大成律师事务所高级合伙人薛京：股权信托如何打破家族企业传承的困局？

Core Insights - The conference "2026 Annual Dialogue and Global Wealth Management Forum" focuses on the theme "China's Resilience in Changing Circumstances" and addresses the challenges faced by family businesses in wealth succession [1][3] - The speaker emphasizes the complexity and importance of equity trust as a solution for family business succession, highlighting the need for a systematic approach to address ownership, control, management, and benefit rights [3][5] Group 1: Family Business Succession Challenges - Many family businesses are experiencing turmoil during succession, leading to losses in equity value, social reputation, and family assets, which is a significant concern for society and the nation [3][4] - A report indicates that nearly 80 trillion yuan of private wealth, primarily from family businesses, will need to be transferred over the next 30 years, with 74% of surveyed family businesses yet to initiate wealth succession [3][6] Group 2: Role of Equity Trust - Equity trust is identified as the most complex and profound form of trust, capable of embodying the value of wealth succession [5][7] - The speaker outlines six key pillars that equity trust can address in family business succession: design of the trust structure, global asset allocation, breaking the succession deadlock, smooth transition of control, cultivation of human resources, and exit mechanisms for family wealth [7][8] Group 3: Systematic Solutions - The transition of control and governance within family businesses requires detailed planning and collaboration among legal, trust, and corporate governance experts [8][9] - The cultivation of future generations through mechanisms like charitable trusts can reinforce family values and prepare heirs for wealth management [8][9] Group 4: Legal and Decision-Making Challenges - Family businesses often focus excessively on family charters while neglecting the legal frameworks necessary for effective succession planning, which can lead to decision-making difficulties [11][12] - Founders may avoid engaging with complex legal issues related to equity trust, which are crucial for establishing a stable succession framework [11][12]