|Thursday 18th August 2011|
|18/08/2011 - Regulation of Will Writers|
A recent Legal Services Consumer Panel report into whether will writers should all be regulated like Solicitors does not make happy reading. Part of the report deals with the quality of Wills drafted and was based largely on a “mystery shopping” exercise involving Wills prepared by Solicitors, Will Writers, banks and online Wills. A quarter of the Wills failed for being not legally valid or of poor or very poor overall quality.
Some of the reasons for Wills to fail was that they did not cover all of the estate or did not take certain outcomes into consideration. Sometimes clients’ requests had been left out or the actions specified in the Wills were potentially illegal. Sometimes the language was contradictory or items and people described in insufficient detail.
The survey also identified a common theme where Wills were assembled by cutting and pasting precedents from software packages without the legal knowledge required to understand that the final package did not work as intended.
This all goes to show the importance of instructing knowledgeable and expert people to draft your Will. Look out for The Society of Trust and Estate Practitioners’ logo and you can be assured that those drafting your Wills are experts in this field.
In order to speak to one of our Society of Trust and Estate Practitioners members, please telephone Gill Akaster LLP on 01752 203500.
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