LIGHTNOVELONLINE Chapter 3
Chapter 3: Kwok Family Trust
Chapter 3 Guo Family Trust
…
After rolling his eyes towards Guo Shouyun, “I’m here to worship Grandpa Guo!”
Hearing this, Guo Shouyun nodded and his expression became low. Inheriting all the memories of Bruce Guo, naturally, he is also affected by this memory.
“Little Bruce, don’t be sad. Although Uncle Guo is gone, we are still here!” Mary rubbed Guo Shouyun’s head lovingly.
Although Guo Shouyun’s heart was moved by Mary’s comfort, he still felt embarrassed when he was ‘caressed’ like a child by a woman who had lived for more than 50 years in his two lifetimes.
Blair obviously noticed his strangeness, and immediately smiled: “Okay Mary, Bruce is nineteen years old and an adult.”
“No matter how old he is, in my eyes, little Bruce will always be the kid who chases me for milk just like Gordon!”
Hearing this, Guo Shouyun was so embarrassed, Zhang Jun’s face was half red.
“Ha ha…!”
It was rare to see him so embarrassed, and Matta Lincoln laughed arrogantly.
Hearing the laughter of her son and husband, and seeing the embarrassment on Guo Shouyun’s face, Mary couldn’t help but smile.
“It’s a pity that Katherine has to prepare her master’s thesis, and Gordon is still in the military in Hawaii, otherwise we can celebrate Jr. Bruce’s healthy discharge.”
“Mary, be happy. We still have a lot of time to get together in the future.” Blair comforted his wife.
The latter nodded and greeted Guo Shouyun, along with her husband and son, to a small two-story building not far from the right side of the villa. This is Lincoln’s house, Guo Shouyun spent his childhood here, and he is naturally very familiar.
Mary’s cooking is good, especially the barbecue. Therefore, Guo Shouyun was quite satisfied with the first big meal since his rebirth. Because I have to see a lawyer the next day to handle the will. Therefore, Guo Shouyun left Guo’s farm with Matta Lincoln, who also wanted to return to Berkeley to work.
Of course, before returning to San Francisco, he also had to pay homage to Guo Jiancheng, who had been buried.
…
Looking at the familiar photos on the tombstone, Guo Jiancheng put the white carnation in his hand beside him. At the same time, he said silently in his heart: “Although I am no longer the original Guo Shouyun, to a certain extent I have inherited everything from him. Therefore, you will be my adoptive father in the future, and I will come to worship you every Qingming and New Year’s Eve! ”
“Bruce, don’t be sad, you and all of us!”
Looking at Mata’s comforting eyes, Guo Shouyun nodded. After taking another look at the photo on the tombstone, he slowly turned around.
“Let’s go.”
The two left the cemetery together.
Because the road ahead is different, the two will part ways from here.
“Don’t forget what I told you!”
Guo Shouyun said before getting on the bus.
Matta Lincoln nodded.
“I know, I’ll let you know when it’s done. But don’t you like the Internet, when are you ready to invest again?”
“You’ll understand later!”
Seeing that Guo Shouyun was reluctant to say more, Matta Lincoln was also interested in not asking more. In the United States, respect for personal privacy is basic common sense.
“Goodbye then!”
“goodbye!”
After separating from Matta Lincoln, Guo Shouyun drove to Baker & McKenzie’s San Francisco office.
“Hello sir, is there anything I can help you with?”
The lady at the front desk respectfully said.
“I have an appointment with attorney George Davis!”
“Okay, please wait a moment!”
After Guo Shouyun nodded, the lady at the front desk picked up the phone on the table and asked a few questions.
“Sir, please wait in the rest area over there, lawyer Davis will come to see you soon!”
After saying thanks, Guo Shouyun walked to the rest area on the right side of the hall, but before he could sit down, a young black man in a neat suit strode out from the inner office area, his eyes after seeing him. , looked happy, and took the initiative to come over.
“Hello, are you Mr. Bruce Guo?”
“I’m!”
“I’m Davis’s assistant, and my name is Mike!”
“Hello!”
The two sides simply shook hands.
“Mr. Guo, please come with me! Lawyer Davis is already waiting for you in the VIP room!”
Guo Shouyun nodded, followed him through the work area, and walked into an elegantly decorated reception room. After he came in, a man wearing a dark Armani suit with a Vacheron Constantin limited edition watch on his right wrist, a pair of A middle-aged white man dressed as a successful man stood up with a smile.
“Hello, Mr. Guo, I’m George Davis, the attorney for your adoptive father’s will.”
“Hello, Lawyer Davis!”
“Please sit down!”
“thanks!”
“Mr. Guo, about the will, did your adoptive father mention it to you before he died?”
“mentioned!”
Because of the high gift tax and inheritance tax, it is normal in the United States to set up a will in advance and transfer assets reasonably to future generations. Although Guo Jiancheng is Chinese at heart, he has been in the United States for so many years and has long since followed the customs.
“That’s easy to do!”
Davis nodded, then took out a few documents from his briefcase and handed them to Guo Shouyun.
“Mr. Guo Jiancheng’s will is divided into three parts. First, the establishment of Guo’s family trust fund, 560 acres of Guo’s farm and 2 Guo’s fresh food stores, and about 500,000 US dollars in cash, all of which are managed by the trust fund. According to Mr. Guo Jiancheng’s will, you are the sole executor of the Guo Family Trust Fund worth US$7 million.”
Wang Zheng nodded, not surprised by this. At present, the exemption for inheritance tax and gift tax in the United States is only 750,000 US dollars. Based on the total assets of the Guo family, if you want to pass the property to children like China, 50% of the assets must be taken out to pay inheritance tax. And, after deducting the $3.5 million in estate taxes, the remaining half is subject to personal income tax.
That is to say, after the entire tax payment process, the assets of 7 million US dollars really belong to Guo Shouyun only about 2 million US dollars.
After working hard for a lifetime, no one wants to see the situation before liberation. Therefore, Guo Shouyun talked to Guo Shouyun about the will as early as before his death. The Guo Family Trust Fund is Guo Jiancheng’s chosen tax avoidance method. And this is also the most common choice for the rich in the United States. As for the higher-level charitable funds, the current assets of the Guo family are not large enough to reach the level of charitable funds.
“Secondly, Mr. Guo Jiancheng has purchased insurance for you of 1 million US dollars in the American Life Insurance Company; among them, 500,000 life insurance, 300,000 health insurance, and 200,000 US dollars accident insurance! According to the contract, after 20 years, your Receive $38,000 in cash from American Life Insurance each year until your end of life.”
Insurance is also a common form of tax avoidance. Many rich people buy huge amounts of insurance for their children before they die to avoid paying taxes.
“Finally, Mr. Guo Jiancheng hopes that you can find relatives in his hometown on his behalf and help them as much as you can.”
Guo Shouyun nodded.
Guo Jiancheng has five brothers and sisters, and he has never returned since he was recruited as a strong man. Later, because of ideological opposition, before China’s reform and opening up, he had no chance to set foot in his hometown again. In the 1980s, Guo Shouyun was too young to walk away. In the 1990s, it was okay, but the body was not. He dragged on like this until the day of his death, and he had no chance to go back to his hometown to see it again.
Moreover, Guo Jiancheng had mentioned to Guo Shouyun more than once before his death, after his death, UU reading www.uukanshu. com hopes to bring the ashes back to their hometown for burial.
“Mr. Guo, if you think there is no problem after reading it, please sign here!”
Nodding his head clearly, after carefully examining all the contracts, Guo Shouyun signed his name at the designated place.
“Mr. Guo, if you have no problem, Mike will accompany you to complete the industrial and commercial tax registration and bank transfer!”
As a Gold Attorney at Baker McKenzie International LLP, George Davis’ attorney fees are calculated on an hourly basis, at $900 an hour. Time is precious and should not be wasted.
Of course, Guo Shouyun can also understand.
“Mr. Davis, are you a lawyer in business?”
The latter was stunned for a moment, then nodded quickly.
Guo Shouyun smiled and stretched out his right hand towards him.
“I think there will be many opportunities for me to cooperate with Mr. Davis in the future!”
“Very willing to serve Mr. Guo.”
George Davis held Guo Shouyun’s right hand, and no one was willing to reject a client who could bring him lucrative gains.
“As for the lawyer’s fee this time, I believe my adoptive father has already paid it!”
“Actually, Mr. Guo Jiancheng still has the remaining legal fees. I will transfer the remaining money to your account after Mr. Guo has completed the bank transfer.”
“Then I’ll say goodbye!”
Guo Shouyun nodded and said.
“goodbye!”
Leaving the office of Baker & McKenzie Law Firm, with Mike’s help, he completed the industrial and commercial tax registration, and after completing the bank transfer, he had assets of US$6.5 million and the Guo family trust of US$500,000 in cash. , it was truly included in Guo Shouyun’s control.