Study Of The Development Of Family Trust Based On Regulations In China

As an ancient system,trust which is originated from the United Kingdom,is an important part of the Anglo-American law system.After hundreds years' development,trust system is mature completely,and win a wide range of application in many countries because of its professional mode of operation,flexible institutional arrangements.As early as in the United States,"the second gilded age",one called "family trust” property management has become increasingly fashionable,the key points of to understand the trust system is the planning and transmission of wealth,completely is a an epoch-making event in the trust industry,the wealth of the rich last forever.Family trust from germination to development has a long history,its many advantages are also increasingly received worldwide recognition,for example,it can effectively avoid risk,trust arrangement is more flexible and convenient,easy disposition of property,the advantages of the successful avoiding tax,make the development of family trust industry increasingly mature and reliable.For a long time to fill this gap in the field of our country,ping an trust brought the family trust into China in 2013.To view the incident from the perspective of long-term development,the author thinks that it will bring the leap development of the whole family trust in our country,some trust companies to carry out the relevant business enthusiasm will follow up,its enormous profit space is predictable.Family trust,in fact,this type of service products already appear like mushrooms in China and to carry out,but this is unrealistic for "easily" to "grafting" family trust system in China.According to the current situation,the trust culture of the vast majority of areas in China are scarce except Hong Kong,significance of the inheritance tax has not been confirmed,and it is very difficult to prove and play the various strengths of family trust in a relatively short period of time,in general,to carry out the family of the trust business trust company is few and far between.The essay analysizes the motivation and the restriction factors to carry out the family trust business through investigation literatures to understand the concept of family trust and it's history,combined with the legal features and the core functions of family trust.And it summarizes some suggestions to optimize Chinese legal systems in family trust through the analysis of overseas experience in the development of family trust.The final conclusion is that the family trust can be operated and has been formed a certain scale after study the theory and promotion the concept stage in China.However,the development of family trust still has some bottlenecks as it is a new business in China,and lack of optimized laws and regulations,as a result,the colossal potential functions of family trust are not be efficiently performed in China.But all the above does not weaken the charm of family trust.What is more,China should not be ignored as it possesses super huge scale wealth groups and unmatched family trust market.As a conclusion,China's family trust possesses a bright future.