Sumitomo Mitsui Trust Bank Launches "Specialized Institution Introduction Service" for Inheritance Procedures Involving Overseas Assets

Sumitomo Mitsui Trust Bank, Limited (President and CEO: Manabu Yoneyama, hereinafter "the Company") announced today that it will launch a service on April 1, 2026, to introduce customers who hold overseas assets to specialized institutions with expertise in overseas asset inheritance procedures, in order to address consultations regarding such procedures.

1. Purpose and Background

The Company has traditionally provided estate settlement services to facilitate inheritance procedures, but these services have been limited to domestic assets and did not cover overseas assets. Recently, due to the diversification of investment destinations, there has been an increase in cases where inheritance occurs while individuals hold overseas financial assets, real estate, and other properties. Inheritance procedures for overseas assets differ in systems and tax laws from country to country, leading to continuous feedback from customers such as:

• "I don't understand the procedures in each country."

• "It's difficult to foresee the timeline of the procedures."

• "I want to consult with or entrust a specialist."

In response to these needs, the Company has established a system to introduce external specialized institutions for inheritance procedures involving overseas assets, and will broadly respond to customer consultations regarding inheritance procedures.

2. Overview of the Service

(1) Service Details

Specialized institutions will provide support for overseas asset inheritance procedures through their international networks. The scope of support will be based on the contract with the specialized institution.

• Leveraging international practical knowledge and legal expertise in approximately 80 countries and regions worldwide, to handle procedures for diverse overseas assets and regions.

• Specialists will provide necessary support for complex systems that differ by country, from tax and legal perspectives.

(2) Procedure Flow

① Consultation at our Company's counter

② Submission of introduction request form

③ Direct contact and interview with the customer by the specialized institution

④ Upon agreement to the contract terms, the customer and the specialized institution directly conclude a mandate agreement

⑤ Commencement of inheritance procedure support according to each country's system

(3) Important Notes

• The Company only provides introductions to specialized institutions and does not act as an agent or intermediary for contract conclusion.

• The mandate agreement must be concluded directly between the customer and the specialized institution.

• Depending on the asset content, country of location, etc., some cases may not be handled.

3. Our Role

The Company has established a system to introduce specialized institutions for inheritance procedures related to overseas assets, and has created an environment where it can provide services of a certain quality, even for assets that were previously handled individually. Through this collaboration with specialized institutions, the Company will contribute to customers' smoother asset succession. The Company will continue to provide optimal consulting to achieve customers' "Financial Well-being."