If you’re living abroad, you will likely have accumulated assets in various jurisdictions throughout your lifetime. When you pass away, things are likely to get very complicated and costly for your loved ones if there have been no plans or preparations made to pass on your assets. Estate planning is vital for foreign residents in Japan, where inheritance taxes are high, and Wills and Trusts‘ treatment is different compared to other countries.
Having a structured and legally recognized estate plan will allow you to organize and decide how your wealth will be distributed when you pass away. It will also remove unnecessary emotional stress and financial burden from your loved ones.