Reborn Wealth America

After a few minutes.

"Chairman, are you looking for me?"

When Frank Austin, wearing gold wire glasses, had a video conference with Abel alone, he said softly.

Frank Austin, Abel’s Chief Legal Officer, responsible for the finance team and the accounting team.

This is among the top 50 barristers in the entire federal territory.During the Lehman Brothers storm in 2009, he received much attention because of his fierce attacks on financial regulators.And when Abel first met Phila, it was also his aunt who was taken by Abel to threaten Phila, and he was trusted by Abel. He is currently in charge of Abel's legal affairs.

Facing Frank, Abel started right to the point: "During this period, I briefly learned about the asset management method of family trusts prevailing in Europe and America. Before making up my mind, it is necessary to discuss this issue with professionals!"

Family trust?

Frank raised his eyebrows and said: "The charitable fund that is applying for establishment is essentially the financial management idea of ​​a family trust holding company. Is the chairman ready to start anew?"

Use the trust holding charity fund held by a private family as a way of tax avoidance.This is one of the favorite ways of the real rich people in the world, from Buffett to Bill Gates.They all like to use this method, so that they can successfully avoid taxation and gain a reputation for charity.

A fool is reluctant to do it.

Abel said at the Blue Star Future Blue Star 1 press conference that the charitable foundation to be established publicly has always been operated by Frank.Because over the years, more and more billionaires have chosen this path.As a result, the federal government's review of this aspect has become more and more stringent. Now it is no longer possible for anyone to establish this kind of private family-controlled trust type charitable fund.

If everyone avoids taxes like this.

Where is the federal government's Internal Revenue Service going to collect taxes!Is it to put all the tax pressure on the middle class who can't resist?Although this is great for the government and the rich, if the pressure is high, the entire middle class will be crushed.

Who will collect taxes at that time?

Do you want to collect taxes from those suffering leeks and poor people?How much money can they have?The best way is that those at the top can avoid taxes in this way.But for those big rich people who are not very top-level, reasonable tax avoidance is fine, but if you want to pay such a low tax...

Still not working.After all, the pressure of taxation cannot all be put on the middle class, and ordinary rich people also have to bear part of the pressure.

Now Frank Austin, Abel’s chief legal officer and accounting officer, thinks that Abel is not satisfied with the progress of the charity fund.He just wanted to explain, explaining that not everyone can set up a charity fund like Bill Gates or Buffett.

"No!" Abel shook his head. "The charity fund will still control most of my assets in trust in the future! However, given that some aspects of my affairs are more complicated than others, I hope to take advantage of the international This is a good opportunity for the weak economic situation, and we will use a portion of the funds to set up another wealth insurance for each of my next generations!"

Frank Austin gave the boss a surprised look and asked, "What does the boss mean?"

"Private family trust is a very good way of asset management!" Abel stood up, standing in front of the window with his hand held hands. The bright and handsome silhouette formed a faint shadow under the light. "But this way, it is inevitable. In the future, there will be a big pot of food for the land club. I must ensure that my children have another income in addition to the charity fund, which belongs to their own trust plan! When they reach adulthood, they can use the trust assets Completely deliver to themselves!"

The main advantage of a family trust holding company is that it can effectively concentrate the equity and help the descendants of the family maintain the special assets of the family and the company. The settlor can lock up the equity of the company through the family trust to avoid disdain of the children and grandchildren betraying the assets of their fathers and grandparents to spend their lives!

But family trusts are not all that good. The reason why Abel has such worries is that he suddenly found out that he had 4 unborn children and needed to plan ahead.

It is also because the grievances of many giants in Europe, America or Asia that have occurred in the past reminded him.

Recently, the farce of Viacom's Redstone family is just one.Lei Shidong was too greedy and unfair.He is now in his 90s, but he feels a little lonely.The descendants within the family are fighting endlessly for property.

Far away, Abel once saw it in the newspapers, the [Sun Hung Kai Properties] in Xiangjiang on the Huaxia side, the Guo family struggling for inheritance, also gave him a warning.

According to the report he had read, the Guo family held 42% of the company’s shares in the form of a trust fund, and Ms. Guo Kuang and her three sons were the beneficiaries of the fund.

The founder of the company, Guo Desheng, set up a trust fund at the beginning, hoping that his three sons would advance and retreat together, so he set the clause "shares cannot be sold"!However, contrary to expectations, Guo Desheng's three sons were in the same bed with different dreams and fought for his inheritance. Under the framework of the trust fund he set up, the three brothers could not resolve their disputes by separating their families.

Under this stalemate, the three brothers went to court for the control of the company. There was a lot of trouble, and the company's stock price fell sharply. The incident was suspended until their mother came forward to stop the dispute, but the matter was never resolved!

This is a side effect of the family trust!Even the use of the sign and guise of the charity foundation cannot be avoided.There is another major side effect. In addition to the difficulty of resolving family disputes, family trusts may also cause family members to exhaust their businesses.

Generally speaking, when economic resources are shared by family members, members tend to scramble to take it as their own in order to strive for the greatest personal benefit. The worst case that results from this is that resources are overused and depleted prematurely.

This is like the fish in the lake is a common resource by the people on the lake, but the residents tend to catch them as early as possible, worrying that the fish will be less if they are slow.With this mindset, due to over-hunting, future residents’ descendants will have no fish to catch.

Although the tax avoidance of charitable foundations is very high, they are actually similar family trusts.What happened to family trusts, similar situations may also happen to the assets of private charitable foundations.

The two are no different.

In this case, the trust’s assets, including the family business, are jointly owned by current and future generations of family members, but current family members may tend to use various methods to get the resources as early as possible, but ignore the long-term development of the enterprise.

When the number of family members increases, this kind of exhaustion becomes more and more serious, and Abel can't help but worry!

How to avoid possible family disputes affecting the company's operations, and to reduce the adverse impact of the design of the bundled holding mechanism on the family business, the conflict of interests between the Guo family and the Redstone family is undoubtedly worthy of reflection for Abel.

Although there are plug-ins, I am never afraid of no money.But this plug-in, it is estimated that it will not live forever.In this case, of course, the future generations must be considered.

Especially my own character, my own hobby.If you don't think about this aspect, the children will grow up in the future, and they will become the laughing stock of the whole world like the Redstone family and the Guo family.