Will Writing To Be Regulated?
The Legal Services Board (LSB), which oversees the industry in England and Wales, said 20% of wills contained mistakes, and that the industry needs regulation to ensure standards are monitored effectively.
At present, anyone can offer will writing services, and the LSB claims spot checks have revealed mistakes such as wills that have been cut and pasted from master copies without changes being made, or names having been omitted completely.
Dave Edmonds, who chairs the LSB states “We found too many examples of providers – lawyers and will-writers alike – not listening to their clients or being sloppy in their work – meaning those taking the important step of writing a will were also, unfortunately, leaving problems to their beneficiaries.”
The recommendations will now go through consultation and be considered by the government.
A recent survey by HSBC found that two-thirds of UK parents asked had failed to make a will.
Intestacy, when someone dies without a will, means more scope for disagreements over who is entitled to what. It also often takes longer to sort out an intestate estate than one with a will and can bring significant problems where a business is involved.