Professional Team | Zhongcheng Qingtai Family Wealth Inheritance Business Center

Zhongcheng Qingtai Family Wealth Inheritance Business Center is one of the group business centers created by the Institute to meet the needs of the times and implement the concept of "resource integration, industrial integration, market increment and service value. The Family Wealth Inheritance Business Center, in conjunction with the Zhongshi Family Wealth Inheritance and Management Research Institute, and external experts, consultants, strategic cooperation agencies, etc., adopts a cross-border professional alliance, comprehensively uses legal, fiscal and taxation, finance, notarization, trust and other tools to create The "1 1 N" service model is committed to breaking the pain and difficult problems that plague the inheritance of family wealth and providing customers with a package of solutions. The main business segments are:

● Family-enterprise inheritance planning, including family business risk assessment, adjustment of the suitability of the shareholding structure for family-enterprise handover, and strengthening of family-enterprise inheritance and governance capabilities;

Asset allocation planning, including family wealth agreement planning, estate planning, insurance allocation planning, private equity allocation planning, trust allocation planning, family charity active planning, etc;

Comprehensive planning plan, including the overall plan of family asset allocation, family wealth inheritance intention plan, family inheritance tax planning plan; notarization planning; family office services.

Case overview:

Mr. Z is a well-known entrepreneur in a city, the actual controller of a well-known enterprise, facing the demand of intergenerational inheritance of the enterprise. Mr. Z has two children, one of whom is involved in the operation of the company. At present, the company is operated and managed by professional managers. In order to do a good job of corporate inheritance planning, Mr. Z commissioned to provide family wealth inheritance and corporate governance comprehensive planning program.

Service content:

1. The articles of association are combed.Systematically sort out the changes and registration of the articles of association of Mr. Z's holding company, and form a new version of the articles of association to adapt to the changes faced by the company and the needs of equity inheritance.

2. Company equity inheritance program design.This paper analyzes the demand of Mr. Z's equity inheritance, analyzes and demonstrates the tax burden and related risks of different equity inheritance methods, and determines the best equity inheritance scheme in line with Mr. Z.

3. Equity incentive scheme design.In view of the current situation that the company is managed by professional managers, the company's senior management equity incentive plan is formulated to ensure the smooth operation of the company.

4. Improve the design of the corporate governance structure.Analyze the corporate governance structure and current situation, and issue suggestions and plans for optimizing the corporate governance structure.

Service effect:

1. For the principal to clarify the way and path of equity inheritance, the distribution of rights and interests between children to make agreement arrangements.

2. Assist the client to formulate equity incentive plan, implement equity incentive for the company's senior executives, and ensure the smooth operation of the company during the shift change process.

3. Standardize the corporate governance structure and pave the way for the subsequent smooth takeover of the company by Mr. Z's children.

Case overview:

As a successful cross-border e-commerce entrepreneur, G always operates all over Europe. Faced with the complex needs of traveling to Europe without a visa, accumulating retained profits in Europe for fixed investment, and arranging the status of children studying abroad and overseas Chinese students, the business team carefully planned, not only helping the G family to successfully purchase Greek real estate, realizing the effective allocation of assets and rental income, but also helping the whole family to obtain permanent residency in Greece and solving the problem of travel convenience. What is more worth mentioning is that in the process of service, we found that G always has the need for enterprise upgrading, and continue to provide it with a full range of enterprise running services from equity design to listing guidance, which has injected new impetus into the family inheritance and enterprise development of G.

Service content:

Global identity planning:Provide a European multi-country free passage solution for G Total families and obtain permanent residence in Greece.

2. Asset allocation:Guide and facilitate the purchase of property in Greece for asset preservation and rental income.

3. Children's education planning:Plan the future path of children's study abroad and the arrangement of the status of overseas Chinese students to help the advantages of education.

4. Enterprise escort service:According to customer needs, we provide additional one-stop services such as corporate upgrades, equity design, tax planning, financing and listing counseling.

Service effect:

● Freedom of identity: G total family successfully obtained the right of permanent residence in Greece, realizing the free passage of many European countries, which greatly facilitated the international expansion of cross-border e-commerce business.

Asset appreciation: The purchase of a Greek property not only provides the family with a stable rental income (4.5 per cent annualised), but also enjoys the long-term benefits of property appreciation.

● Education is worry-free: it lays a clear path for children to study abroad and overseas Chinese students, and the future education choices are more diversified and have competitive advantages.

● Enterprise acceleration: Through the enterprise escort service, G's enterprises have received professional guidance in equity, taxation, financing and other aspects, laying a solid foundation for future expansion and listing.

This case shows how comprehensive and personalized global identity planning and asset allocation services can accurately meet customer needs and achieve a win-win situation for families and businesses.

Case overview:

The industry in which Company A is located has specific requirements on scale and qualification. In order to meet the needs of business expansion in the course of development, it has carried out capital increase operations many times. However, these operations have defects in compliance, causing the company and shareholders to face legal risks, especially the problem of equity inheritance faced by the client. The unclear ownership of equity leads to huge risks in inheritance. Therefore, properly solving the ownership problem of A company is the key to realize the smooth inheritance. In addition, the principal wants to transfer part of the equity as the subject of equity incentive to the professional manager of Company A.

In response to the client's needs, we propose solutions and tax planning solutions for Company A's capital increase defects and equity incentives.

Service content:

1. Tax planning for different defective capital increase remediation schemes;

2. Tax planning for different equity incentive schemes;

3. Tax planning for different equity inheritance paths.

Service process:

1. Demand analysis:First of all, a detailed investigation is carried out to clarify the defects in the equity structure, the basic situation of equity incentive, etc., including the defects of the capital increase operation, the specific reasons for the unclear ownership of the equity, the basic situation of the incentive personnel, the source of the incentive equity, the purpose of the equity incentive, etc.

2. Scheme design:Based on the survey results, analyze the general tax policies and the preferential policies involved under different schemes, compare the direct tax costs and tax risk costs under different schemes, and consult the tax authorities to understand the risks that may be faced in the process of practical implementation, and finally select the lowest cost operation scheme through comprehensive comparison.

3. Implementation:In response to the issue of equity incentives, the principal operates in accordance with a lower tax cost scheme, which is divided into two steps and proceeds smoothly in accordance with the planned scheme.

Service effect:

1. We have selected the lowest cost feasible solution through the tax cost analysis and comparison of different schemes, but we have not promoted the implementation as soon as possible. With the upgrading of the tax system and the revision of the Company Law, the implementation cost of the original minimum cost feasibility scheme will be greatly increased.

2. Through our tax analysis and planning, the client chose a lower-cost equity incentive scheme to save a huge amount of tax costs.

Case overview:

1. Mr. F and Ms. C are well-known husband and wife entrepreneurs in Island City. After half a life's hard work, they have accumulated huge wealth, assets including real estate, equity, bank deposits, etc. Both Mr. F and Ms. C hope to pass on to their children, little M and little J in the future. Ms. C's old mother is still alive and there are many brothers and sisters in the family. Ms. C is seriously ill and is at risk of outflow of family assets if her property is inherited in accordance with the law. This will not only affect the harmony of the family, but also bring unnecessary troubles to the children. To this end, Mr. F and Ms. C jointly commissioned the Zhongshi Family Research Institute and Zhongcheng Qingtai Law Firm to provide will planning services.

2. The heir, Ms. Z, registered her marriage with Mr. N in 1975 and gave birth to her only child, Little K. Mr. N died in 1989 and Xiao K died of illness in 2004. In 1993, Ms. Z and Mr. Y registered to remarry. After marriage, they did not have any children. Mr. Y's only son, Xiao G, was an adult when they got married and did not form a dependency relationship. In 2002, Ms. Z and Mr. Y divorced through mediation by the people's court and remarried in 2004. In 2016, Ms. Z and Mr. Y signed the Agreement, agreeing on the ownership of marital property, and at the same time agreeing that both parties have the right to dispose of their respective property after a hundred years and do not inherit each other. In 2023, Ms. Z died of illness, and her designated heirs and legatees jointly entrusted the Zhongshi Family Research Institute and Zhongcheng Qingtai Law Firm to provide comprehensive services for the execution of the will.

Ms. L is a well-known female entrepreneur in Qingdao. She has been running a business for many years and has created a lot of wealth. Ms. L's illegitimate child, Xiao A, is worried that Xiao A will not be able to hold on to his huge wealth after taking over. So I found Zhongshi Family Research Institute and Zhongcheng Qingtai Law Firm to provide special services for estate planning and family trust.

Service content:

1. Inheritance legal advice:Provide legal advice and answer difficult questions on matters related to estate planning, testamentary execution and testamentary trust services.

2. Property (estate) due diligence:Assist the client to carry out the necessary due diligence on the relevant property (estate) and form the property list.

3. Draft relevant legal documents:In accordance with the provisions of the law and the needs of the principal, draft property agreements, wills, estate disposal plans and other legal documents, and guide the principal to sign.

4. Organize meetings of the parties concerned:According to the progress of the work, the parties concerned shall be organized to hold meetings in due course, and relevant meeting documents shall be drafted and signed under the guidance of the parties concerned.

5. Assist in the execution of legal documents:Pay attention to the progress of the implementation of signed legal documents, analyze and coordinate and solve the obstacles in time, ensure the smooth implementation of the documents and safeguard the rights and interests of the clients.

Service effect:

1. Family Wealth Succession:Through professional estate planning and testamentary execution services, it is ensured that the family wealth can be passed on smoothly according to the wishes of the decedent, laying the foundation for the sustainable development of the family.

Maintenance of family harmony:With professional services and patient communication and coordination, successfully resolve family conflicts. Give full consideration to the interests and demands of all parties and balance the relationship so that the family will remain harmonious and stable after major changes.

3. Cost reduction and efficiency enhancement:Professional planning and negotiation enable estate distribution issues to be resolved through non-litigation methods, saving the client a lot of economic costs and time costs.