Solutions Leading to Long-Lasting
Satisfaction |
| The three principles of effective estate planning are: (1)
satisfactory settlement of inheritance (legacy division);
(2) manageable tax payments (through appropriate financing
for tax payments including payment-in-kind); and (3) tax savings.
The priority order of the three principles should be in the
order as they have been stated. Tax savings come last. We
suggest plans with a long-term perspective, considering not
only the first inheritance but also the second inheritance,
and pay attention to the varied impacts such events could
possibly have on inheritors (i.e., family members) with respect
to their living and financial conditions, among others. Estate
planning will be more effective when it is conducted before
inheritance processes are started, and the longer the preparation
period becomes, the easier it will be to assure the efficacy
of a plan. Therefore, we would recommend early consultation
if you are concerned about inheritance issues. |
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Focus of Our Solutions ■
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| 1. |
Preparation of Wills and Waiver of Elective Shares |
| 2. |
Prevention of Inheritance Disputes and Securing of
Funds Through the Optimization of Property Mix |
| 3. |
Utilization of Lifetime
Gifting and Final Tax Adjustment & Charging
System of Succession |
| 4. |
Disposition of Lands, Tenant Rights, and Land Lease
Rights for Inheritance Plans |
| 5. |
Effective Use of Real Estate |
| 6. |
Tax Advice on Legacy Divisions |
| 7. |
Tax Saving Strategies by Authorized Deferred Payments,
Payments-in-Kind and Other Methods |
| 8. |
Appraisal of Market Value for Fair Property Valuation |
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Question #1
Have you written your will? |
Question #2
Have you separated property to be inherited by heirs from
those to be used for tax-payment purposes? |
Question #3
Do you know the amount of inheritance tax payable, in case
your property should be inherited now? |
Question #4
Do you have enough funds available to make the tax payments? |
Question #5
Do you know that the appraisal value of your property for
the purpose of inheritance tax calculation is not necessarily
equal to its market value? |
Question #6
Do you know that the amount of inheritance tax on your estate
will greatly vary depending on your legacy-division process? |
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First
of all, it is important to analyze your current
situation and understand the underlying issues.
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Our
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