A former external director of a company listed on the Tokyo Stock Exchange and a specialist who graduated from a US law school will prepare your will. It is possible to prepare a will in Japanese only, or a will in Japanese and English. A will prepared in accordance with Japanese law may also be valid in overseas courts, so please contact us if you have overseas assets and would like to prepare a will in accordance with Japanese law.
If you do not make a will, you will have an intestate succession, and the heirs will have to discuss between themselves and draw up a written agreement on the division of the estate, but there is a possibility that there will be disputes over who inherits which assets at this time. You don't want to have disputes between relatives, so we strongly recommend that you make a will while you are still alive.
There is also the concept of a 'residual share', so you also need to be careful about how you distribute assets in your will. For example, if there are three heirs, A, B and C, and you only want to have A inherit all of your assets, B and C have the right to inherit a share of the assets as stipulated by law, so if B and C claim their residual share, you will not be able to have A inherit all of your assets. Of course, this can also cause conflict between relatives. It is necessary to decide on the distribution of assets while giving due consideration to the right of inheritance.
There are two types of wills: a handwritten will and a notarized will. As the name suggests, a handwritten will is a will that is written entirely by hand. The attached property inventory can be created on a computer, etc., but the person's signature and seal are required.
Since a handwritten will is written by hand, there are no costs other than the professional fee, but there is the risk of loss or tampering. On the other hand, a notarized will has a notary fee in addition to the professional fee, but the notary office keeps it for you, so there is no risk of loss or tampering. As you can see, there are advantages and disadvantages to each method, so we recommend that you choose the method that best suits your situation. Also, there is now a service where the Legal Affairs Bureau will keep your handwritten will for a fee, so if you use this service, there is no risk of it being lost or tampered with, and the fee is very cheap at 3,900 yen, so we recommend it.
Our firm's fee: 100,000 yen (excluding tax) - (excluding notary and Legal Affairs Bureau fees)
Contact
OGAWA Administrative Law Firm (Gyoseishoshi)
(The specialist is a former outside director of a listed company and a graduate of a US law school)
Email: tomoharu_ogawa@adminlaws.com
Introduction of Professional
Tomoharu Ogawa
Administrative Lawyer (Gyoseishoshi)
Work Experience:
October 2019 - Established OGAWA Administrative Law Firm (Gyoseishoshi)
September 2016 - Joined OPTIMUS GROUP Co., Ltd.
April 2008 - Joined Sumitomo Real Estate Sales Co., Ltd.
EDUCATION:
Temple University Law School, Beasley School of Law (August 2022)
Graduated from Keio University Faculty of Law (March 2008)
CREDENTIALS:
Administrative Lawyer (Gyoseishoshi)
TOEIC 950
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