"Mianmian, did something happen to you?"
"Dad, nothing's wrong, so you don't need to worry. It's just that I saw too many things like this during my trip to Hong Kong. There are many people who would do anything for wealth and status, but when a family faces a crisis, the feelings between husband and wife are not as valuable as money!"
"Moreover, I saw many young people in the port city who were very impetuous, just like the students in 1965, who could not resist being provoked by others."
I saw in them that today's children lack refinement, but this refinement takes time, and the specific timeframe is something only time can control. Therefore, I don't want this money to be a return on their investment.
"If that's the case, while money can bring people a comfortable life, in the long run it will make them lose their fighting spirit."
“That’s right, Dad. Actually, the most important thing is that I really want to see them raise the price and then go to court! At that point, all that will be left between the brothers is hatred.”
When do you plan to set up a family trust fund?
"We'll have to wait a bit longer, at least twenty years from now! I plan to get the charity foundation up and running for twenty years first. I want to learn from it and train a group of people before doing anything else. After all, apart from foreign countries, only Hong Kong is doing this foundation well. Other places are not doing it well."
"But Mianmian, are you absolutely certain that this fund won't lose money?"
"Mom, it's not that I can't pay out, but there's something else called a large insurance policy, and that's what I'm waiting for!"
"What is a large insurance policy?"
"A type of insurance business."
Are there any in Hong Kong as well?
"Yes, but no wealthy businessman in Hong Kong is using it yet, so I'm waiting!"
"So how much cash do you plan to keep for your children?"
"I haven't decided yet. It depends on whether the next generation has a talent for business!"
"But wouldn't this still cause discord among the descendants?"
“Dad, talent is talent, but my requirement at the time is only that he participate in management, not that he inherit the business. In other words, he will just be an employee, not an owner.”
"What if there isn't one?"
"Then let's transfer the shares to the family trust. It's better than someone who doesn't have the ability to take on the main responsibility!"
"At this rate, it won't be long before the assets left to them are all lost."
"That's probably just wishful thinking on your part; the child would likely not agree!"
"There's nothing I can do about it. It's my money, so I'm the one who has the final say!"
"Aren't you afraid that this will cause a rift between mother and son?"
"If I really thought this was a conflict, I would donate all my money and not leave them a single penny!"
"You silly child, what kind of mother in this world would make things difficult for her own child!"
"Mom, this kind of thinking is only common among us Easterners; it's very common in foreign countries."
Putting everything else aside, I think it's perfectly fine to let the child go and not take care of him after he turns 18!
"Why don't you think about what will happen to your children when they get old and you stop taking care of them after they turn 18?"
"The state provides for the elderly! Can you guarantee that everyone's children will be filial when they get old? Can you guarantee that they will be there to take care of their parents?"
"Aren't you just contradicting me? I can't argue with you, you old woman. I'm not saying anything more, I'm going to go check the kitchen!"
"Mianmian, you can decide what's best for your money! We won't interfere, but we also won't agree to your idea. After all, we just want our children to have a good future!"
"Dad, I know you can't understand, but I'm doing this for the good of my children and grandchildren's future!"
"That's good!"
I know they will find it hard to understand, but I don't want to see my child end up in court one day.
Besides, I earned this money myself, so I have the final say. As for the rest, we'll talk about it later.
Leaving aside the companies he has invested in over the years, all the properties his family has purchased, including the courtyard house he currently lives in, are registered in his name.
Aside from the villas in the area where all the children have a share, they only own one property in the city where they are currently stationed. They don't own any other properties.
"Did you really say that to your parents?"
"Don't you believe me?"
"I just didn't expect you to be so direct."
"I definitely need to tell you in advance!"
"Why? Your parents' New Year is already over. Even if you don't tell them now, they'll never know!"
"I know! But I just let my sister-in-law and the others know through them!"
Are you worried that your other children will also have conflicts over money in the future?
“Although they are not my biological children, I have raised them for so many years, and I still know them well. They are good children and will not have any conflicts over this.”
"Then what is it for?"
"They might not, but I can't guarantee whether their future wives will."
"Then can you guarantee that every woman we marry into our family will be a wife?"
"I can't guarantee that, so I won't hand over my money or shares in advance."
Furthermore, I have already hired a lawyer in Hong Kong to ensure that, in the event of any unforeseen circumstances before the establishment of a family trust, all funds will be returned directly to the trust.
If all goes well, I will re-plan my assets and distribute them uniformly at that time!
"You've been planning this all along!"
"Yes! I just want my descendants to have a better life. As for whether they will go into business, that's up to their own abilities!"
"If one of your children had a business mind, would you still do this?"
"Probably so, but we won't put most of the funds in a family trust fund. At least we will ensure that the funds are distributed fairly among the children."
"Fine! Do whatever you want, it's for the good of the children anyway, it's their own fault for not being able to do it themselves."
As for your decision to establish a charitable foundation, I have no objection.
"That's good, but there's something I need to tell you!"
"you say!"
"I will name the charitable foundation after my parents!"
"Is this what you mean?"
"yes!"
"Sure, no problem, using the master's name is fine!"
"Then it's settled, it will be called the Long Juan Foundation!"
"It sounds like one person's name, not two people's name?"
"No! There's another symbol in the middle, it's this \\u0026!"
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