Inheritance | South China Morning Post
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  • Jan 29, 2015
  • Updated: 5:13pm

Inheritance

Nan Fung family embroiled in lawsuit over billion-dollar inheritance

Vivien Chen Wai-wai. Photo: Dickson Lee

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

Lee Kun-hee

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

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

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

Samsung chairman Lee Kun-Hee is sued by his siblings in inheritance feud.

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

Walter Samaszko Junior stored gold coins in ammunition boxes.

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

Wealthy use wills to benefit neediest heirs

When it comes to inheritance, not all children are equal, according to a new survey of the wealthy. The needier offspring are likely to get more, as are those willing to take over the family business.

Barclays Wealth recently surveyed 2,000 high-net-worth individuals, those with GBP1 million (HK$12.4 million) or more in investible assets, 100 of whom were in Hong Kong.

16 Nov 2011 - 12:00am

Clients look for simple answers

Two questions inevitably confront investors and entrepreneurs once they achieve a certain level of personal financial success: how to protect their wealth and who else should benefit from it.

23 Oct 2011 - 12:00am

Smart Money

Useful investing resources - wills and inheritances:

smartmoney.com/how-to/

3 Oct 2011 - 12:00am

Court upholds Bossini heir's right to control HK$330m family fund

The Court of Appeal yesterday granted the son of the late founder of the Bossini clothing label total authority over a HK$330 million fund left to the tycoon's descendants.

1 Jul 2011 - 12:00am

Row over HK$330m fund back in court

The second son of late Bossini founder Law Ting-pong said he had absolute discretion over the distribution of about HK$330 million his father had reserved as a 'rainy day' fund for his descendants, the Court of Appeal heard yesterday.

2 Jun 2011 - 12:00am

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