New regulations for will writing
services in England and Wales are being proposed after research
from the Legal Services Board (LSB) showed that 20 per cent of
wills contained mistakes.
Currently will writing remains an
unregulated market, leading to the concern that potentially it
could be open to abuse. The Law Society warns that 'consumers risk
everything if they allow an unqualified and unregulated will writer
to have full control of their estate assets.'
Writing a will is an important
decision, both personally and financially. With many businesses
offering will writing services it can be tempting to opt for a
company that appears to offer a quick, cheap deal. Unfortunately
this can prove to be a risky move, leading to future complications
and greater expense.
Making a will allows you to control
how your assets are dealt with after your death. This is important
not only for your peace of mind, but also for those left behind.
Solicitors are professionally trained in will drafting and can
ensure that the will created will carry out your wishes, talking
you through the options that will best achieve that. There is no
guarantee that those drafting wills in other companies have
received any training which can have profound repercussions for the
bereaved. It may not be possible to rectify mistakes and very
costly to put right those which can be corrected.
Effective tax and financial planning
is another consideration when making a will. Only a trained
solicitor can give you the peace of mind that the service you are
paying for is fit for purpose. Errors, mistakes and ineffective
drafting by untrained will writers can lead to a loss of protection
financially for the estate as provisions are rendered void. The
Legal Ombudsman only has power to act on complaints from those who
have used the services of a qualified solicitor, there is no
recourse for those that have been let down by another service
Solicitors are regulated and are
required to have adequate insurance in place for the protection of
their clients. There are no such requirements for other will
writing service providers.
Hugh James Involegal LLP provides
volume will writing services for clients in the financial services
sectors, including major high street banks.
> Read more about our volume wills
Hugh James, a top 100 UK law firm, offers a range of will
writing services direct to individuals.
Click here to find out more about making your will
Head of Volume Wills and Probate
t > 029 2066 0563
e > email@example.com
Read the full Legal Services Board report here
Involegal is a trading name of Hugh James Involegal LLP which is authorised and regulated by the Solicitors Regulation Authority (SRA number 549676).
Hugh James Involegal LLP is a limited liability partnership registered in England and Wales OC352877.
A list of members is available for inspection at the registered office.
The firm is responsible for complying with the solicitors code of conduct – see these online at http://www.sra.org.uk/solicitors/code-of-conduct.page