Major banks have begun efforts to designate relatives as "agents" and allow financial institutions to trade on behalf of elderly people who have difficulty withdrawing deposits due to dementia.
Mitsubishi UFJ Financial Group, a major financial company, started a procedure on the 22nd to pre-designate an agent to trade on behalf of elderly people with dementia at its affiliated banks and securities companies.
As a general rule, the agent is a relative of the person, and only when the doctor's medical certificate confirms that the person cannot make a transaction, he / she can withdraw deposits or sell shares.
In principle, if the person's intention cannot be confirmed, deposits cannot be withdrawn, and financial institutions are required to use the "adult guardianship system" to act as a legal agent for transactions.
However, because the procedure is laborious and costly and has not spread, the Japanese Bankers Association last month made a deal even if it was not a legal agent, only when it was necessary to withdraw the deposit to pay medical expenses. We have put together a guideline to enable you.
Kazumasa Izumi, Senior Investigator of Bank of Tokyo-Mitsubishi UFJ, said, "In the future, it is estimated that one in five elderly people will have dementia, and the needs of agents will increase. Not only legal systems but also financial services It is necessary to complement as. "