Trinity Technology, the "Smart Family Trust" Company, Forms Business Alliance with Internet Infinity Business Alliance with Internet Infinity

2023.08.02 09:30

トリニティ・テクノロジー株式会社

Trinity Technology, Inc. (located in Minato-ku, Tokyo; CEO: Kazuhiro Ma; hereinafter referred to as "the Company"), a provider of "Smart Family Trust" and other products, has entered into a business alliance with Internet Infinity, Inc. (Location: Shinagawa-ku, Tokyo; President: Keiichi Betsumiya; hereinafter referred to as "Internet Infinity").

Smart Family Trust: https://sma-shin.com/

Smart Family Trust × Internet Infinity

Comments on the alliance

Keiichi Betsumiya, President and Representative Director, Internet Infinity, Inc.

Our company operates "Wakaru Kaigo Biz," which supports working-age people who are burdened with and anxious about caring for family members, with the aim of helping them balance work and nursing care.

With the rapid aging of the population, one of the issues that is troubling the clients of "Wakarukai-Kigo Biz" is that of "money" for the parents' generation who have dementia. We believe that Trinity Technology's "Smart Family Trust," which provides continuous follow-up services from the beginning of the contract to the end of the contract when inheritance occurs or the contract is terminated, will greatly contribute to the elimination of anxiety and stabilization of the lives of "Wakarukai-Kigo Biz" customers.

Kazuhiro Osamu, CEO of Trinity Technology, Inc.

We are pleased to announce that we have entered into a business alliance agreement with Internet Infinity.

Internet Infinity has been solving issues related to nursing care by developing services such as "Care Management Online," a silver marketing support service, and "Wakaru Kaigo Biz," a support service for balancing work and nursing care, in order to provide information necessary for those involved in nursing care.

Through this business alliance, we will support the company's clients in resolving their concerns related to estate management and succession of assets.

We will continue to actively pursue alliances with businesses in the nursing care field to resolve issues related to the management and succession of the assets of the elderly.

Social Background: The Super-aging Society and the Problem of Frozen Assets

Japan is facing a major social issue of "frozen assets due to dementia" as a result of the arrival of a hyper-aged society.

The increase in the number of elderly people combined with the rise in average life expectancy has led to an estimated 6.3 million people with dementia in 2020, and this number is expected to exceed 10 million by 2050. 1

Dementia causes people to enter a state of "frozen assets" where they are unable to withdraw their savings or sell their homes.

It is estimated that about 12.9% of total household financial assets (about 237 trillion yen) will be held by people with dementia by 2040*2, and the problem of frozen assets has become a pressing social issue in Japan because of the significant loss of asset liquidity.

Growing Expectations for Family Trusts

Against this backdrop, a new countermeasure to the problem of frozen assets, "family trusts," a system for trusting, managing, and passing on assets among family members, began to attract attention around 2016.

Family trusts are a mechanism that allows family members to avoid the risk of frozen assets by concluding a trust agreement among family members and transferring the right to manage assets to the children's generation while the parents are still healthy, and can even take charge of the division of the estate after inheritance.

On the other hand, there are some major operational challenges.

For example, one of the most common problems is that most family trusts in the world only provide professional support at the entrance to the trust at the time of its establishment, and do not provide continuous support after its establishment.

Family trusts are a legal system based on the Trust Act, and Article 37 of the Trust Act obliges the trustee to prepare books and records, preserve receipts, and prepare an annual report.

However, many family trusts fail to fulfill their fiduciary duties because there is no expert to provide continuous support to the users, and the risk of misappropriation of assets by the fiduciary has been pointed out.

The risk of misappropriation of property by the trustee has been pointed out. Smart Family Trusts" - The Asset Infrastructure for the Era of 10 Million Elderly People with Dementia

In order to solve the problem of frozen assets due to dementia, we offer the "Smart Family Trust" service to promote the proper use of family trusts.

Smart Family Trust is the first service in Japan that combines consulting and SaaS products, allowing professionals to not only provide consulting on the formation of family trusts, but also to easily manage the money and assets in trust via an application after the trust agreement is concluded.

With continuous support by experts such as judicial scriveners and a system that includes API linkage with trust account accounts, the service greatly reduces the time and effort required to manage family trusts, while at the same time safely managing family assets.

Through the Smart Family Trust, we aim to eliminate the number of people suffering from frozen assets and solve a huge social problem in Japan by promoting the proper use of family trusts throughout Japan.

Company Profile

Company name: Trinity Technology, Inc.

Location ： 1F Yamaguchi Building, 2-1-1 Shinbashi, Minato-ku, Tokyo

Establishment ： October 30, 2020

Representative Director & CEO: Kazuhiro Osamu (Judicial Scrivener)

Group Companies ： Judicial Scrivener Trinity Group, Inc,

　　　　　　　 Trinity Group of Lawyers,

　　　　　　　 Gyoseishoshi Scrivener Trinity Group

Group foundation : July 1, 2009

Company URL ： https://trinity-tech.co.jp/

Business Description:

Family trust service "Smart Family Trust