See, famous and wealthy Palm Beach residents are not the only ones struggling with estate taxes and how to leave an inheritance to their kids.
Japanese: Planning for Probate and Billions in Wealth Shift
- A recent report from Reuters suggests that Japan is dealing with a massive wealth shift of billions of dollars in inheritances
- The need for estate planning services and management of those inheritances, perhaps through the use of family trusts or revocable trusts, has increased
- During a recent holiday praising and honoring their elders, some Japanese families and heirs may use that time to also discuss probate, inheritance and how to pay for that expensive estate tax, whose rate is supposed to go up
Can Japan Learn from Palm Beach Probate?
- Our allies across the globe may learn a few lessons from Palm Beach probate lawyers
- Florida Estate Attorneys from Boca Raton to Jupiter, Florida know that a revocable trust, also called a revocable living trust, may be a simple, and inexpensive way to go
- There are also ways to avoid probate in Palm Beach County that may work in Japan
- Finally, good Florida probate lawyers will discuss how the heirs and family members will use, or mis-use, the inheritances coming their way.
- Question: Should a family trust or an irrevocable trust be used?
- Is Japanese trust law as advanced or cutting edge as the Florida Probate Code, which probate lawyers fix up and improve each legistlative session through initiatives and bills which can become new Florida probate law?
To read more about this: http://www.reuters.com/article/2014/08/28/japan-inheritance-idUSL4N0QK1JD20140828