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Ariella Rosengard would probably move to England with her husband
and children, Ms. Mirowski wanted her daughters, and eventually
her grandchildren, to work together, remain closely knit, and be
jointly involved in managing (1) the investments derived from the
royalties received from Dr. Mirowski’s invention of the ICD and
(2) the business matters relating to the ICD patents and the ICD
patents license agreement, including the litigation arising with
respect to those patents and that license agreement.
With respect to Ms. Mirowski’s purpose in forming MFV of
maintaining in a single pool the bulk of the family’s assets in
order to allow for investment opportunities that would otherwise
be unavailable, certain investment opportunities at Goldman Sachs
would not have been available if Ms. Mirowski had separated her
assets among her daughters or her daughters’ trusts by giving a
portion of those assets to each daughter or each trust.
With respect to Ms. Mirowski’s purpose in forming MFV of
providing for each of her daughters and eventually each of her
grandchildren on an equal basis, the formation of MFV and the
transfer by Ms. Mirowski of an equal interest in it to each of
her daughters’ trusts enabled Ms. Mirowski to ensure that her
daughters, and eventually her grandchildren, would continue to
hold respective interests of equal worth in the bulk of the
family’s assets.
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Last modified: March 27, 2008