“Thank you， Dad， for leaving me so much．” He inherited five apartment buildings that were supposed to bring in about 3 million yen in monthly rent， but things suddenly turned to ruin．
A will records the wishes of the deceased. When a will is left from parent to child, it will likely contain information about who will inherit the property left to the child. However, there are some inheritances that people regret not accepting… In this article, Yohei Ogawa, a certified financial planner at FP Consultation Net, will explain the case of Mr. Kamata (pseudonym) and the points to be aware of when it comes to inheritance. Death of 90-year-old father…unexpected inheritance Ryohei Kamata (pseudonym/67 years old) and his wife are living an early retired life. He retired from the company he had worked for for many years at the age of 60, and received a retirement bonus of 20 million yen in addition to the 10 million yen in assets he had accumulated up to that point.Initially, he also lived on his pension, which was advanced, so he received 240,000 yen per month. About five years ago, when Kamata was 62 years old, Ryohei’s father, Sadao (pseudonym/90 years old), passed away. Despite his advanced age, he remained in good health until just before his death, working in the fields and preparing his own meals, but one day, early in the morning, he suffered an acute myocardial infarction. After receiving an emergency call from his distressed father, Kamata immediately called an ambulance, but his father passed away at the hospital. After my sister Hiromi (not her real name) and I had a moment to catch our breath after my father’s funeral, we discovered that my father had left behind a will. My father’s assets consisted of about 20 million yen in cash and five apartment buildings that he owned. Perhaps my father thought it would be difficult to divide the real estate, so in his will he specified that my older sister Hiromi would inherit all of the cash and deposits, and that the five apartment buildings would go to Mr. Kamata. This is how Kamata ended up inheriting his father’s real estate. Although I had almost no knowledge about real estate investment, I was ecstatic to inherit a property that would bring in rental income of about 3 million yen per month when fully occupied. “My dad left a really good legacy. “Thank you for leaving so much for us,” I said, expressing my sincere gratitude to my father. With this unexpected source of income, Kamata’s standard of living has improved, he is able to eat out more often and travel more frequently, allowing him to enjoy his retirement without worrying about money. Source below.
My sister said she’s giving up her inheritance, saying she doesn’t need the 50-year-old rundown house and the 265m2 piece of land, and that her husband is the chairman of a general hospital and has plenty of money.
>>20 That was true. Furthermore, the number of tenants decreased due to aging, and when the rent was lowered, low-income people moved in and there were many problems.
>>21 My relatives built an apartment when they had a high income and planned for their retirement, but now they’re having trouble with things like aging, falling rents, and bad tenants who aren’t paying their rent.
That sure sounds like a lie… If you were in this position, wouldn’t you start studying about apartment management? I wonder if both the husband and wife are empty-headed.
He probably just got carried away and spent too much money. If he inherited that much, there would normally be one or two people who would have advised him, but he probably didn’t have the popularity to do so.
“3 million! I spent all the money on travel and hobbies” “It’s hard to pay for repairs and taxes” I was surprised to find out that the editor of the article is a real person.
I don’t know the timeline so I can’t say for sure, but did they manage the property without leaving it to a management company or studying about it? It seems a little unlikely, but they probably hired a tax accountant, so were they just left without advice?
This is a common pattern seen in articles about people who have made money from virtual currency, such as not knowing about the deferred tax system and spending all their money first, which ends up bankrupt.
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