Hello everyone, thank you so much for keeping up with my series about getting a `Will & Testament` created in Japan. In November 2018, I had an appointment with two ‘notaries public’ in Tokyo to discuss creating my ‘Will & Testament’ and ‘After Death Services’ Contract in Japan.
I have already completed my ‘Will & Testament’ and will get it notarized soon; therefore, in this blog post, I will give you a step by step process to create your ‘After Death Services’ Contract. The ‘Will & Testament’ will be used to allocate assets, such as bank accounts and real estate. In contrast, the `After Death Services` Contract will be used to repatriate my (dead) body back to the USA. At my appointment with the aforementioned notaries public, I had my Japanese interpreter to interpret during the meeting. These are the steps one must take to create his or he ‘After Death Services’ Contract in Japan. The most important thing to remember is that this service is prepaid!!!
Step 1: I should create a contract which is called a ‘After Death Services’ Contract. Since, I want to take care of my assets (the `Will & Testament` will take care of this) and my body after I die (the `After Death Services` Contract will take care of that), the notaries public stated that I need a ‘Will & Testament’ and a ‘After Death Services’ Contract, too. This second contract would handle the relocation of my dead body back to the United States.
In the `After Death Contract,` it needs to state the funeral home that will be handling the embalming and transportation my body when I die. The notaries public will pay the funeral home the expenses for my body being sent back home from the ‘trust fund’ that I will create with the notaries public. This will be discussed later on in this blog post. They stressed that it is important to have this contract because without it my lawyer is not `legally` responsible to get my body back home.
Step 2: In addition, this after death service contract will need to be notarized.
Step 3: Once the ‘After Death Contract’ is created and notarize, then I would need to create a special account (trust fund). This trust fund is where the money will be held to take care of my body once I die.
Step 4: Create the ‘trust fund’ and put the prepaid money into the trust so that the notaries public so that my dead body can be sent back to the United States. This ‘trust fund’ will be with Rakuten Bank. Rakuten Bank is a very famous Japanese online services company, similar to Amazon, which also has banks in Japan. The notaries public also noted that after I have completed steps 1, 2, and 3 that I would have one month to put all the money into that trust account.
Cost of Total Fees
The ‘After Death’ Contract fee creation fee is ¥100,000.
To get contract notarized it is ¥30,000.
The processing fee is ¥50,000.
The creation of the ‘trust fund’ with Rakuten Bank is ¥280,000.
It costs ¥48,000 to create the trust fund.
The funeral home charges, such as the embalming and relocating my body back to the USA is about ¥500,000.
In total, the estimated fee is about ¥1,000,000 million or $10,000. This money needs to be paid upfront!!!
Thank you for reading this Blog Post and for following the `Will & Testament` Series. So, here are some questions that I have for you:
Do you have a `Will & Testament` in Japan?
Do you have an `After Death Services` Contract in Japan?
Are you single in Japan? If so, who will receive your assets and real estate?
Are you married in Japan? If so, who will receive your assets and real estate?
You can learn more about this process my radio show below:
BLACK BOSS RADIO
November 22nd, 2018
BLACK BOSS Radio-Topic: Will & Testament in Japan, having Boundaries with Private English Students, and Dealing with other `want to be Experts` not in the niche as a BLACK BOSS
https://www.facebook.com/champagne.oden/videos/10161059241310285/
References
U.S. Embassy & Consulates in Japan (2018). Citizen Services Death of a U.S. Citizen. Retrieved from https://jp.usembassy.gov/u-s-citizen-services/death-of-a-u-s-citizen/
Smartly made in NYC. Inheritance Law in Ohio. Retrieved from https://smartasset.com/estate-planning/ohio-inheritance-laws
Oden, C. (2018). Getting a Will & Testament in Japan Part 2. Reterived from https://privatejapan.weebly.com/blog-page/getting-a-will-testament-in-japan-part-2
Oden, C. (2018). Getting a Will & Testament in Japan Part 2. Reterived from https://privatejapan.weebly.com/blog-page/getting-a-will-testament-in-japan-part-3
I have already completed my ‘Will & Testament’ and will get it notarized soon; therefore, in this blog post, I will give you a step by step process to create your ‘After Death Services’ Contract. The ‘Will & Testament’ will be used to allocate assets, such as bank accounts and real estate. In contrast, the `After Death Services` Contract will be used to repatriate my (dead) body back to the USA. At my appointment with the aforementioned notaries public, I had my Japanese interpreter to interpret during the meeting. These are the steps one must take to create his or he ‘After Death Services’ Contract in Japan. The most important thing to remember is that this service is prepaid!!!
Step 1: I should create a contract which is called a ‘After Death Services’ Contract. Since, I want to take care of my assets (the `Will & Testament` will take care of this) and my body after I die (the `After Death Services` Contract will take care of that), the notaries public stated that I need a ‘Will & Testament’ and a ‘After Death Services’ Contract, too. This second contract would handle the relocation of my dead body back to the United States.
In the `After Death Contract,` it needs to state the funeral home that will be handling the embalming and transportation my body when I die. The notaries public will pay the funeral home the expenses for my body being sent back home from the ‘trust fund’ that I will create with the notaries public. This will be discussed later on in this blog post. They stressed that it is important to have this contract because without it my lawyer is not `legally` responsible to get my body back home.
Step 2: In addition, this after death service contract will need to be notarized.
Step 3: Once the ‘After Death Contract’ is created and notarize, then I would need to create a special account (trust fund). This trust fund is where the money will be held to take care of my body once I die.
Step 4: Create the ‘trust fund’ and put the prepaid money into the trust so that the notaries public so that my dead body can be sent back to the United States. This ‘trust fund’ will be with Rakuten Bank. Rakuten Bank is a very famous Japanese online services company, similar to Amazon, which also has banks in Japan. The notaries public also noted that after I have completed steps 1, 2, and 3 that I would have one month to put all the money into that trust account.
Cost of Total Fees
The ‘After Death’ Contract fee creation fee is ¥100,000.
To get contract notarized it is ¥30,000.
The processing fee is ¥50,000.
The creation of the ‘trust fund’ with Rakuten Bank is ¥280,000.
It costs ¥48,000 to create the trust fund.
The funeral home charges, such as the embalming and relocating my body back to the USA is about ¥500,000.
In total, the estimated fee is about ¥1,000,000 million or $10,000. This money needs to be paid upfront!!!
Thank you for reading this Blog Post and for following the `Will & Testament` Series. So, here are some questions that I have for you:
Do you have a `Will & Testament` in Japan?
Do you have an `After Death Services` Contract in Japan?
Are you single in Japan? If so, who will receive your assets and real estate?
Are you married in Japan? If so, who will receive your assets and real estate?
You can learn more about this process my radio show below:
BLACK BOSS RADIO
November 22nd, 2018
BLACK BOSS Radio-Topic: Will & Testament in Japan, having Boundaries with Private English Students, and Dealing with other `want to be Experts` not in the niche as a BLACK BOSS
https://www.facebook.com/champagne.oden/videos/10161059241310285/
References
U.S. Embassy & Consulates in Japan (2018). Citizen Services Death of a U.S. Citizen. Retrieved from https://jp.usembassy.gov/u-s-citizen-services/death-of-a-u-s-citizen/
Smartly made in NYC. Inheritance Law in Ohio. Retrieved from https://smartasset.com/estate-planning/ohio-inheritance-laws
Oden, C. (2018). Getting a Will & Testament in Japan Part 2. Reterived from https://privatejapan.weebly.com/blog-page/getting-a-will-testament-in-japan-part-2
Oden, C. (2018). Getting a Will & Testament in Japan Part 2. Reterived from https://privatejapan.weebly.com/blog-page/getting-a-will-testament-in-japan-part-3