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Hong Kong Actor Patrick Tse Dies at 89; Inheritance Details Emerge

From Liberty Times · () Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

At a glance

News Sources not specified Outcome reported
  • Hong Kong film icon Patrick Tse, 89, has passed away, with his children Nicholas Tse and Jennifer Tse confirming the news.
  • Media reports suggest Tse arranged for approximately 100 million Hong Kong dollars (about 400 million New Taiwan dollars) in assets.
  • His ex-daughter-in-law Cecilia Cheung was reportedly designated to manage a portion of the inheritance for his two grandsons, Lucas and Quintus Tse.

Hong Kong โ€“ Renowned Hong Kong film actor Patrick Tse, aged 89, has passed away, his children Nicholas Tse and Jennifer Tse confirmed the sad news. The industry and fans are mourning the loss of the veteran actor, while also turning attention to the distribution of his estate.

According to Hong Kong media reports from last year, Tse had made arrangements for his assets, estimated at around 100 million Hong Kong dollars (approximately 400 million New Taiwan dollars). A significant focus of these arrangements was the reported designation of his former daughter-in-law, Cecilia Cheung, to manage a portion of the inheritance for his two grandsons, Lucas and Quintus Tse.

Reports indicated that Tse intended to allocate 90% of his estate to a "grandchildren's growth fund" for Lucas and Quintus, with Cheung acting as the custodian. However, this arrangement reportedly grants her only management rights, not ownership. Further details suggested that if Cheung remarries, she would lose her custodial rights, and the funds would be transferred to a professional trust institution. These funds would be exclusively for the education and medical expenses of the two grandsons. The reports also mentioned provisions for monthly ancestor worship and the appointment of Brigitte Lin as supervisor, though these details have not been officially confirmed by the Tse family.

The remaining 10% of the estate was reportedly to be divided equally between Nicholas Tse and Jennifer Tse, with each receiving 5%. This distribution was speculated to be influenced by Nicholas Tse's successful career and substantial wealth, estimated to exceed 3 billion dollars, and Jennifer Tse's marriage into a wealthy family and stable life. Both siblings are understood to be financially secure, leading Tse to prioritize securing a more substantial future for his grandsons. These purported arrangements generated considerable discussion at the time.

DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.