The Legal Services Board, which oversees the regulation of lawyers in England and Wales, have produced a report that shows solicitors and other providers, provide sometimes sloppy, badly written wills, to theft from the estates they are administering. It seems that regulation is 18 months to 2 years away, and there is a lot to agree on.
The Law Society suggested that only solicitors should be allowed to offer these services, but the LSB recognised that specialist providers (professional will writers) provide competition and have driven down prices for consumers. Indeed, many of the issues within the industry are caused by solicitors themselves. In some cases wills are passed to secretaries, or wills stored in barns. Of course the industry has been going through many changes, such as the rise of new qualifications and awards, and solicitors recognise they must be better qualified, as do professional will writers.
Change and regulation will be good for the industry I am sure, but this could drive up prices for consumers as well.
The Law Society suggested that only solicitors should be allowed to offer these services, but the LSB recognised that specialist providers (professional will writers) provide competition and have driven down prices for consumers. Indeed, many of the issues within the industry are caused by solicitors themselves. In some cases wills are passed to secretaries, or wills stored in barns. Of course the industry has been going through many changes, such as the rise of new qualifications and awards, and solicitors recognise they must be better qualified, as do professional will writers.
Change and regulation will be good for the industry I am sure, but this could drive up prices for consumers as well.
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