Abstract
With the development of economy, the prosperity of the country, the increase of income and the prosperity of people's life, family wealth management has gradually become a part of life. Good household wealth management can not only maintain and increase wealth, but also avoid or reduce the risk of sudden wealth. In order to understand the impact of the estate administrator system on the inheritance of wealth, to eliminate the troubles of Chinese-style wealth inheritance and study the path of wealth inheritance. On May 28, 2020, the first new legal code of China was born -- the Civil Code. As a law most closely related to each individual, the draft Civil Code is the first draft law named after the code since the founding of the People's Republic of China. It is a basic standard of civil law. Based on the Civil Code, this paper considers the following three issues: the impact of the estate administrator system on the inheritance of wealth; How to support children's wealth skillfully under the new Civil Code; Marital debt system and household and enterprise debt segregation scheme. This paper introduces a new strategy of debt isolation to protect family wealth, and skillfully isolates debts through prudent use of guarantee, clever use of assets and financial assets, etc.
Highlights
Civil Code is a basic standard of civil law. [1] The draft civil Code consists of seven parts, including general Provisions, real rights, contracts, personal rights, Marriage and family, inheritance, tort liability, and supplementary Provisions, with 1,260 articles and a total of more than 100,000 words, the most articles in any draft law since the founding of the People's Republic of China
Based on the Civil Code, this paper considers the following three issues: the impact of the estate administrator system on the inheritance of wealth; How to support children's wealth skillfully under the new Civil Code; Marital debt system and household and enterprise debt segregation scheme
Under the practical revision of the civil Code, we should have a new thinking of wealth management and refer to the seventh part of the draft civil Code to protect our lives and standardize the operation of enterprises
Summary
Civil Code is a basic standard of civil law. [1] The draft civil Code consists of seven parts, including general Provisions, real rights, contracts, personal rights, Marriage and family, inheritance, tort liability, and supplementary Provisions, with 1,260 articles and a total of more than 100,000 words, the most articles in any draft law since the founding of the People's Republic of China. [1] The draft civil Code consists of seven parts, including general Provisions, real rights, contracts, personal rights, Marriage and family, inheritance, tort liability, and supplementary Provisions, with 1,260 articles and a total of more than 100,000 words, the most articles in any draft law since the founding of the People's Republic of China. Article 359 When the term of the right to use residential construction land expires, it shall be automatically renewed. The payment or reduction of renewal fees shall be handled in accordance with the provisions of laws and administrative regulations. The renewal of the right to use non-residential construction land upon expiration shall be handled in accordance with the provisions of law. Identification and Legal Protection of Family Wealth Risk Under Civil Code Practice
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