The Chinachem Charitable Foundation, set up by late tycoon Nina Wang Kung Yu-sum, is believed to have filed an appeal against a High Court ruling that it should hold her HK$83 billion estate in trust rather than as an absolute beneficiary under her will.Saturday, 9 March, 2013, 5:03am
My husband and I have owned our flat here for more than 35 years. For succession planning, we would like to add the names of our two children (living and working abroad) to the title deeds of the property. Would this involve any duty or tax at any stage and, if so, would it be wise to do it in the current financial climate? We are about to start making our wills.25 Feb 2013 - 2:14am
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
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
My wife and I are equal owners of our company. My will provides for my share of the company to pass 50 per cent to my wife and 50 per cent to my three children. Our home is in both our names. If something happens to me or my wife what happens to the company's assets?21 Jan 2013 - 3:49am
How do you write a will?
A will aims to honour your final wishes. Those wishes usually cover to whom you pass your assets, who is responsible for ensuring this happens and how your remains will be dealt with.14 Jan 2013 - 7:46am
The Crowfield Demon By Pat Walsh Published by Chicken House ISBN 978 1 906427 63 423 Aug 2011 - 12:00am
Writ seeks document signed in 2006 to be ruled invalid
Lawyers for a charity that was the beneficiary of a 2002 will by Nina Wang Kung Yu-sum filed a writ in the High Court yesterday asking that a later will purporting to leave her estate to fung shui master Tony Chan Chun-chuen be ruled invalid.26 Apr 2007 - 12:00am
The battle for the estate of Nina Wang Kung Yu-sum could be further complicated by a recent landmark ruling of a probate case in Britain that involved an abrupt change of will.21 Apr 2007 - 12:00am
Nina Wang Kung Yu-sum once said she wanted to leave all her personal fortune to charity. She also expressed an ambition to set up an international prize similar to the Nobel prizes.
But last night it remained a mystery how the HK$32.7 billion estate that made her Asia's richest woman and placed her 204th on the international rich list would be distributed.5 Apr 2007 - 12:00am