RetireJapan

adamu wrote: ↑Sun Apr 21, 2024 2:28 pm Apparently the odds of being struck by lightning in a lifetime are in the 1:10,000s

Happy to contribute to the discussion

Tsumitate Wrestler wrote: ↑Mon Apr 22, 2024 12:43 am I am certainly not changing my approach radically.

I simply will:

1. Get a signed contract between my mother-in-law and children. My mother-in-law takes this stuff pretty seriously, lol.

2. Inform my child upon taking over the account of the outside chance of complications, and arm them with a copy of said contract.

That is it. However, I do find #1, which is discussed on many many Japanese tax blogs, pretty funny.

sutebayashi wrote: ↑Tue May 28, 2024 7:45 am

sutebayashi wrote: ↑Tue May 28, 2024 7:44 am

Tsumitate Wrestler wrote: ↑Mon Apr 22, 2024 12:43 am I am certainly not changing my approach radically.

I simply will:

1. Get a signed contract between my mother-in-law and children. My mother-in-law takes this stuff pretty seriously, lol.

2. Inform my child upon taking over the account of the outside chance of complications, and arm them with a copy of said contract.

That is it. However, I do find #1, which is discussed on many many Japanese tax blogs, pretty funny.

I was reading a sozokuzei book about this again, and a sample contract for this situation was one of the things in the book.

The first clause in the contract template says that the money will be gifted by such and such a method,
The second clause that says that the kid’s parents will manage the money until the child comes of age.
(The parents and giver sign, not the kid)

I might be doing something like this myself, but with my non-Japanese relative, but if the gist of the agreement is written in English I would presume it should be ok.

Tsumitate Wrestler wrote: ↑Tue May 28, 2024 9:13 am Would you kindly throw up a snap of that sample contract?