Chapter 195, Three Conditions

"What!" Brut was shocked when he heard Song Yang say this, "What important information is being hidden?" ”

Shi Youming unhurriedly took out a copy of the asset trust contract and handed it over.

Song Yang said: "The original contract was very long. But I believe that you have patience for such an important matter. Even if you don't understand it, I can explain it to you. ”

This time, they were well prepared.

They not only brought a copy of the contract, but also brought a lot of relevant legal documents to facilitate their verification.

The yacht swayed slowly on the sea around Xiangdao, and the seven people with a relatively high level of education got together and slowly read the entire contract with the others.

Song Yang then said: "Whether she was angry at that time for not being able to accompany her well in her old age, or for other reasons. Now, the fact that Mr. Li Ping is the main heir of the estate is legally unassailable. Otherwise, Mr. Li would not have been able to respond to your lawsuit at all in the past ten years. ”

This point is also very clear to the seven people, and it cannot be refuted.

"So, why does the current management team of Trust Assets still help you fight for this inheritance that you can't compete for? Because of the most important piece of information in this: Mr. Li Ping is also able to become the successor trustee of this inheritance. ”

Song Yang took over the legal text on trusts from Shi Youming's hands, opened it and pointed to the provisions to show them: "The successor trustee is qualified to terminate the trust or hire another team to manage the assets. In other words, it is not the team that is giving you income every year, strictly speaking, but Mr. Li Ping. ”

They didn't want to admit it, and they didn't even look at Li Ping twice.

"Let me break it down for you a little more." Song Yang spread his hands and said, "The current team, as long as they manage this asset all the time, the first thing they can earn is the high annual management fee. Secondly, this trust does not have any additional requirements for the return on assets, as long as it is not lower than the basic interest rate. However, the nearly $3 billion in trust assets, even if calculated at the base rate alone, generates astronomical returns every year. ”

Subsequently, he took out the income receipts that Li Ping had received from there every year in the past few years, and finally put a table: "This is calculated according to the basic interest rate, and all the eight beneficiaries here should have gotten all the amounts." Here's how much you actually got combined. How much difference is found? ”

The numbers are staggering.

Except for this year, from '91 to '93, the United States has been in a cycle of interest rate cuts. Rao, the base rate has never fallen below 3%.

On average, this asset contributes about $100 million a year.

But what Li Ping gets every year, and theirs combined, is not even $15 million.

Song Yang said calmly: "That's why they will support you to fight for this inheritance." As long as your eyes are on fighting for the inheritance, you won't notice that they take more than 85% of the annual proceeds. With such a lucrative business, they also have enough money to buy off the team of lawyers you entrusted. In this way, those teams of lawyers can not only sign a contract that contributes a large amount of legal fees every year, but also receive the hidden benefits that they transmit. ”

More than $85 million a year is missing, and even if this income has nothing to do with them, who can only get a quota, it makes them feel like they are being cut very painfully.

Mr. Li didn't want to live alone in the United States, and he returned to China without bothering to fight for it. On the one hand, the lawyer he appointed in the United States focused only on the text of the will and the estate dispute itself. On the other hand, it is also likely to be bought. Until he met me, trusted me, and told me the story. ”

Song Yang paused when he said this: "That's why I found out that he has already suffered a huge loss. And because the way he obtained this inheritance is something that none of the seven of you can agree with, it is the situation where the wealth, which should belong to you, the beneficiaries, is being swallowed up by another team that has nothing to do with it. ”

"Ladies and gentlemen, no matter what, after all, Mr. Li is the one who has taken care of her and accompanied her for so many years, and you are her heirs and friends. Those lost gains, on what basis do they give to those moths? In the past four years, they have gained a lot more than you have already gotten combined! ”

To deal with this matter, we must first establish a common enemy for everyone, so that there is a psychological basis for reconciliation.

As soon as Song Yang said this, hearing the wealth that "belongs to you beneficiaries" implied in his words, the seven people whose brains turned faster had already understood.

And Song Yang immediately continued: "According to the current will, each of you can get between 5 and 120,000 US dollars per year. Until the end of your life, if Mr. Lee does not obtain the status of successor trustee to change the terms of the trust, then your heirs will no longer be entitled to the benefits. It's easy to calculate, how much money can each of you expect in total, there's a number, right? ”

"The most, it can't be more than 10 million. In the unfortunate event of an early death, the number is even less. Song Yang looked at the eldest Brute, "And the inheritance competition, there is no chance of winning, this is the upper limit of your income." ”

This has entered the stage of re-emphasizing interests.

Money is moving, and it's heart-wrenching to see that the team that manages assets is taking away more than $850 million a year when you only get that little money a year.

Although the $85 million was originally only owned by Li Ping according to the will.

Now that we've brought everyone together, there's something to talk about!

These seven people couldn't help but feel excited.

Song Yang really smiled: "It's been four years, and you should be tired." There is no doubt that the current management team is not a team with an ethical agenda. What they have embezzled is the wealth that belongs to the beneficiary. In four years, the preliminary estimate is that about 300 million US dollars in profits have been swallowed by them. ”

He paused, looked at them one by one, and then said, "Now if you want to recover this money, you need to agree to Mr. Li as the successor trustee." ”

“…… What about the conditions? After a long time, Brut spoke first.

Song Yang didn't answer first, but looked over one by one, and confirmed one by one: Do they recognize this principled direction?

Listening to the total figure of $300 million, who can say anything else?

After all, in the past four years, I have indeed only received a little money every year, and the other is just some small favors from the management team.

Song Yang used this strategy to let them determine the big attitude first, and then it was just a pure interest negotiation.

He looked at Li Ping, and after seeing him nodding, he said, "Mr. Li is willing to give the following three conditions. ”

"First, according to the current distribution of benefits, each of you will receive a one-time gain of 100 years. That is, from $5 million to $12 million. No matter how old you are, you don't care about it. After obtaining this money, Mr. Li will entrust the assets separately, and you will no longer receive any income from them. ”

This alone has already made some people's hearts flutter.

Although the assets of nearly $3 billion are good, after four years of tossing, no one knows that there is nothing to fight for. They want it, and others are not stupid. With testamentary support, will it be easy to give it to them?

And at most, I can get $12 million at once, which is a lot of money.

Tens of thousands of dollars a year, who can get 100 years? What's more, the role that money can play once in hand is not comparable to receiving a little bit every year.

And that's just the first of three.

Song Yang observed their reactions for a moment, and continued: "Second, Mr. Li will come out with $50 million again to set up a trust fund named after her. The settlor and trustee of this fund are also Mr. Li, and the first batch of beneficiaries is still the seven of you. The annual income will not be lower than what you can get now. ”

"In addition, Mr. Li wants you, as her children, to set up a family meeting. During Mr. Lee's lifetime, he would review the list of new beneficiaries submitted by the family meeting and include them among the beneficiaries. When Mr. Li is also old, he will change the trustee to the person elected by the family meeting. From then on, this increasing amount of money will become a family asset that her children can continue to benefit from. ”

The seven people couldn't help but look at Li Ping.

Song Yang sighed: "You should apologize to Mr. Li for your previous attitude." Mr. Brut, you know your mother's character very well. Mr. Li had never had a purpose in her own way to fight for the inheritance before, and she would not choose the main heir of the inheritance at will. Judging from the current situation, she did not directly let you inherit such a large inheritance, but saved you from a lot of disasters. Otherwise, the people who are staring at this money do not know what kind of trouble it will cause you. ”

After all, Brut still had a hint of pride and was reluctant to say anything to Li Ping.

"Maybe 100 years of one-time gains, plus this 50 million fund, a total of nearly $100 million, still makes you feel that you have lived too little." Song Yang looked at them again, "But I emphasize again, rationally speaking, this is Mr. Li's kindness to you. And the $50 million fund, if properly managed, may not be less than $500 million when Mr. Li hands it over to your family. ”

"Will there be so many?" Among the seven, a middle-aged white man asked in disbelief.

"It depends on who's going to manage it. Have a work ethic, have asset management skills, and not steal huge profits for yourself. Song Yang hinted at the current team again.

“…… There is one more condition, what is it? ”

Song Yang looked at the woman with eager eyes, smiled and said, "The third condition is that you have to apologize to Mr. Li for your previous arrogance and rudeness. ”