A New Beginning in Regaining Control of Wealth and Family Legacy

Ms. Yang, a retired civil servant, turned to entrepreneurship in her later years to support her son and his family. Early on, she transferred her apartment, valued at over thirty million, along with all her cash assets, to her son and grandson. However, when her son began neglecting her needs, she felt a loss of control over her wealth and life. This experience made her realize the importance of secure and long-term planning for family wealth. After careful consideration and consultation, she decided to use a family trust as a powerful legal tool to rebuild her wealth management system.

Ms. Yang worked closely with a professional trust institution to meticulously create a detailed plan for establishing the family trust. She transferred her property, cash, and other assets into the trust, clearly defining its objectives, beneficiaries, distribution conditions, and the responsibilities of the trustee. Through this process, Ms. Yang not only regained control over her family wealth but also ensured that these assets would be managed and invested prudently under her guidance, providing solid support for her family's future.

Under the operation of the family trust, Ms. Yang's life saw significant positive changes. She no longer worried about the direction of her room in the retirement community or her children's indifference, knowing that her wealth and life were securely and properly arranged. Moreover, she could now confidently look forward to the future, contemplating how the family trust would facilitate orderly wealth transfer and long-term family development.

Importantly, the family trust also became a new platform for communication with her children, guiding them to develop correct attitudes towards wealth and independence, thus enhancing family cohesion and fostering a sense of responsibility and initiative in the next generation.

How did Ms. Yang use the family trust to coordinate family relationships and secure her later life?
1. She successfully transitioned her wealth from personal ownership to family ownership and achieved wealth preservation and growth through professional trust management.
2. She retained control over the family wealth, ensuring her quality of life and dignity. More importantly, she used the family trust to educate and guide her children, laying a solid foundation for the family's long-term development.