EMAIL DETAILS

One comment as it relates to calculation of income. It is obvious that Kathleen’s preference is that personal expenses not run through the business as a way of hiding income but we should make sure that legitimate business expenses that are paid via the business should still not be captured as income for purposes of spousal support.

For example, office rent, legal and accounting bills, etc. I could easily envision a scenario where we get a distribution payment and decide to pay down some outstanding bills or even pre-pay rent such that none of that distribution flows through to Hunter or the other partners personally. Given the current income prospects it may be more responsible for us to make sure our rent is paid for the remainder of the year before paying out a distribution as an example. Hunter shouldn’t be penalized for that. Not sure if this is what Kathleen is envisioning in the income definition but just thought it important to make that point.


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 Mar 15, 2017, at 2:39 PM, SMancinelli <SMancinelli@ainbanklaw.com> wrote:
>
> Just received.
>
> From: Rebekah J.H. Sullivan [mailto:RSullivan@ksfmlaw.com <mailto:RSullivan@ksfmlaw.com>]
> Sent: Wednesday, March 15, 2017 2:20 PM
> To: SMancinelli
> Cc: Meg McKinney (mmckinney@delaneymckinney.com <mailto:mmckinney@delaneymckinney.com>)
> Subject: RE: Biden
>
> FOR SETTLEMENT PURPOSES ONLY
>
> Sarah,
>
> Please find attached our revisions. I put comments in the document explaining the substantive changes. Kathleen is willing to sign this as soon as we receive confirmation that Hunter also agrees.
>
> Sincerely,
>
>
> 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: Tuesday, March 14, 2017 1:27 PM
> To: Rebekah J.H. Sullivan
> Cc: Meg McKinney (mmckinney@delaneymckinney.com <mailto:mmckinney@delaneymckinney.com>)
> Subject: Biden
>
> FOR SETTLEMENT PURPOSES ONLY
>
> Rebekah-
>
> Attached is the revised draft. Send me back your comments. I hope we can wrap this up soon.
>
> 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)
> <Biden MSA 3.15.17.CLEAN.docx><Compare SM w RJHS.pdf>