
Lifestyle May 19, 2019
As seniors worry about leaving the burden of unwanted possessions to relatives upon their death, more are learning to use flea market apps to declutter early.
As seniors worry about leaving the burden of unwanted possessions to relatives upon their death, more are learning to use flea market apps to declutter early.
Regional banks fight for inheritance to ensure their survival
Where there's a will, there's a way. That's what banks across Japan are counting on as they try to keep hold of the ¥50 trillion in wealth left by their customers each year when they die. With more than a million Japanese dying annually, smaller ...
Unclaimed land plots already occupy an area the size of Kyushu and the problem will continue to grow unless the government takes steps to resolve it.
In graying Japan, securities firms target seniors' assets with end-of-life services
Securities firms have been expanding services recently for shūkatsu (end-of-life preparations), as a marketing strategy to appeal to elderly customers. The securities houses aim to attract the elderly along with their financial assets by providing advice not only on investment but also on inheritance and ...
The government needs to take measures to deal more effectively with land plots that remain unregistered.
Resorting to adoption to avoid inheritance tax
Revisions to the inheritance tax went into effect in 2015, and related statistics for that year were recently made public by the National Tax Agency. The main change had to do with the basic deduction. Before 2015 the deduction equaled ¥50 million plus ¥10 million ...
Some Civil Code provisions regarding inheritance date all the way back the Meiji Era. It's time to bring them into the 21st century.
Tax-free gifts unlocking retiree savings
Shoko Iwasaki looked for years for a tax-free way to pass down a lifetime of savings to her grandson. Prime Minister Shinzo Abe has offered the 71-year-old an answer with a program now helping unlock pensioners' hoarded wealth. "I'm so grateful for this tax measure, ...
The Cabinet approved a bill Tuesday to amend the Civil Code so that it will grant the same inheritance rights to legitimate and illegitimate children in line with a Supreme Court decision in September, but critics say it falls short. The Diet is expected to ...
It is unfortunate that it took so long for the Supreme Court to declare unconstitutional a Civic Code provision that discriminated against children born out of wedlock.
Top court shoots down unequal inheritance rights
In a landmark ruling, the Supreme Court declares unconstitutional the Civil Code clause that denies full inheritance rights to heirs born out of wedlock.
As an insurance salesman in Tsushima, Aichi Prefecture, Hisao Ito, 55, has seen times when family members and relatives fight over inheritances. To reduce such disputes, Ito established the Japanese Inheritance Association, bringing together lawyers, tax accountants and judicial scriveners to study past cases. The ...