A Will allows you to make your wishes known and decide how your estate is to be distributed. Knowing that your affairs are in order gives you peace of mind and it ensures that your loved ones have one less thing to worry about during an already difficult time..
Probate is the legal process whereby a named executor disperses the estate of someone who has died. An executor is legally responsible for administering an estate and distributing assets in accordance with the deceased person’s Will. The whole process can be incredibly overwhelming, and this is where Riverside can help.
Riverside offers a variety of trusts that can be incorporated into your Will to ensure that your assets continue to be protected after your death. A will trust is created within your will to allow you to protect property you hope to pass on to your family. Trusts are legal entities that allow someone to benefit from an asset without being the legal owner. In doing that it protects your assets from Inheritance tax and other risks.
Lasting Powers of Attorney
These documents are just as important as having a professionally written Will. You may think that family members are automatically legally entitled to handle your affairs if you are no longer able to do so yourself. However, this is not the case. Only lasting powers of attorney allow you to do this without a long, expensive, complicated application to court.