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By Chinatrust Commercial Bank - Asset Management Team

20 million dollar advice - Wealth Preservation and Transfer in Taiwan

The previous vice chairman of Inventec Corporation, Mr. Wen, passed away instantly and left 3 billion inheritance tax for his families to pay.  This incident evokes serious attention of many entrepreneur and large shareholders in Hi-tech corporations. Financial advices are diversified, and it’s up to clients’ needs. However, no one will doubt “how to plan asset transfer ahead to reduce the tax loading” will become the key issue in Taiwan in 2004 . The following story will tell you how Chinatrust will do to meet clients’ need.

For example, Mr. Chen, 50 years old, started his own business at age of 25.  He has two children, 10 and 15 years old, respectively.  He owns USD 20 million assets, including 10 million stock shares and 10 million liquid assets.  He comes to us to seek a help to transfer assets to his children before he retires in 15 years later, and also wishes to live a smooth retirement life.  If any accident happens in his future, he wishes his children could inherit his assets with less tax burden.