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---------------------- Forwarded by Mary Fischer/HOU/EES on 08/29/2001 05:21 PM --------------------------- David Donnelly <donnelly@gddcpa.com< on 05/17/2001 08:38:29 PM To: "'mfischer@enron.com '" <mfischer@enron.com< cc: Subject: RE: Leon Kent and Lloyds Mary-- I'm not sure what me fee would be, but once I get a better idea of what is required, I can provide it. I cannot imagine that it would be too much--you know that we try to bill according to the value provided to the client. Unfortunately, I will be out of town (visiting my new grandson, Luca Pelizzoli Bishop, in Tanzania) from June 29 to July 21. I would like to meet with all of the beneficiaries as soon as possible, however. When will John be in town again? At the very least, let's meet with you and Bill-- Lloyd's--Jeanne Long follows the ALM/ANA information fairly closely. Evidently, there was a fairly significant court case which a Texas Name lost last week. I do not know the details, but she is somewhat concerned. I still cannot imagine that the courts in Texas will allow some foreigner to come here and take assets from honest Texans. Jeanne tells me that there is a lot of politics involved, that the FBI is interested in pursuing Lloyds on some securities fraud or investment scam charges, but that the British government is trying to intervene. I've got no idea what it means, but if I were you, I would consider all my decisions with the thought of protection against a bad court outcome as a possibility. As a practical matter, this means: Keep all trust or estate assets in the trust or estate, minimize your non-exempt assets, and maximize your exempt assets, such as taking any exposed funds and putting them into pension funds or paying off a mortgage on a homestead. If you would like to come in to discuss asset protection, I would be glad to talk to you -- on a friend basis rather than a charge basis. let me know when you find the trust agreement-- David -----Original Message----- From: mfischer@enron.com To: donnelly@gddcpa.com Sent: 5/17/01 7:46 PM Subject: RE: Leon Kent and Lloyds David, I would like to go forward with using you as a trustee. I don't think that you will be exposing yourself to any liability. The next question is what will your monthly fee be? Would you be available to meet with John and hopefully Bill and myself. John will be in town July 2nd through the 5th. Would you be available during one of those days? As soon as I can find it I will mail you a copy of the trust agreement. Thanks for all the help and should I be worried about Lloyds? Mary David Donnelly <donnelly@gddcpa.com< on 05/16/2001 01:05:18 PM To: "'mfischer@enron.com'" <mfischer@enron.com< cc: Subject: RE: Leon Kent and Lloyds Hey Mary-- Our informal policy is to not accept executorships/trustee positions, but we do make exceptions. If you think that I'm not exposing myself to much liability, I'll be glad to do it. Yes Leon is alive. When he called yesterday, he reminded me twice that he was 83 and at least once asked me who he was talking to. I was about to call him and tell him not to worry about Lloyds, but another client just called and said "Lloyds is breathing down my neck" The possible Lloyds exposure is one more reason to keep the assets in the trust--- Let me know if you want to go forward with the trust-- David David Donnelly Gainer, Donnelly & Desroches, L.C. Certified Public Accountants Post Oak Office 1177 West Loop South #600 Houston TX 77027 phone 713 621 8090 ext 28 direct line 713 965 5555 fax 713 621 6907 alternate email sgainercpa@aol.com website www.gddcpa.com -----Original Message----- From: mfischer@enron.com [mailto:mfischer@enron.com] Sent: Tuesday, May 15, 2001 11:34 AM To: donnelly@gddcpa.com Subject: Re: Leon Kent and Lloyds David, Thanks for your reply on the trusts. I've been meaning to e-mail you back for the last week. It has been on my list of things to do and of course I'm procrastinating. I even promised my brother John I would get back with you on Monday. Well I didn't fulfill that promise but I'm just one day late. Leon Kent is still alive! Tell Leon that I get monthly correspondance from Equitas and that I trash it. They are still trying to get names to rejoin. There is nothing knew that is happening at Lloyd's except the usual propaganda that is put out by the groups that were formed in hopes of suing Lloyd's. They tend to send out material saying that Lloyd's can still come after names after they have settled with Equitas. Back to the trusts - I really was hoping that you/the firm would take over. When I said that I wouldn't handle the accounting of the trusts because of family difficulties, I was refering to my oldest brother, John, who has a law degree and knows enough to ask questions and he keeps asking questions that I get stressed trying to answer and then we get into an arguement. I wanted someone who knows what their doing to handle the trusts because he won't ask them any questions and it is worth it to me so I can have peace and quiet. (George knows John.) John had heard good press about you and was very comfortable if you were interested in handling the trusts once Chase Bank is removed as trustee. Bill who is extremely easy going will go with anything. I hope that work has slowed down now that the 15th is over and that you've had a chance to catch your breath. David Donnelly <donnelly@gddcpa.com< on 05/15/2001 10:56:31 AM To: "'Mary Fischer'" <mfischer@enron.com< cc: Subject: Leon Kent and Lloyds Hey Mary-- your pal, Leon Kent, called me about Lloyds. In my clients, I've got four or five Lloyds members. some took the Equitas settlement, some remain Lloyds names, and some just quit answering the mail. My basic advice to Leon is -- ignore them, they aren't going to make you the test case for going after assets in Texas. But, before I give it to him, is there anything new at Lloyds that you are aware of? What are you doing about it? Hope all is well. Did you get my answer on the trust issues? David David Donnelly Gainer, Donnelly & Desroches, L.C. Certified Public Accountants Post Oak Office 1177 West Loop South #600 Houston TX 77027 phone 713 621 8090 ext 28 direct line 713 965 5555 fax 713 621 6907 alternate email sgainercpa@aol.com website www.gddcpa.com
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