RetireJapan

I just caught the middle 30 minutes of the CCCJ - What You Need To Know About Estate Planning Zoom Presentation. However, they recorded it and I will review it once it is released.

Some highlights for everyone (not Canadian specific).

A. They stressed have separate wills for Japan and you home country, regardless of the specific laws in your home country about ping-poning jurisdiction.

B. They stressed the importance of having a Japanese executer living in Japan, and a home country executer when ever possible

C. They stressed being very careful about Trusts, when it comes to assets outside of Japan. Foreign trusts should not own Japanese assets. Apparently there are horror stories of assets being locked up and inaccessible by any party as Japan would not recognize a foreign trust and it`s supposed beneficiaries.

https://www.cccj.or.jp/events/hybrid-wh ... nderstand

If that would just happen to turn into a blog post, I would love to run it

It was paid event and they asked us not to share the video or handouts. However, I would fell okay with sharing the info with someone more knowledgeable who might be able to pick out the important elements for the community. (I do not feel I got my whole 1000 yen worth!)

The advice I highlighted above seems to be the most crucial thing. If you have assets in both countries have specific will, and specific executers. Avoid crossing assets. Avoid trusts with Japanese assets at all costs.

Even if you largest asset in Japan is only a bank account you need a will, otherwise Japanese law has an automatic formula for distribution and it can get complicated for those under 20 , or those abroad.

The automatic inheritance distributions laws in Japan are pretty interesting, I need to watch the video again (bad audio/masks).