Zhang's Family Trust is an offshore trust jointly made by the asset custody department of Tindersource and UBS, which in turn cooperates with China Merchants Bank through HSBC to limit its business scope to the mainland and provide family property trust services for Zhang Chen's family in the mainland.

This trust fund is completely designed and operated by Tinder and UBS, HSBC is a transit channel, and China Merchants Bank undertakes only one business - to pay money on time.

This is also because domestic family trusts have not yet started, and there is a lack of corresponding laws, regulations and operating environment. Needless to say, now, even 20 years from now, family trusts will not be able to move an inch in China.

It is also a last resort to set up a family trust as an offshore trust.

Zhang Chen's explanation to the family members is only a rough idea, in fact, the contract terms of each beneficiary are extremely complex, taking into account all aspects of the situation.

"Of course, everyone's aptitude is different, and it's true that everything can't be measured by academic performance. After all, most people are elders, Zhang Chen softened his tone a little and dragged back, "There are many people who have no higher education and have made extraordinary achievements. In this regard, family trusts also have some considerations. ”

"Every family member who is interested in starting his own business can apply for a start-up fund of 100,000 to 500,000 yuan from the family trust when he becomes an adult. ”

As soon as this sentence was uttered, the entire banquet hall was completely chaotic.

Su Wenhua couldn't hold back at first: "Can everyone receive it?"

Immediately after, Zhang Chen's second uncle Zhang Guofu also asked loudly: "Is there no condition?"

"Do you need to pay this money back?"

"Can I lend this money to someone else?"

。。。。。。

Zhang Chen pressed his right hand weakly, "Elders, listen to what I say, I just give a general introduction, and there will be professionals to answer everyone's questions later." ”

Only then did everyone realize that at some point, several men and women in bright suits and leather shoes stood respectfully at the back of the banquet hall, each carrying a heavy briefcase.

Zhang Guoqiang kept smiling on his face, he was really in a good mood.

He is the eldest son, and although everyone respected this eldest brother before, it was only a constraint of traditional ethics and morality. But in recent years, with the improvement of his social status and wealth, he has helped his relatives and friends more and more, and he can see from the eyes of these people that everyone has really begun to respect himself more and more.

Is it realistic?

Maybe it's realistic.

But it's so cool.

"Zhang Chen, don't sell it, it's all your own people, you can talk to everyone briefly first, so that everyone can have a bottom in their hearts. Zhang Guoqiang waved his hand and pretended to be dissatisfied.

Zhang Chen naturally understands his father's thoughts, in fact, half of the reason why he engaged in this family trust is to satisfy his father's vanity.

"That's good. Zhang Chen was kind and gave his father enough face, "At first, my idea was just to inspire the descendants of my family to work hard, so that there would not be a bunch of gentlemen in more than ten or decades later." But when my dad saw the plan, he said it wasn't appropriate. Everyone's strengths are different, and children who do not study well may not be unproductive. Moreover, we have made this family trust fund to provide more opportunities and more choices for the family. If only scholarships are set up, there will be only one way for future generations to go, and everyone will lose the right to choose. As soon as I heard it, sure enough, Jiang is still old and spicy, and it still depends on old comrades at a critical time. Thus, there was this start-up funding program. ”

Zhang Guoqiang was relieved and full of gratification, and kept coughing to hide his pride.

Zhang Chen slapped his father's ass fiercely, and then continued: "First of all, I need to tell everyone that this money does not need to be repaid, no matter whether the entrepreneurial project succeeds or fails, there is no need to repay this money." ”

Everyone was happy for less than two seconds, and Zhang Chen poured a basin of cold water on them: "However, this money is not spent casually, in other words, this money can only be used for entrepreneurial projects, before receiving this fund, family members should submit a project plan to the family trust fund company, and only after passing the review can they get the corresponding money." In addition, the entire entrepreneurial process will be reviewed and monitored by the family trust fund to ensure that every penny is spent on entrepreneurial projects. ”

As soon as Zhang Chen's words came out, many people showed some disappointment on their faces.

There are also people whose eyes are rolling, Zhang Chen knows with his ass that someone must want to take advantage of the loophole, anyway, as long as the money is in hand, are you afraid that you won't be able to find a loophole?

"It is better to teach a man to fish than to teach him to fish. Zhang Chen's expression was calm, "The establishment of the family trust is to improve the overall competitiveness of the family. All of these links are designed for this purpose. No matter who he is, no matter what his starting point is, as long as he can work harder than others, he can obtain greater benefits in the family trust. But if someone wants to take advantage of the loophole。。。。。。 ”

Zhang Chen paused, his expression unprecedentedly serious: "No matter who it is, no matter what the relationship is, any family member who violates the prohibitions stipulated in the family trust will lose his or her beneficiary status, this is not a joke." ”

"And it's useless to ask anyone, including me and my parents. We are only the contributors to this trust, but the specific management and operation are carried out by professional institutions, and no one in the family has the right to manage this trust. Therefore, if anyone does violate the prohibition, unfortunately, even I cannot convince the trust management company to re-list him as a beneficiary of the trust. ”

"The specific prohibitions are on the thirteenth to the tenth to the last pages of the document. It is a matter of everyone's core interests, and everyone must study it carefully. ”

Everyone hurriedly flipped the document in their hands to the position Zhang Chen said, and sure enough, it explained in great detail the circumstances under which they would lose the qualification of the trust beneficiary.

The first is drug use, and anyone who takes drugs will be immediately expelled as a beneficiary once discovered. Among Zhang Chen's relatives, none of them were drug addicts, and they took a rough look at this one.

Next, there is the integrity clause, all beneficiaries of family trust funds must adhere to the principle of good faith, otherwise, the first warning, the second deduction of the current year's dividends and the suspension of the beneficiary qualification for one year, if there is a third time, once found, immediately terminate the beneficiary qualification.

In addition, there are many punitive clauses, and even working hours have corresponding requirements, if any of the clauses are not met, it will have an impact on their own income, and in serious cases, they will completely lose their beneficiary qualifications.

Almost everyone gasped.

I'll go, it's a tight spell.

(End of chapter)