Shoko Iwasaki looked for years for a tax-free way to pass down a lifetime of savings to her grandson. Prime Minister Shinzo Abe has offered the 71-year-old an answer with a program now helping unlock pensioners’ hoarded wealth.
Japan’s trust companies plan to assist rebuilding in areas destroyed by the March 11 earthquake and tsunami by providing advice on property ownership, said Takashi Nonaka , the new chairman of the association.
Withers LLP (known as Withers Bergman LLP in the U.S.) named Ivan A. Sacks global chairman as of July 1. He succeeded Anthony Indaimo, who stepped down after serving the firm’s maximum of two terms as chairman.