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Coronavirus pandemic pushes more young Chinese people to write wills

Coronavirus pandemic pushes more young Chinese people to write wills

09-Apr-2021 Intellasia |
South China Morning Post |
5:02 AM

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More young Chinese people are preparing wills than ever before, according to a new report released by China Will Registration Centre.

Experts say the coronavirus pandemic has prompted more young people to think about death and their assets. From 2019 to 2020, the number of will writers born after 1990 has grown 60 per cent, faster than in previous years.

Since last August, a growing number of overseas Chinese people are consulting the centre in order to arrange their assets at home. The centre saw inquiries triple in a year.

State news agency Xinhua reported on Monday that an 18-year-old student known as Xiaohong (a pseudonym) went to the Centre’s Shanghai branch to prepare a will that deals with 20,000 yuan (US$3,000) in assets.

The freshman said she is treating life more seriously from now on because: “writing a will is not the end. It marks a new beginning”.

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She said she decided to give her savings to a friend who helped and supported her during a difficult period, adding that she will update the will when she has more assets in the future.

The report shows that more than 80 per cent of young people prepare a will to deal with savings, while at least 70 per cent deal with real estate as well. Others deal with virtual assets such as social media accounts.

Before writing a will, the centre will need to check will writer’s eligibility, including paperwork and overall health. It usually takes two appointments to complete the will.

The China Will Registration centre is a charity programme founded in 2013. It provides free will writing services to anyone aged above 60, with 11 branches and 60 service posts across China.

Yang Yingyi, director of the China Will Organisation in Guangdong, told the state broadcaster CCTV that the coronavirus pandemic pushed many young Chinese to think about death.

“During the pandemic, young people started to think more. They are wondering what would happen to their assets if they die and who would look after their parents and children,” Yang said.

Xiaohu (pseudonym), a resident in the southern city of Guangzhou in her late 20s, told CCTV that she felt “much safer” after writing a will. She said she valued people and relationships more than assets and wanted to give back in the event of her death.

“The will helps provide a safety net to my family,” Xiaohu said. “Now I can chase after things I want to do.”

Chinese law stipulates that anyone aged above 18 can write a will, while people from age 16 can if they have an independent income.

However, will preparation remains a taboo subject for many in China due to a societal aversion towards discussions about death, said Chen Kai, the director of the centre’s management committee, in an online Q&A session in late March.

In China, the average age of a will writer is 67, more than double compared to European countries.

“Writing a will is not the same thing as death. It might be too late to prepare a will when someone’s health is deteriorating,” Chen said, adding that the centre had to reject many cases due to the poor health of the will writer.

https://sg.news.yahoo.com/coronavirus-pandemic-pushes-more-young-085355175.html

Category: China

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This is not a CAPTIS article. Originally, it was published here.