A 19-year-old student from Shanghai has made a will that leaves his entire estate worth 20 million yuan (S$3.8 million) to his childhood friend instead of his family.
A 19-year-old student from Shanghai has made a will that leaves his entire estate worth 20 million yuan (S$3.8 million) to his childhood friend instead of his family.
The student, identified as Li, made the decision because he wanted someone he trusted to inherit his assets if he died. Li grew up feeling emotionally distant from his parents because they spent little time with him after their divorce. He chose the childhood friend he has known and trusted for years because he didn't want his parents' current spouses, whom he considers strangers, to benefit from his estate through inheritance rules.
Li completed the process through the China Will Registration Centre in Shanghai. The registration centre has recorded more than 400,000 wills and has seen a change in attitudes with the average age of people making wills falling from 77 to 67. Younger adults are now making wills in increasing numbers, showing that estate planning is no longer viewed as something only older people should think about.
The student's decision sparked lively discussion on Chinese social media with some feeling his parents deserved to inherit the estate and others admiring the friendship
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