Chapter 355: Maple Leaf Foundation and Family Trust

"Dandan, come here, come to Mom's ......"

Ye Weiyu squatted there, looked at her son who was sitting not far away and played with a look of love, and called softly.

"Can he really go?" Lin Feng also squatted beside her, looking at his son with a smile on his face.

Chaoyang Park in Beijing, Dongshan Villa, Lin Feng's new home.

In addition to his own bedroom, maid's room and nutrition room, this room of about 200 square meters is specially arranged as a "baby paradise" for him to play, the ground is all covered with soft and comfortable baby crawling mats, and the room is full of various toys he likes.

Lin Dandan's greatest pleasure every day is to crawl around here......

"Well, I still need to help him walk a few days ago, but when I didn't pay attention to it yesterday, I turned my head and found that he was swaying by himself, and he was walking very well!" Ye Weiyu said happily.

Although the dietitian said that he was just one year old and there was no need to rush to let Lin Dandan learn to walk, it was undoubtedly a great joy for Ye Weiyu, who was a first-time mother, to see her son walk from crawling to walking by himself.

Lin Dandan grew up very quickly, and now he is twenty-three pounds, 72 centimeters tall, tiger-headed and lovely.

Lin Feng looked at his son, who was turning around when he heard his mother's call, got up excitedly, and walked towards the two of them slowly, and suddenly felt an inexplicable feeling in his heart.

This is his bloodline, and it is also the most valuable wealth he has gained in this world......

When Lin Dandan approached, he felt like he was about to fall down, Lin Feng hurriedly took a step forward, reached out and hugged his son first, and kissed him on the face, "Good son, it's awesome to go!"

Although Lin Dandan was still young, he still had a little impression of his father, but he was not scared to cry, but giggled.

"Good son, call Daddy!"

"Baba ......" The little hand reached over, slapped Lin Feng's face, and giggled again.

Ye Weiyu was startled and said with a smile: "Oh, this little villain actually beat his father." ”

Lin Feng was speechless, is this shooting me as a toy?

However, the little hand didn't hurt at all, and Lin Fengle said: "Yes, my son is very strong......

Ye Weiyu glanced at him with a smile, and her charm was infinite.

…………

The Lin family, like many families in China, has a tradition of "catching weeks" when the child is one year old.

Catch the week is a traditional Chinese custom, when the newborn is one year old, put all kinds of items in front of the child, let it grasp, the traditional commonly used items are pen, ink, paper, inkstone, abacus, coins, books, etc., according to the baby to catch the items to predict the future.

This custom has existed since the Wei, Jin, Southern and Northern Dynasties, "Jiangnan customs, the first period of children's life is to make new clothes, bath decoration, men use bows, arrows, paper and pencils, women use knives, rulers, needles, and wisps, and add food and drink and treasure clothes to play, put in front of the children, watch their intentions to take, to test corruption, wisdom and foolishness, the name is a trial." ”

Like when Lin Feng was a child, he grabbed a brush and a book, and Lin Feng's grandfather was very happy at that time, saying that the family would be talented in the future.

It's a pity that in Lin Feng's previous life, in addition to liking to read books, he wrote two books on the Internet in his spare time, and he never officially engaged in literary work, which shows that this thing is still not accurate......

However, no one really regards this as a prediction of a hundred tests, more of a way to celebrate the child's first birthday anniversary, which is the same as the annunciation of childbirth, the washing of children in three dynasties, the full moon ceremony, the 100-day ceremony, etc., is a traditional birth etiquette, expressing people's wishes for the continuity of life, smooth and prosperous.

The Lin family is naturally no exception.

Before the "first birthday banquet" at noon, Lin Weidong, Zhao Wanru, Ye Lancheng, Liu Fang, Lin Feng, and Ye Weiyu's family all came to Lin Dandan's "Little Paradise" and gathered around, waiting to see what Lin Dandan would pick up.

At this time, the crawling mat in the room was already full of various items with different meanings:

1. Dictionary or dictionary: represents a writer or scientist, a person with knowledge.

2. Books and pens: with the meaning of formulation, on behalf of calligraphers, literati, and clerical work.

3. Ruler: It has the meaning of scale, representing lawyers, judges, and revolutionaries.

4. Calculator and abacus: on behalf of merchants or businessmen.

5. RMB (money): represents the meaning of wealth, and is good at saving rich or rich people.

6. Credit card: banker or financial industry

7. Seal: represents the official position or official power.

8. Paintings, watercolor boxes, colored pens: representative painters and artists.

9. Woolen balls and fabrics: on behalf of fashion designers.

10. Table tennis rackets, badminton rackets, football: representing sports-related professions.

11. Flute, violin, electronic organ, CD: representative musicians.

12. Chopsticks and shovels: on behalf of chefs and hoteliers.

13. Small shoes: on behalf of travelers and explorers.

14. Moisturizer and lipstick: It represents love beauty and cares about your appearance.

15. Mobile phones, floppy disks, and mice: represent those engaged in the IT industry, high-tech, and communication industries.

16. Globe: Represents a geographer.

17. Cotton swabs and gauze: on behalf of doctors and nurses.

18. Screwdriver: engineer, industrial

19. Toy cars: there are car owners and drivers

20. Building blocks: construction industry, designers, etc

21. Prayer beads: represent the ...... of concentration in practice

Next to him, Qin Sheng, Liu Kailai, Sun Lin and other relatives and friends also came to attend the first birthday banquet, and followed in the fun, Qin Sheng took a photo with a camera.

"Wait a minute" Ye Weiyu suddenly remembered something, got up and left the room, and came back after a while, holding a white rose in her hand.

In addition to Lin Dandan's birthday, today is also Valentine's Day.

Lin Feng gave his wife 999 roses and put them in the living room, obviously Ye Weiyu went over and took one.

She also put the roses in a pile of grab items, and smiled, "Don't forget this!"

Lin Feng really wanted to cover his face......

This girl is really unswerving about the idea of teaching her son to be a "playboy"!

"Dandan, come here, take whatever you like!" The bad mother induced her son.

Lin Dandan is a little crazy, seeing so many adults playing with him, he giggled happily, walked over slowly, and sat in the middle of the gift with a "plop" butt...... It's a lot of fun.

Lin Feng was a little stunned, and looked back at his father: "Dad, he takes everything, how should he calculate it?"

Lin Weidong said with a smile: "Don't worry, he will take a favorite in the end and not let go, let him pick first." ”

Lin Feng really didn't understand this aspect of children, anyway, as long as the older generation understood, he put his mind at ease, and suddenly turned his mind to another place, leaned into Ye Weiyu's ear, and asked quietly: "Wife, what did you catch Zhou when you were a child?"

Ye Weiyu's face turned red, gave him a blank look, and did not speak.

Lin Feng looked at it, "Huh", it's a little interesting!

turned around and asked his mother-in-law, "Mom, what did Ye Zi catch Zhou when he was a child?"

Ye Wei said hurriedly: "Mom, don't say it!"

Liu Fangle said: "What can't you say about this, Weiwei, I was holding an old record at the time, I remember it was an orchid flower, ?......right? At that time, our family had a Zhonghua 206 record player from Shanghai, which was precious, 106 yuan, which was our half-year's salary, and it was generally impossible to buy it at all...... , alas, I thought Vivi would be a singer when she grew up!"

Lin Feng was dumbfounded!

No wonder Ye Weiyu blushed and didn't want to say it, she was the most famous 4.9 in the family - incomplete pentatonic ......

Nima, this catch is really not accurate!

While everyone was talking and laughing, Lin Dandan seemed to have made a choice, he held one in one hand, smiled happily at everyone, and kept waving his hands.

When everyone saw it, they couldn't help but laugh.

Lin Dandan really knows how to choose, he holds a "world card" of Lin Feng's Coutts Co. in his left hand, and the white rose that his mother just brought in in in his right hand, money in one hand and beauty in the other......

TNND, you kid is better than dad!

Lin Weidong, Ye Lancheng and other parents of both sides were happy: "Good grandson, it seems that you are going to inherit the family business." ”

Ye Lancheng was a little regretful: "It would be nice if I could hold a pen or calligraphy and painting...... He also thought about letting his grandson learn calligraphy and painting with him.

Ye Weiyu was excited: "Oh, my son is a natural playboy!"

…………

Catching the week is said to be a ritual, rather than entertainment and blessings for everyone.

At the subsequent first birthday banquet, Lin Fengcai gave Ye Weiyu and his son a gift in front of everyone.

Maple Leaf Foundation and the "Lin Family Trust".

Lin Feng has already arranged a private legal team to set up the "Maple Leaf Foundation" in Singapore.

This is a private charitable trust, and Lin Feng has learned from the Li Ka Shing Foundation and invested a small part of his assets in the foundation for philanthropy. He donated about 2% of his stake in Fengxing Group, worth about US$1.6 billion (HK$12.4 billion), and the funds from this foundation will be used for China's environmental protection, education, health care, culture, and public welfare infrastructure and public welfare talent training.

Lin Feng is the chairman of the Maple Leaf Foundation, and Ye Weiyu is the executive director and chairman of the Maple Leaf Foundation.

Private foundations, usually created based on a donation or bequest from a person or a member of a family, such as the Carnegie Foundation, the Ford Foundation, the Rockefeller Foundation, etc., are often named after their founders or the surname of the family.

Private foundations are also the most important form of charitable foundation of all foundations, and they have the longest history.

In the United States, private foundations are often the largest and most famous large foundations in the United States, such as the three major foundations mentioned above, the Bill & Melinda Gates Foundation, which is also a private foundation, with assets of up to $24 billion.

Private foundations are generally founded by a single founder to provide legal protection of property, guarantee your results, and preserve their estate and results during the lifetime of their founders. In the same way, it is permissible for the long-term formulation and development of its property, even after the death of its founder, all plans and purposes for his estate.

If requested by the founder, the actions of the foundation are confidential and anonymous, the foundation can sign a contract with a foundation of a private nature, not related to a social or charitable foundation.

The main reason why Lin Feng placed the foundation in Singapore instead of the mainland is that the mainland's legal system for public welfare and charity is not yet perfect, and high taxes are levied on both sides of the equity donation. Overseas charities do not need to pay income tax on the shares when they sell their shares, and overseas charities can also invest their donations in China.

"Yezi, I've thought about it, the Maple Leaf Investment side can be handed over to Lily and Bella to manage, the purely commercial investment is too draining on the first, and our family is not short of this money, on the contrary, we already have too much wealth now. So I think in the future, you can focus on the foundation, do more charity, can help more people, and can also be regarded as accumulating virtue for future generations...... , as the saying goes, the house of goodness, there must be afterglow. ”

Ye Weiyu was very happy, she nodded and smiled: "This is a good thing, you are still hiding it from me, then I will also put some of my shares in the foundation!"

She leaned into Lin Feng's face, kissed him, and said with a smile: "Thank you for the gift, Lin Feng, I like it very much!"

In addition, the first birthday gift that Lin Feng prepared for his son was the "Lin Family Trust".

This family trust, in the form of a Lin Style offshore trust, is registered in Hong Kong.

Unlike private foundations, which focus on charity, family trusts are more about ensuring the wealth of wealthy families.

Many entrepreneurs of the "first generation" hope that their children can carry forward the business and inherit and accumulate more family wealth, but not every "second-generation heir", the children of entrepreneurs are interested in family business. Some people prefer to follow their dreams in other directions, such as Warren Buffett's youngest son, Peter, who chose to become a musician rather than join Berkshire Hathaway.

Because of this, many wealthy people have adopted the method of setting up family trusts for the sake of their children.

Instead of directly distributing the property to the heirs, the trustee of the trust fund is entrusted with the management, thereby separating the roles of shareholders and operators, appointing competent professional managers to manage the family business, while ensuring that the heirs can live without worry.

Family trusts are not only very popular in Europe and the United States, but also in Hong Kong, such as Cheung Kong Li Ka-shing, Henderson Land Lee Shau Kee, Sun Hung Kai Properties Kwok, Hang Lung Group Ronnie C. Chan and others all set up their own family trusts many years ago. As a means of passing on family wealth.

At the same time, family trusts can also play a role in avoiding the division of personal assets, the repayment of debts or the freezing and seizure of assets, and the taxation of assets.

Lin Feng's establishment of the "Lin Family Trust" is also based on this consideration.

The "legend" of his life stems from rebirth and is almost impossible to replicate. It's hard to imagine what will happen in the future, like 2017, when he is reborn...... , or if he encounters an accident, a serious illness, or other uncontrollable factors. Therefore, it is very necessary to prepare for this in advance.

Lin Feng plans to slowly transfer most of his assets to the "Lin Family Trust" through a more complex private company structure and an offshore trust, which will be the ultimate holder of the Lin family's property.

The trust will be entrusted to his private institution registered in Bermuda to ensure the preservation of the value of the family property.

In the design of the "Lin Family Trust", the beneficiaries will include Lin Feng's parents, all current and future children, and his wife Ye Weiyu, and the trust fund can be used to protect their daily needs and those of their descendants in the event of any accidents.

In addition, family trusts also play an important role, that is, in addition to wealth inheritance, there is also asset separation and distribution.

In contrast to wills, trust funds can determine when, where, and how assets are to be distributed to a single beneficiary or several beneficiaries, and the execution time can be self-determined. Even if the trustee is still alive, if the distribution conditions set at the time are met, such as when the beneficiary becomes an adult, he or she can receive income from this fund. This also avoids disputes among future generations over the inheritance and distribution of property, and even against Bo Gonggong......

Lin Feng and Ye Weiyu still want to have a few more children, although he is still young, but with his current wealth and status, for long-term considerations, he also needs to start thinking about how to pass on the descendants and protect the family business.

At the same time, whether it is a foundation or a family trust, it also has the function of asset operation and appreciation, which does not prevent him from continuing to invest and operate capital.

In short, since Lin Dandan's first birthday, Lin Feng has made a new layout for the future wealth management of the family.

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