The number of people who die each year without having written a Will sits at an alarming level, resulting with undesired succession, family conflict, unnecessary tax liabilities and a complicated and time-consuming probate and estate administration process.
Writing a Will is one of the most important tasks an individual should undertake in their lifetime and needn’t be complicated but it too often it is overlooked. Estate and inheritance planning including the incidence of taxation is often a vital part of the process of drafting of a Will and through our qualified team of professionals we are able to provide concise relevant advice educating you in all the relevant areas.
There process of writing a Will involves careful consideration of you circumstances. We will listen to your wishes and objectives, consider your circumstances, history, and plans, educate you on the laws of domicile and succession and advise you on the different options available to you so that you can implement the most suitable solution all things considered, mindful at all times to keep things as simple and economical as possible.
Riverside can administer deceased Estates in the capacity as Executor of the Estate, alone or as co-executor with family members or simply to apply for Probate on behalf of the family Executors. We can deal with all aspects of Probate and Administration including the accounting for and managing the assets, arranging the distribution under the Will and undertaking the necessary tax and compliance reporting. Riverside can also provide advice to beneficiaries on the Tax consequences of their inheritance.
For Will drafting, fees are agreed on a per client basis depending upon the complexity of the task and the amount of time required to undertake the work. Once we have determined the circumstances, we provide a recommendation and quotation. To administer an Estate and obtain probate can be a lengthy and time-consuming exercise with many uncertainties. We charge for Estate Administration services on a time cost basis in accordance with our standard terms of business, providing a written quotation once the extent and nature of the Estate and the amount of work required is understood.