Following the passing of legendary Hong Kong actor Patrick Tse, more reports have emerged regarding the distribution of his estate.
The news came after his son, Nicholas Tse, officially announced his father’s death on July 20.
According to Hong Kong media reports, Patrick Tse had completed his estate planning and signed his will before his passing.
His assets are estimated to be worth more than HK$100 million, including real estate, stocks, investments, and intellectual property rights.
The reports claim that around 90 percent of the estate has been designated for his two grandsons, Lucas and Quintus, the sons of Nicholas Tse and actress Cecilia Cheung.
The remaining 10 percent is reportedly divided equally between his two children, Nicholas Tse and Jennifer Tse.
The reported decision was based on Patrick Tse’s belief that his children are already financially independent, while his grandsons still require long-term financial support and protection.
Hong Kong media also stated that part of the estate will be managed until the grandsons reach adulthood. (Overseasidol.com)
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