EMAIL DETAILS

I spoke with our financial planner who handles the life insurance and he said that as owner of the policy Hunter has the right to change the beneficiary at any time so they can’t issue any proof that Kathleen is “irrevocably” the beneficiary. That said, he was looking into two options - one would be to create an ILET (a life insurance trust) or see if the policy could be collaterally assigned to Kathleen. He said that would accomplish the same thing.

Are you familiar with any of this? Sounds like either may require a lawyer to handle - definitely the ILET. As I re-read the agreement, it doesn’t require that he make Kathleen the irrevocable beneficiary only that he provide proof on an annual basis that she is the beneficiary.

Thoughts?


Eric D. Schwerin
Rosemont Seneca Advisors, LLC
2900 K Street, NW
Suite 507
Washington, DC 20007
(202) 333-1880
eschwerin@rosemontseneca.com <x-msg://59/eschwerin@obblaw.com>
P Consider the environment before printing this email.

WE’VE MOVED: PLEASE NOTE OUR NEW ADDRESS ABOVE

> On Apr 6, 2017, at 2:21 PM, SMancinelli <SMancinelli@ainbanklaw.com> wrote:
>
> Hunter and Eric-
>
> See below.
>
> Eric, I am cc’ing you here so that you can help with the logistics of the transfers, etc.
>
> Be in touch with responses to these when you can.
>
> Sarah
>
> From: Rebekah J.H. Sullivan [mailto:RSullivan@ksfmlaw.com <mailto:RSullivan@ksfmlaw.com>]
> Sent: Thursday, April 06, 2017 1:41 PM
> To: SMancinelli
> Subject: RE: Biden
>
> Sarah,
>
> We maintain that it is better for the privacy of both parties that no statements be released, and we ask that the MSA be modified to reflect that no statements will be released. Please understand that anything issued only gives the press something new to report on. If Hunter insists on releasing statements, we propose the following as his:
>
> This has been a very difficult two years for my family, particularly with the death of my brother and the conclusion of my marriage to Kathleen. We are fortunate to have three amazing daughters together. We have resolved our differences and entered into a settlement. We ask that everyone respect our privacy and the privacy of our children.
>
> There are several other matters related to moving forward that I want to raise with you:
>
> -I assume you will bring a Joint Waiver of Appeal, signed by Hunter, to the uncontested divorce hearing. Please let us know whether Hunter will be attending, and whether you have a signed Joint Waiver of Appeal.
>
> -Would you give me an update on the transfer of funds from Hunter’s IRA? We would like to get this accomplished before the hearing if possible
>
> -Would you also provide proof that Kathleen is the sole irrevocable beneficiary of Hunter’s $3,000,000 life insurance policy? Again, we would like this before the hearing.
>
> -Please ask Hunter to remove Kathleen’s name from any credit cards that he is able to. Relatedly, please have him move the debt from the American Express card as soon as possible so Kathleen can use that card
>
> -Does Hunter have any objection to Kathleen reaching out to Joan about transferring bills to her name?
>
> Thank you,
>
> Rebekah J.H. Sullivan
> Kuder, Smollar, Friedman & Mihalik, PC
> 1350 Connecticut Ave. NW
> Suite 600
> Washington, DC 20036
>
> www.KSFMLAW.com <http://www.ksfmlaw.com/>
> Tel: 202/331-7522
> Fax: 202/331-0388
>
>
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>
> From: SMancinelli [mailto:SMancinelli@ainbanklaw.com <mailto:SMancinelli@ainbanklaw.com>]
> Sent: Wednesday, April 05, 2017 11:42 AM
> To: Rebekah J.H. Sullivan
> Subject: Biden
>
> Hi Rebekah-
>
> Attached is Hunter’s press statement. Its identical to the one that Meg prepared at mediation except that we changed “breakdown” to “conclusion”. Please confirm the attached is agreeable to Kathleen.
>
> Given the Court’s refusal to seal the file and the fact that TMZ has already run a story about the Judge’s Order from yesterday, our thought is that the parties should release these statements soon. Either before or in conjunction with the hearing next Friday.
>
> We welcome Kathleen’s input.
>
> Thank you-
> Sarah
>
> Sarah E. Mancinelli, Esq.
> Ain & Bank, P.C.
> 1900 M. Street, NW, Suite 600
> Washington, D.C. 20036-3565
> (202) 530-3355 (direct dial)
> (202) 530-4411 (fax)