Japanese Trust Law No2 Self-Declaration of Trust

There is no probate procedure in Japan as I mentioned on Oct.14th, 2008(Japanese Trust Law No.1).
Therefore some lawyer takes the ground that, in most cases, the self- Declaration of Trust is not needed and just the written will suffice as estate planning except Japanese springing power of attorney for finance (Seinen-Koken-nin).
But, the property management function of trust is very useful and they are with me on that.

A college professor said, “In order for the trust property to be managed flexibly, the self-Declaration of Trust may be needed, if the settler is appropriate to the property manager.” （in a Judicial Affairs Committee on Oct.31,2006）.