Chapter 120 A Will? It must be made!

Li Xinfeng said respectfully:

"Good morning, Miss. I have just reviewed your current asset allocation. Apart from a few individual projects and corporate investments, you only have real estate investments. Besides that, I haven't found any insurance policies. For personal coverage, I suggest you purchase whole life insurance to achieve asset segregation, configure annuity insurance to hedge against longevity risk, and purchase high-end medical insurance to gain access to top-tier global medical resources..."

It felt so complicated.

"Let Lawyer Qian look at it first. If he confirms it's suitable for me, then I can purchase it," Ling Yue said.

Next, Li Xinfeng's tone became even more cautious, even carrying a hint of probing:

"To protect your wealth, I suggest you set up trust management and simultaneously draft a will to counter the uncertainties in life."

Seeing Ling Yue's expression darken, Li Xinfeng's heart skipped a beat.

He quickly explained: "Drafting a will is not meant to imply pessimism, but rather rational management; it is entirely a precaution against risk."

Ling Yue raised her hand, and Li Xinfeng immediately fell silent.

A layer of cold sweat broke out on his back.

Young wealthy people are in the prime of their lives, and the topic of death is the biggest taboo.

But this was his job; he had to say it.

How miserable.

He wouldn't get fired on his first day, would he?

The next second, Ling Yue stood up abruptly and said loudly: "You're right, this will must be established! It must be!"

Not only must it be established, but it must be established clearly!

She had been too busy eating, drinking, and having fun lately.

She had forgotten that if she were to have an accident and kick the bucket one day, according to the order of inheritance, Guan Xuemei and Ling Guofu would receive her massive fortune.

By then, Ling Hui, who couldn't find a girlfriend, would suddenly become filthy rich. He would take her money and start playing around, swapping various beauties, buying cars and houses, and from then on live the life of a superior person.

Guan Xuemei would be a rich lady at home, served by seven or eight nannies, with nannies even peeling grapes for her.

Ling Guofu would turn his life around, starting the debauched life of a middle-aged man, with cigarettes and alcohol never ending.

When the family of three was happy, they would have to say: "That Ling Yue, she died so well! So much property now belongs to our family of three, ahahahaha!!!"

The three people's sinister laughter seemed to echo in her ears.

The moment Ling Yue thought of that scene, she was so angry she could spontaneously combust even if she were reduced to ashes!

She absolutely would not allow such a thing to happen.

Even if it was a one in a hundred thousand chance, it must be prevented!

"Don't wait, do it now!"

It was rare for Cheng Jiao to see Ling Yue in such a rush.

Li Xinfeng licked his dry lips and exhaled softly, "Miss, we need to first contact a specialized wealth management lawyer, as well as a notary with a good reputation."

"Do you know anyone?"

Since Li Xinfeng was in charge of assets, it was impossible he hadn't executed similar will-drafting work before.

Sure enough, Li Xinfeng nodded and said, "Yes, do you need me to contact them for you?"

"Are they reliable?" Ling Yue asked one more question.

Li Xinfeng smiled and said, "The law firm is a well-known Red Circle law firm. Many wealthy people in the country cooperate with them, and their reputation and credibility are guaranteed. You don't need to worry about the notary side either."

Ling Yue nodded: "Arrange it as soon as possible."

...

Li Xinfeng's efficiency was quite fast.

In three days, he had contacted all the parties.

To be safe, Ling Yue arranged a combination of a written will and a video will to maximize the validity of the will.

But now the most important thing was not just the validity.

There was another problem that made Ling Yue very annoyed.

"So, even if I set up a double-insurance will stating that after I die, all my inheritance will be donated and not a penny left to my parents, if I happen to die when my parents have lost their ability to work or have no source of income, the court will still take 20%-30% of my inheritance from the donated money and give it to my parents?"

The lawyer was hired by Ling Yue and flew over from Shanghai specifically.

He listened to Ling Yue's description and told her regretfully, "That's correct. But the proportion of the compulsory portion is an elastic concept; the specific amount depends on calculations based on your estate. If your estate value is huge, the proportion of the compulsory portion will change. Its core principle is to ensure basic survival, not to let parents inherit huge wealth. In any case, it is almost impossible to completely deprive your parents of their inheritance rights, unless you donate all your assets while alive and leave yourself penniless in advance. As for other gray methods, I can only say the risk is extremely high, and I do not recommend that you take the risk with such a huge net worth."

Ling Yue was speechless to the point of laughing in anger.

The lawyer was silent for a moment, then said, "There is another possibility."

"What?" Ling Yue asked impatiently.

The lawyer said, "If you reside abroad for a long time or change your nationality, then the inheritance will follow the laws of other countries. Some countries..."

Before the lawyer finished speaking, Ling Yue raised her hand to interrupt, "Impossible! I will never change my nationality!"

The lawyer pursed his lips.

Then there was no other way.

Ling Yue comforted herself: It's okay.

Maybe she would live a long time and outlive her parents.

Anyway, there is no compulsory portion between siblings.

But, what if?

Take 30 billion in assets as an example; the compulsory portion might only be 50 million.

50 million was a drop in the bucket for her, but it was enough for the Ling family to live a wealthy life.

And her assets would definitely grow day by day; what she might have to give in the future might be more than 50 million.

The Ling family treated her so badly, why should they use her inheritance to have fun?!

The lawyer was very sharp.

Having handled so many will cases, the employer's reaction to parental inheritance was so strong; obviously, the parent-child relationship was very disharmonious.

He suggested with experience, "There are also legal and compliant ways to overcome this. You set up a trust fund, deposit a smaller proportion of money, and list your parents as beneficiaries. Later, if an accident happens, with the strong effect of the will plus the additional trust fund, the court is highly unlikely to forcibly keep a portion of your inheritance for your parents."

Ling Yue saw hope and asked, "How much is a smaller proportion?"

The lawyer said, "It depends on the city where your parents live."

Ling Yue: "An eighteenth-tier county."

The lawyer thought for a moment: "1-2 million can cover basic living expenses and medical expenses."

Calculated this way, it was indeed much less than the court's 'compulsory portion.'

Of course, Ling Yue was unwilling to give this money either.

But isn't this about precaution?

"Do as you said," Ling Yue looked at the lawyer.

The lawyer thought silently, how bad must the parent-child relationship be for a child to do this.

Common wealthy people are strict about the division of inheritance among their children, consider their parents a lot, and even make thorough arrangements.

The way the young lady in front of him divided her estate was quite rare.

Can only say that every family has a hard nut to crack.

The lawyer began to prepare.

Ling Yue divided her inheritance into four parts. Cash was donated to national aviation units, the National Education Development Foundation, and the China Disabled Persons' Welfare Foundation under her real name.

Stocks, real estate, jewelry, etc., were entrusted to the lawyer to be sold after her death, and all proceeds were donated to research institutions of the Academy of Sciences under her real name.

She just wanted to leave nothing.

The lawyer would inevitably know Ling Yue's asset situation. With such a huge capital flow, the lawyer strongly suggested that she increase the trust fund for her parents, otherwise, the court might think she was intentionally withholding.

No choice.

Raised the trust fund to 3 million.

3 million is 3 million, set to be paid monthly.

If she lives a long time and outlives her parents, this trust fund can also be cancelled.

After the will was established, it was notarized.

Ling Yue also went to get a mental state assessment certificate.

Several copies of the documents were archived and sealed by the notary office and the lawyer respectively.

Logically, important documents like a will should be updated every three to five years.

Ling Yue started to worry, she made money too fast, wouldn't she have to update it every three to five days?

That's ridiculous, she didn't have that much free time.

Sigh, this is the trouble of being too rich.