Wang Yung-ching's life layout is difficult to prevent family infighting

"It Times" reporter/Li Mei (comprehensive report) succeeded in creating the Formosa plastic Empire, "operating God" Wang Yung-ching may not have expected, its death less than a year, his legacy of huge wealth will become the fuse of children's enemies. June 10, 2009, people familiar with the matter, due to Taiwan's late founder Wang Yung-ching three bedroom daughter Ruihua (currently the deputy President of the Taiwan-Plastic Administration Center) has been to the United States to employ lawyers against Wang Wenyang (Wang Yung-Ching Fang eldest son) was designated as the father of the administrator, the original plan will be held This means that, as long as the presiding judge agrees, the whole lawsuit will be postponed for about 1 months. Earlier May 13, Wang Wenyang filed a petition to the U.S. High Court of New Jersey to announce the total amount of Wang Yung-Ching's legacy and manage it on his behalf. On the same month, 27th, the court announced on June 19 that all the heirs of the king's inheritance rights would convene a pre-trial hearing to ascertain whether the court had jurisdiction.　　At that time, both lawyers will present their respective views, the judge to judge whether to enter a substantive review. "Wang Wenyang is eager for his father's legacy. Analysts on Taiwan Island said. June 4, Formosa plastic "four treasures" one of the Formosa Petrochemical Company held a shareholder meeting and the election of directors and supervisors. Originally let Wang Wenyang as a director of the plan temporary change-Wang Wenyang brother Wang Wenxiang for brother, this is considered Wang Wenyang "better for shares, not shell director" "Prince Revenge" action.　　In addition, he conducted a 7-month private survey to ascertain that Wang Yung-Ching's legacy has 10.2 billion dollars (about 333.6 billion NT dollar)! Whatever the final outcome of the lawsuit, it is just the beginning of this illustrious family dispute.　　"The analysts said. Wang Wenyang back in October 2004, in the media asked "if Wang Yung-ching designated other brothers and sisters inherit the family business, how will think", Wang Wenyang speak easily: If the company shareholders have no opinion, who will care?　　He even said he would not be willing to even be recalled by his father, because "life is too short to live free and cool". It turns out that this was Wang Wenyang's insincere speech. About a year later, August 2, 2005, he received the Guo Yualan (Wang Yung-ching) Administrator of the Authority.　　It is by this identity that Wang Wenyang's application in the U.S. Court of State in Jersey in May this year was answered in just 3 days--and the court unveiled the legacy of Wang Yung-ching. October 15, 2008, Wang Yung-ching died of myocardial infarction in New York. November 8, in the body farewell ceremony, a face sad Wang Wenyang mouth muttered: "Father woke up, I hope to be his son!" More informed people said that he also invoked the same day Lao Tze's "Moral sutra" in the sentence: The sage does not accumulate, both for the people have the more, both with the human being more.　　No one knows the true state of mind at that time, but in the days without Wang Yung-ching, the Wang Wenyang of the controversy over its legacy is growing. Also in last November, there was a rumor that Wang Wenyang to three room LeeThe children of Pearl sent a letter of deposit and demand to disclose all the property of Wang Yung-ching.　　However, the news was quickly denied by Formosa Plastics, Wang Wenyang later clarified that he had not done such a thing, said the letter is Guo Yualan. In March this year, when the industry first rumored that Wang Wenyang might be a director of the company's companies, Wang Wenyang once again said that the ability to participate in the company's management, the first thing to consider is whether it is conducive to family harmony.　　But less than two months after the announcement, his lawsuit in the United States was finally confirmed. In the 25-page petition, Wang Wenyang pointed out that Wang Yung-ching in spite of the huge assets abroad, but he has never personally handled any relevant documents, all by the Formosa Plastics Group consultant Hong Wenxiong single-handedly. He argues that the 5 trust funds established by Wang Yung-ching in Bermuda and the United States during 2001-2005 years may be misled. Not only that, Wang Wenyang also doubted the time of his father's death. His evidence is that the 92-Year-old Wang Yung-ching in recent years to travel with a portable doctor, but the last trip to the United States did not follow the Convention.　　And two days before his death, only with the senior and some members of the family, the end of the deceased could not help but be suspicious. In the case of Wang Wenyang, the members of the Wangs family, including the Wang Guiyun of Fang's children, were almost all "mined". Wang Guiyun said that he had never known his brother's move, but also did not understand what he was thinking. Other members of the Wangs ' family are more indignant: "The Chairman (Wang Yung-ching) old and frail, in sleep because of heart and lung failure of the death is very natural." Wang Wenyang want to contend for the heritage deliberately pull this, really chilling! "Seven years ago, according to the Wang Wenyang survey, the total legacy of Wang Yung-Ching's $10.2 billion trillion (about 333.6 billion NT dollars), with the exception of Taiwan's more than 55 billion NT assets, has 278 billion NT assets overseas.　　However, this huge amount of property is under the arrangement of Wang Yung-ching and Wang Wenyang broke relations. Between 2001 and 2005, in order to avoid the children because of the financial struggle, affecting the company's hundred years of business objectives, Wang Yung-ching secretly to his own ownership of the company into a trust fund. He did not designate any beneficiaries, but set up a 7-person management committee. These 7 people are Wang (Wang Yung-Ching's younger brother) of the two sons Wang Wenxian, Wang Wenchao, long stay in the three rooms around Wang Yung-ching's two daughters Ruihua and Wang Ruiyu, and three others are Formosa plastic three old ministers: Li Zhi, Yang Chaolin and Wu Chingen. This "only asks trust, does not speak the affection seniority" The personnel arrangement lets the management committee have the extremely power: it is not only the highest policy-making body of the Formosa Plastics, is also the Taiwan Plastics Group's holding representative.　　These 7 people have only a common right to the fund, without individual ownership. "The father was trying to make the house impossible to cut the property, so he made other arrangements," she said. Wang Ruiyu revealed that Wang Yung-ching was interested in all the property into public welfare undertakings, for this reason, all children with inheritance are required to sign the abandonment of the estate. Except for the three-room children and Fang's Wang Guiyun., Wang Guiyun said "It's not clear what other people are reacting to". It's easy to think that Wang Wenyang may have been very resistant to his father's wishes at first. In his petition to the United States Court, he stressed: "I have a special duty to protect the rights of Ms. Guo Yualan, who is my father's old and frail widow, and she should get the part she deserves from her husband's inheritance." "Many points of view, Wang Wenyang is Wang Yung-Ching's eldest son, in accordance with the customs of Taiwan's oldest son, it is not difficult to guess that he was excluded from the 7-person management committee, and Wang Yung-ching himself on this or also predictable." Two months before his death, Wang Yung-ching had the children of three rooms to say: "Brothers and sisters together, will inevitably quarrel, but the quarrel is a communication, hoping to communicate, we can reach a consensus!"　　Wang Ruiyu recently believed that the father is hoping they and fang a tacit understanding harmony. To further stabilize the family's internal relations, embodies the equality of all members of the family, Wang Yung-ching implied three rooms from the plastic four treasures (refers to Taiwan plastics, South Asia Plastics, Taiwan Chemical, Formosa Plastic petrochemical) and Chang Gung Hospital to give up 5 seats to Fang children, by their own candidates, Formosa plastic group and three rooms will not interfere. However, such a way of interest adjustment can not fully guarantee the balance of all parties-three room in the Chang Gung Hospital accounted for 3 of the director, give up 1 seats after the Ruihua, Wang Ruiyu in Formosa plastic four Bao in each concurrently two seats, there are 6 seats. Three room children in the group of 7 people have 2 seats, Ruihua, Wang Ruiyu also as the Formosa Group vice president and General Management Office vice-president, with the actual operation rights, these are Fang do not have.　　In this case, even if Wang Wenyang as a director of Formosa Plastics Petrochemical, the same as to see her sister's face to act. In submitting his petition to the court, Wang Wenyang said: "For me, the most glorious thing for my father and his life is to try to pursue the full disclosure of the Heritage Survey program."　　"The outside world is not clear whether Wang Yung-ching has really had such an idea, but it is certain that the" tiger father "to his older son's attitude has been a great change, and even show disappointment. 13 years old that year, Wang Wenyang was Wang Yung-ching sent to London to study. After returning home, he started from the South Asian plastics Company's long position, and rose to the associate. His outstanding performance was once considered as the best successor to Wang Yung-ching. But in 1995, Wang Wenyang betrayed his wife Chen Jingwen, married his students Luani and had children. That year, Wang Wenyang was expelled from his furious father and unveiled a plastic group.　　The following year, he founded the "Hong Ren group". Wang Yung-ching on the growth of Wang Wenyang little comment, but at an earlier time--1981, Wang Yung-ching regrets: "The children of the rich have capital, conditional, do not do well?" Very little done well ... To tell the truth, I look down on him. At that time, Wang Wenyang was at the beginning of the period. A person close to Wang Yung-ching said that Wang Yung-ching in his son's extramarital affairs before exposing him to the grassroots to start, is to cultivate him as a successor. But after the Wang Wenyang affair was fired,, he was unwilling to answer the question of whether "Wang Wenyang will return to Taiwan" in public. Who will become the ultimate winner of this legacy fight?　　It is difficult to jump to conclusions. A lawyer who knows about American law says that since Wang Yung-Ching began arranging property ownership 7 years ago, Wang Wenyang to do something seemingly impossible-proving that his father had become delirious, or that the court could not overturn the decision of Wang Yung-ching to exclude Wang Wenyang from the Estate Management board. He said that although Wang Wenyang repeatedly stressed that they do not know these overseas trusts, and stressed that they are inconsistent with the United States law, but Wang Yung-ching I signed the agreement to establish a true fact, Wang Wenyang does not mean that Wang Yung-ching is delirious. In addition, the United States courts have no jurisdiction over the trusts of Bermuda and Switzerland, and the only Wang Wenyang that can be certified are the trusts based in the United States. But in fact, Wang Yung-Ching has assigned specialized lawyers to manage this.　　And because Americans do not inherit the idea of the eldest son, in the Wangs family has more than half agreed to respect Wang Yung-ching's desire to donate the public cause, Wang Wenyang suddenly proposed to act as property managers, difficult to imagine. "The family crisis will make the tax authorities the biggest winners," he said. "The analyst pointed out that Wang Yung-ching wealthy, but he was not known how much property." The Wang Wenyang lawsuit will expose the entire family's property.　　Because all of Wang Yung-Ching's biological children have American citizenship and are liable to tax, they will be targeted by the U.S. tax authorities. Without a will, Wang Yung-Ching's legacy would be dealt with by his three wives and two or three house women.　　Given that they have not yet considered donating the legacy of Wang Yung-ching as a public good, Taipei tax officials said on June 4 that the Wangs must report an accurate and legal legacy by July 15 this year. "Wang Yung-ching died October 15 last year, applying 50% of the estate tax rate in Taiwan."　　"Taipei tax workers said that Wang Yung-Ching's assets in the United States also apply to the country's 45% tax rate, his hidden for 7 years of trust property, regardless of the benefit, the public good or his benefit, also have to pay taxes, the tax may record." "The lawsuit will only weigh on Formosa shareholders. "A number of local market analysts in Taiwan agree that Wang Wenyang, although the evidence is difficult, but the other members of the family in order to greater benefit may be the initiative to reconcile with them, so as to prevent him from more family scandals, affect the company's share price."