Charles Heung Leaves Entire Estate to Daughter-in-law Bea Hayden; Two Sons Not Allowed to Inherit RM24.8 Billion Fortune

Hong Kong film mogul Charles Heung and his wife, Tiffany Chen, have two sons, Jacky Heung and Jimmy Heung. Recently, he made a shocking announcement that he and his wife have agreed to leave all their inheritance under the management of eldest daughter-in-law Bea Hayden, with the assets eventually to be passed on to their grandchildren.

The Heung family is rumored to be worth NT$200 billion (about RM24.8 billion). Recently, Charles Heung revealed that he and his wife have agreed to establish a family trust fund and entrust its management to their eldest daughter-in-law, Bea Hayden. Both sons will receive a monthly allowance for living expenses, as neither is good at managing finances and are easily deceived, whereas Bea Hayden is prudent with money, thus the couple is confident in leaving the inheritance in her hands.

Additionally, there are special provisions attached to the inheritance: if the sons become “lying flat” (idle and unambitious) and do not work hard, they will not receive their allowance, and the grandchildren will also be ineligible if they study or immigrate to the United States.

Charles Heung revealed that his younger son, Jimmy Heung, is unhappy with the decision and has called it unfair, but Tiffany Chen has already blocked him on WeChat and refused to see him. Charles Heung stated that Tiffany Chen trusts Bea Hayden to raise the grandchildren well, and entrusting the estate to her is an act of trust and affirmation.

However, Charles Heung also emphasized that the will can be amended at any time. If they see a change in ten years, they may revise it to show encouragement, saying directly, "A will can be made now, but the assets can’t be divided in advance."

Source: Apple Daily