HONG KONG:
Filmmaker Tiffany Chen has confirmed that she will not be including her sons in her will.
The 66-year-old recently finalised her estate planning, opting to exclude her sons, Jacky and Jonathan, from her inheritance.
This decision does not stem from any family fallout or misbehaviour; rather, Chen reasons that both men are already financially independent and successful in their own right.
In a video shared on her online channel, Chen explained that her assets will instead go to her grandchildren. She noted that this move has the full support of her husband, film tycoon Charles Heung.
“Jacky and Jonathan get nothing. I have already given them what they need to make movies and start businesses,” she said, adding that her children are already well-off.
Chen emphasised that her primary goal is to ensure her grandchildren are well provided for and can grow up comfortably.
Entertainment portal Dimsum Daily reported on Sept 19 that Chen believes her sons lack her specific business acumen, which influenced her decision not to hand over the family business to them.
Instead, she proposes selling the company’s assets and establishing a trust fund as a more secure, long-term financial plan.
Chen and Heung serve as the vice chairman and chairman, respectively, of their production powerhouse, China Star Entertainment Group.
The company is responsible for various hit films, including Wu Yen (2001), Love On A Diet (2001), and La Brassiere (2001).
Jacky, 41, is an established actor who has appeared in films such as Poker King (2009), From Vegas To Macau III (2016), and League Of Gods (2016).
His younger brother, Jonathan, who is in his late 30s, is a businessman.
© New Straits Times Press (M) Bhd
