Donation of heritage after death Seminar for thinking about the “belief” system November 27, Tokyo, 15:52
After making your own will and making your own will, donating heritage to NPOs, etc. is not as popular in Japan as in Europe and the United States where donations are popular. A seminar was held in Tokyo on the 27th to learn about the “belief” system.
A bequest is a system in which a legacy such as money or real estate is not inherited by a family, but a will is created and donated to an NPO or a local government. The seminar on the 27th is interested in bequests for many people. Sumitomo Mitsui Trust Bank has opened.
First, support groups for children with intractable diseases and people with dementia who needed funds explained the details of their activities and complained that “many organizations are in trouble with operating funds”.
Subsequently, the person in charge at the trust bank, which is responsible for inheritance, explained that if the bequest was made, the assets subject to the inheritance tax would be reduced and the tax burden would be reduced.
Although there are still fewer people who donate in Japan compared to the Western countries where donations are prosperous, there is an increase in the number of single elderly people who have no children to inherit their property, and there is a growing awareness that they want to contribute to society. Trust banks expect that bequests will increase in the future.
A 90-year-old man said, “I don't have children and I live with two couples, so I want to think about contributing to society if I have excess assets.”
Mr. Naofumi Tamura, Senior Researcher, Sumitomo Mitsui Trust Bank, said, “Because interest in bequests is growing, we want to make use of our financial know-how to send money where it is needed.”