The necessity of estate planning stems from the general lack of estate planning among the rich and the general public. When disasters occur, domestic heritage disputes caused by the accidental death of the deceased are increasing.
Qian Jing believes that in the traditional culture of China, death is the best expectation for death. However, not everyone can finally sleep in the bed that is usually used at home. When people are still using Kong's Peach Blossom Fan? See him build a tall building, see him entertain guests, see his building collapse? Several classic lines describing the impermanence of the world lament that when celebrities in business and entertainment circles died young in recent years, sudden snowstorms, earthquakes, mine disasters, dam breaks and other natural and man-made disasters also disrupted the original life order. An unavoidable problem has become increasingly prominent: because the rich and the general public generally lack inheritance plans, domestic inheritance disputes caused by the unexpected death of the decedent without warning are increasing.
On the Necessity of Heritage Planning
Heritage issues have become the hardest hit areas of disputes.
At first glance, the title of the article seems alarmist, which is usually the most taboo topic in China. However, as the only plan to manage money for others, estate planning has its own reasons.
In May 2007, Shanghai businessman Liu died suddenly after returning home from official business. Its legacy is mainly the company and its 82.5% equity of a real estate limited liability company and three property companies invested by * * *. Among the three property management companies, Liu directly holds 5 1% equity. In addition, Liu personally left seven villas or commercial real estate and five Audi cars in Shanghai, Jiangxi and Zhejiang.
Like most people in China, Liu did not make an estate plan in advance and left no will. After the first few days of grief, Liu's fiancee Yang and Liu's father soon began to compete for the above-mentioned property left by Liu.
Although the succession dispute was full of twists and turns, with the efforts of lawyers, it finally failed to enter the court sentencing procedure. The two sides reached an out-of-court settlement and the lawsuit was dismissed. According to the settlement agreement, the equity part of Liu's legacy, a villa and two cars in Shanghai belong to Liu's father, and the rest belongs to Yang.
With the continuous development of China's economy in recent years, the problem of heritage planning has become prominent. The wealth accumulated through hard work not only brings happiness to future generations, but also brings infinite desolation behind it. This is definitely not the will of the deceased.
Estate planning is an important part of personal finance.
According to the statistics of China's grass-roots courts, nearly 70% of inheritance disputes are caused by the decedent's failure to make a will or make an estate plan before his death, and nearly 84% of the remaining 30% inheritance disputes are caused by the lack of legal elements or the illegal form and content of the will.
It can be seen that China people's awareness of heritage planning and professional knowledge are still relatively lacking. If the potential heirs who own property in the whole society can make estate plans and make wills with the help of lawyers, private financial advisers and other professionals in advance, then all kinds of estate disputes will be greatly reduced.
Generally speaking, the so-called estate planning refers to the pre-arrangement of assets and wealth after death with the help of private financial consultants, lawyers, accountants and other professionals. Broadly speaking, estate planning means that people decide in advance how to deal with a series of related matters, such as disease care and property distribution, with the help of the above professionals.
For the public, especially some rich people, making estate planning and considering family inheritance should be as common as making business plans or buying commercial F.A. insurance, and carefully planning living wills and wealth in advance is also creating wealth or at least actively defending wealth.
Professional financial services help the smooth inheritance of wealth.
Strictly speaking, estate planning is only a part of family fortune's inheritance. How to transfer wealth to the second generation and develop it continuously and healthily is the most urgent need for wealth creators to consider.
When it comes to the inheritance of wealth, we will naturally think of an old saying of China:? Rich but not three generations. ? The logic behind this sentence is simple: the first generation, through entrepreneurship to achieve the glory of their careers, is bound to be inseparable from the spirit of hard work and hard work. Once you are rich, you naturally want your children to live a good life. China's parents, in particular, have a traditional idea that they want to leave their pain to themselves and their happiness to women.
So-called? Can't it be bitter again? Therefore, their children and grandchildren will inevitably form the habit of doting on themselves, their motivation and fighting spirit will often be inferior to that of the first generation, and their wealth will only decrease day by day. If you are unfortunate enough to meet the descendants of a prodigal family, the wealth accumulated by your ancestors will be squandered at an abnormal speed.
Specifically, family fortune's inheritance is divided into property inheritance and career inheritance. Relatively speaking, it is easier to inherit property, and parents can seek financial experts to provide professional and meticulous property planning services. As for the inheritance of the cause, its difficulty and complexity are much more difficult and complicated. It requires parents to comprehensively consider their children's hobbies and characteristics, and consciously strengthen various training in the early stage, including giving children a positive and healthy outlook on life, psychological tolerance for setbacks, and motivation to continue to operate.
Professional advice
It has been accepted by more and more rich people to find an excellent and conscientious financial adviser to help them inherit and plan their property. China Merchants Bank's private banking business is committed to providing tailor-made investment, wealth management and property consulting services for high-end customers with financial assets10000000, among which estate planning and wealth inheritance are important components. When making an estate plan, a qualified financial advisor should at least help clients consider the following questions:
Whether the customer left a will according to his own wishes; Identify health care providers when customers are in poor health; Determine the client's property manager when the client loses his capacity for conduct; Determine in advance how much taxes and fees to bear in case of inheritance; What arrangements should be made to avoid relevant taxes and fees reasonably;
In the event of death, whether the life insurance available to other members of the client's family is sufficient to maintain the normal operation of the family, including providing basic living security for the spouse, enabling the children to complete their due education, and enabling the elderly who need support to continue to enjoy a stable and peaceful old age; How do customers pass on their property to the next generation after retirement?
Of course, many times, property and career are difficult to separate. Property is the result of business operation, and the sustainable development of business is the guarantee of property. For those who create wealth, we should find professional, conscientious and high-level financial advisers as soon as possible to plan the inheritance of wealth, and at the same time pay attention to cultivating the excellent quality and ability of heirs, so that the family business can be guaranteed to the greatest extent.
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Characteristics of heritage
According to the relevant provisions of the inheritance law, inheritance must meet three characteristics: first, it must be the property left by citizens when they die; Second, it must be the property owned by individual citizens; Third, it must be legal property. These three conditions must be met at the same time to become a heritage. The legacy includes the following items:
Legitimate income of citizens. Such as wages, bonuses, deposit interest, legal business income, property acquired by inheritance or acceptance of gifts, etc.
(2) Citizens' houses, savings and daily necessities.
(3) Citizens' trees, livestock and poultry. Trees mainly refer to the trees planted by citizens on the homestead and the trees planted in hilly land.
(4) Cultural relics and books of citizens. Citizens' cultural relics generally refer to paintings, antiques and works of art collected by citizens themselves. If there are particularly precious cultural relics among the above-mentioned cultural relics, they shall be handled in accordance with the relevant provisions of the Law of People's Republic of China (PRC) on the Protection of Cultural Relics.
(5) The law allows citizens to own all the means of production. Such as automobiles, tractors and processing machines contracted by rural specialized households. Various means of production owned by urban self-employed, overseas Chinese and compatriots from Hong Kong, Macao and Taiwan who invest in the Mainland.
(6) Citizens' property rights in copyright and patent rights, that is, the remuneration and bonus obtained based on the publication of citizens' works, or the patent transfer fee and patent use fee obtained by exploiting inventions and creations.
(7) Other lawful properties of citizens, such as citizens' treasury bills, bonds, stocks and other securities, demobilization fees and job-changing fees for demobilized veterans, and citizens' pensions and pensions.
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