The Law Society has welcomed calls for will-writing to be subject to regulation, but argues a failure to apply similar oversights to estate administration activities could harm consumers.
The Legal Services Board (LSB) has submitted a report to Lord Chancellor Chris Grayling recommending he amend the list of reserved activities to include will-writing. However, it has not recommended Grayling do the same for estate administration - the distribution of the estate of a deceased person. Law Society president, Lucy Scott-Moncrieff, said the professional body was "concerned" about the consequences should this be excluded. "We submitted evidence to the LSB of people who have been prosecuted for running off with estates, among other problems that have been caused by unregu...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
