Recently, another "property dispute" case between Hong Kong's wealthy families has made the latest progress. That is, the estate case of the late chairman of Hong Kong Lai Sun Group, Lam Pak-yin, has been heard in court, which has attracted the keen attention of many netizens.
As we all know, Lam Baixin is a well-known entrepreneur in Hong Kong, the founder of Hong Kong Lai Sun Group and the chairman of the board of directors of Asia Television Co., Ltd., and the biological father of film and television tycoon Lin Jianyue.
In 2005, Lin Baixin was hospitalized due to aspiration pneumonia, and later died due to complications from various diseases. Although Lin Baixin passed away, he left behind more than 10 billion in family assets. In addition, he had four spouses, all of whom gave birth to children, so the Lin family was also involved in inheritance disputes.
It is reported that Lin Baixin's first wife Lai Yuanfang has passed away many years ago, and the fourth wife Cai Yanru is a Taiwanese starlet. She retired from the industry after marrying into the Lin family and has always been relatively low-key.
After Lin Baixin passed away, she witnessed the constant disputes among her family over property, so she immigrated abroad with her daughter. It was rumored that their mother and daughter also received a large sum of assets.
The one who really benefited was the second wife Yu Baozhu. She was originally a small employee in a knitting factory. After marrying Lin Baixin, she became the core figure of the Lin family with her extraordinary talents. She also gave birth to a son and a daughter, including a son. Lin Jianyue is also one of the celebrities in Hong Kong's wealthy circles.
During the property dispute, Yu Baozhu distributed nearly 100 billion in assets to her children, including about 33.73% of the equity of Lai Sun International. She and her son Lin Jianyue each held half of the equity.
However, the third wife, Gu Ruiying, did not receive a single cent. She and her daughter Lin Mingzhu publicly questioned Lin Baixin’s will during his lifetime. The third wife believed that Lin Baixin was already very unwell when she made the will in 2004. The phenomenon of brain function degradation has occurred, and we want to find a more just way to solve it.
According to Hong Kong media reports, Gu Ruiying and her daughter revealed that Lin Baixin’s inheritance is as high as 2.9 billion Hong Kong dollars, which is mainly divided among the three sons. Among them, the eldest son Lin Jianming received 700 million, and the second son Lin Jianyue received 1.92 billion. 296 million, the second wife Yu Baozhu and the fourth wife’s adopted son Lin Jiankang jointly shared the inheritance share of 296 million. It can be seen that the third wife’s lineage did not receive any share of the inheritance in this will, so the third wife Gu Ruiying and her daughter Lin Mingzhu believed that the authenticity of this will was doubtful.
It is worth mentioning that estate dispute cases are different from previous cases in that the executor usually proves the authenticity of the will, so Santai's party becomes the defendant, that is, the respondent. The main core point of Lin Baixin's inheritance dispute is to prove Lin Baixin's mental state at the time and to find out why the Santai lineage was not included in the inheritance list.
It is understood that Lin Jianyue said that when Lin Baixin made his will in 2004, he underwent a professional mental health appraisal, which can prove that Lin Baixin did not have symptoms such as Alzheimer's disease at the time. From the hospital's perspective, Lin Baixin's cognitive ability at the time was normal.
On the other hand, the plaintiff team stated that the reason why Lin Baixin did not include the third wife and her daughter in the inheritance list was because they had received huge financial support from Lin Baixin. One of the real estate projects in Shanghai was as high as 5 Direct financial assistance of HKD 500 million and bank loan guarantee of HKD 500 million.
However, the third wife Gu Ruiying pointed out that these funds were gifts from Lin Baixin and were not debts to be repaid, and the two parties also launched a fierce debate on this issue.
At present, the case will continue to be tried in the future. No matter what, the fight for property between wealthy families is always complicated, which makes people think and sigh.
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