Insights

Ningbo Legacy Support Agreement: How to Sign and Do Not Fulfill It

The elderly have no children, or their children can't take care of them all the year round. Who will take care of them in their old age and who will leave the house behind them. These two things are often tied together. The legacy support agreement is the tool to solve this problem: whoever is responsible for the retirement will receive the inheritance in the future. Its legal effect is higher than that of wills and legal inheritance. Once it is signed firmly, the old man's old age is guaranteed and the dependant's efforts are rewarded. However, the other side of the matter is that irregular signing may be deemed invalid, and the dependants have not...