Trust banks have also provided key services to foreign corporations. Appraisal services - Trust banks make appraisals on behalf of clients, related to transactions involving the exchange of land and buildings. These services range from planning businesses to managing buildings after they come into operation. To meet these needs, trust banks accept testamentary trusts in the form of a will, and manage and administer the entrusted assets in accordance with the instructions in wills. Furthermore, they offer services involving the safekeeping of wills, their execution, and settlements of inheritances.
Charitable trusts vary broadly in terms of their intended purpose.
For example, some charitable trusts promote promotion of education, some support research, and social welfare. A total of 65,480 grants worth 21 billion yen have been paid out for a number of causes. Trust banks manage the entrusted assets and periodically pay out the profits in cash to such persons them pay for their daily and medical expenses. Its name was changed to the Trust Companies Association of Japan in 1923 when the Trust Act and the Trust Business Act came into force. In January 1926, the association changed its legal status into that of an incorporated corporation.