Actor Former Won-ju (87) revealed that he gifted half of his property in advance to prevent inheritance disputes among his children after his death.
Former Won-ju is scheduled to appear on the episode "Inheritance War: The Time Left for the Family" of MBC's documentary program "PD Notebook," airing on the 6th, where he will disclose his inheritance plan.
Former Won-ju is known to hold assets worth approximately 4 billion won, including stocks, gold, and real estate. He has long worried about potential inheritance conflicts among his children after his death, saying, "I wonder if my two sons will fight over money when I'm gone."
After much deliberation, Former Won-ju revealed that he had gifted half of his property to his two sons in advance. However, he added a pointed piece of advice: "If I give it all away now, I won't receive filial piety," stating that he must hold onto the remaining assets until the end.
Like Former Won-ju's concerns, family conflicts over the property of deceased parents are on the rise. Last year, 3,612 claims for division of inherited property were filed in courts nationwide, a fivefold increase compared to about 10 years ago, marking an all-time high.
However, cases where individuals clearly state their intentions regarding inheritance during their lifetime, like Former Won-ju, are rare. Due to cultural taboos against mentioning the fate of parents, it is reported that fewer than 1% of approximately 350,000 deaths per year result in a notarized will being left behind.
In particular, so-called "dementia money," referring to assets difficult to manage due to cognitive decline, is projected to increase from 154 trillion won in 2023 to 488 trillion won by 2050.
The broadcast will also feature stories of other families who have engaged in legal disputes over inheritance, in addition to Former Won-ju's case.
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