Family trust and will service enable you to safely plan for the transmission of your assets.
The trust scheme gives you better control and helps secure valuable family assets, even where your planned process is simple asset transmission to family members.
With regards to estate planning, trust services encompass family trust, under which a client may at any time designate a beneficiary, as well as the specific timing and amount regarding asset distribution to that beneficiary. In the case of business succession, shareholdings can be entrusted to Societe Generale Private Banking Japan, allowing the Bank to act on the shareholder’s behalf at shareholders’ meetings, based on the specific instructions of that shareholder. When the designated family member becomes eligible to take control of the assets, or when inheritance begins, the Bank transfers the rights to the designated beneficiary, based on the individual client’s instructions.
Although writing a Last Will and Testament is a common practice to specify the amount of inheritance to each successor and the way assets are distributed, it may not be executed as intended given a serious dispute among family members. As trustee, Societe Generale Private Banking Japan manages your assets according to your instructions until succession begins.
Given specific needs, Societe Generale Private Banking Japan is also able to set up and manage a Special Donation Trust and Charitable Trust.