Hong Kong film tycoon Charles Heung and his wife Tiffany Chen have opted to leave their two sons Jacky and Jonathan out of their inheritance plans.<\/p>\n
In a TikTok video on Feb 25, Heung, 77, said the move stemmed from concerns over his sons\u2019 limited business acumen and susceptibility to being deceived.<\/p>\n
\u201cIf I leave the property to them, it will soon be cheated away,\u201d he said, as quoted by Hong Kong news portal The Standard.<\/p>\n
According to the report, Heung and Chen will set up a family trust to be managed by their daughter-in-law, Taiwanese actress Bea Hayden, who\u2019s married to their eldest son Jacky, 41.<\/p>\n
Heung added that Hayden is financially astute and careful with money \u2013 qualities that have given both him and his wife confidence about entrusting her with the assets.<\/p>\n
The arrangement comes with specific conditions: grandchildren are prohibited from studying or immigrating to the United States, and Chen\u2019s jewellery collection will be passed directly to her granddaughter.<\/p>\n
Heung said Jonathan didn\u2019t take the decision well, citing favouritism\u00a0and unfairness.<\/p>\n
He added that Chen has blocked Jonathan on WeChat, and the latter\u2019s calls now have to go through a secretary.<\/p>\n
\u201cThe will can be revised if both sons change their behaviour over the next decade,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"Hong Kong film tycoon Charles Heung and his wife Tiffany Chen have opted to leave their two sons…\n","protected":false},"author":2,"featured_media":508206,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[64,63,447,134,6675],"class_list":["post-508205","post","type-post","status-publish","format-standard","has-post-thumbnail","category-celebrities","tag-au","tag-australia","tag-celebrities","tag-entertainment","tag-na"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/508205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=508205"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/508205\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/508206"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=508205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=508205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=508205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}