The Financial Solution Of Family Wealth Heritage

With the rapid development of the national economy, household wealth has continued to accumulate and grow. Since 2011, the per capital income growth rate continued to exceed GDP growth rate. In recent years, the number of high net worth population has formed a large-scale groups, which is playing a more and more influence. But it can not be ignored that in the process of changing of population structure, aging phenomenon has become more and more obvious. At the same time, family culture become the spiritual support of our social function by the influence of traditional culture. In this context, heritance of family wealth become a difficult problem which the majority family are facing.Wealth heritance refers to the way in which the wealth will be left to the next generation by means of relevant tools. At present, we can achieve the goal of wealth heritage throngh will, insurance, family trust and so on. Financial instruments is better than traditional tool whether in terms of flexibility or security. But the existing financial products can not meet the diverse needs of heritage of the rich. This is mainly manifested in the related financial products coverage is not wide and it contains many risks. This paper combines literature review and research innovation. Simultaneously, this paper uses many research methods including comparative analysis, case analysis and so on. Aiming at the problem of wealth heritance, this paper presents a financial solution of "Standardized Family Trust+Insurance Trust", which is from the perspective of product design and innovation. Meanwhile, this paper analysed some limiting factors including the aspect of system, legal and market. Finally, this paper puts forward some improvement measures. The research contents are as follows:the first chapter describes the background and significance of the study, and summarizes the domestic and foreign literature on the heritage of wealth in recent years. The second chapter calculates the market size of wealth heritance and expounds the necessity of wealth heritance planning. The third chapter introduces different kinds of wealth heritance tools from the angle of characteristics, functions and practical applications. The forth chapter puts forward financial solution of "Standardized Family Trust+Insurance Trust" through the construction of product model. In the fifth chapter, the rationality of the scheme is proved. The sixth chapter summarizes the full text view.The innovations of this paper are as follows:Firstly, a novel theme. The problem of family wealth heritance has become more and more prominent in the real society. But there is little research about it. This article is based on the theme of wealth inheritance. On the basis of a comparative analysis of the way of wealth inheritance, this paper put forward relevant solutions to meet the needs of high net worth population wealth inheritance.Secondly, a novel research perspectives. This paper use the program of products, which has a certain operability, to solve the problems of family wealth heritance. Thirdly, a novel research method. This paper uses a number of cases of domestic and foreign products when discussing the way of wealth heritance. The deficiency of this paper:the theme is relatively new, but relevant information is scarce. Meanwhile, the solution contains family trust and other complex financial products. Limited by their own capacity, this paper only use the template products to express the ideas. So the solution can not consider all aspects of the family trust. These problems are still expected to enrich and strengthen in the follow-up study...