• Thu
  • Sep 18, 2014
  • Updated: 3:24pm

Inheritance

Nan Fung family embroiled in lawsuit over billion-dollar inheritance

The former wife of Chen Din-hwa, late founder of the Nan Fung Group, has sued her daughter over properties worth "substantially" more than HK$1.5 billion, court papers show.

Saturday, 9 March, 2013, 5:03am

Samsung boss Lee Kun-hee wins US$4b in inheritance row

The chairman of Samsung Electronics has kept his fortune and control of the Samsung conglomerate after a South Korean court yesterday ruled against his older brother in an inheritance battle.

2 Feb 2013 - 2:54am

Hong Kong government becomes heir to HK$62m worth of ownerless estates

According to an official source, the government is still seeking ways to identify the unclaimed estates, which include bank savings and items in safe-deposit boxes.

28 Jan 2013 - 10:19am 1 comment

Pets now provided for in estate planning, says veteran Elsa Pau

Elsa Pau Yuen-ling said she saw a couple of cases a year in which her clients decide to include pet care in their wills.

28 Jan 2013 - 5:41am

Where there's a will, there's many ways to get into dispute

Shakespeare's King Lear famously grapples with complex issues of inheritance involving what lawyers would call mental capacity, undue influence and forgery. The passage of time has not simplified these issues, particularly where cross-border issues are involved.

3 Oct 2012 - 3:55pm

Nevada loner lived in Aladdin's cave worth $7m

Northern Nevada officials say there's a lesson here of a Howard Hughes ilk: You can never judge a person's worth by the kind of life he or she leads.

19 Sep 2012 - 4:06am

Parents pay the price in grey area of school entry

Thousands of parents are learning a hard and expensive lesson about the seedier side of the education system in China's second-largest city.

Despite nine years of free compulsory schooling, young parents using their savings, often spending a small fortune, to buy flats that supposedly confer the right - or so they believe - for their children to attend elite primary schools.

5 May 2012 - 12:00am

The many benefits of a trust

The basic concept of a trust is simple - it's a legal arrangement where someone referred to as the settlor, donor or grantor transfers legal title of their assets to an individual or institution, known as a trustee.

22 Apr 2012 - 12:00am

Perils of letting patriarch hold all the assets

Trusts have many uses, even in a low-tax regime like Hong Kong. They can be effective for long-term wealth planning and can provide assurance that assets and wealth will pass intact to the next generation.

22 Apr 2012 - 12:00am

Money is root cause of disputes

Wealth and money have caused conflict in more than half of affluent families in Hong Kong. That is the conclusion of a report released by British investment bank Barclays.

Inheritance and succession are major factors in causing problems resulting in family disputes. The report reveals that 40 per cent of the world's wealthy have had disputes with their families.

28 Nov 2011 - 12:00am

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