline Events1
Cited In Stories9
Employment cliff forfeiture trigger for voluntary discontinuation or misconduct
p. pp. 2-3First Amendment — Staley re-signs; adds employment cliff and golden handcuffs
p. Full documentFirst Amendment — $3M to wife for NJ real estate, conditioned on marriage
p. Section 2.3.A.24 (new)First Amendment — amendment now requires delivery to only one trustee
p. Section 1.3.AFirst Amendment — Indyke as nominee holder of Lyn & Jojo LLC
p. Section 2.3.A.12