New Protection Laws For Will Writing Expected
Go to: Previous Article Next Article
The industry of will regulating and creating in Great Britain has recently been the subject of an investigation by the Scottish Minister. Cheap will writing offers containing hidden costs are often part of the problems clients experienced as are beneficiaries not having the correct amounts of money in their payouts.
The Scottish government is now creating new legislation in order to offer people more protection but they have warned that the same level of consideration needs to be given to the rest of the UK. In response to this the LSB Legal Services Board of England and Wales have stated that they will review the current process.
Legal experts have suggested that laws should be introduced to ensure that anybody who is charging a fee for writing a will needs to be regulated and have an appropriate qualification as well as an indemnity in place.
This investigation has also shown how lots of cases where initial will writing fees were said to be under one hundred pounds were actually running in to the hundreds and even thousands of pounds. The bills were often left for the next of kin to settle after the client's death.
The report also showed how one firm had actually lost a will- despite charging the client a fee for ensuring its safe keeping. A different firm also stole thousands of pounds worth of clients money from beneficiaries.
Statistics show that private will-writing firms are claiming somewhere in the region of 10% from every will they create.
Prior to the set up of these will- writing company's people would always go to their solicitor if they required professional help. The main difference between the will writing firms and solicitors is that they are not governed by law.
All solicitors will always be able to prove that as well as their professional training they have a professional indemnity scheme in place in order to protect their clients.
The new regulations will come into effect in Scotland next year and the Legal Services Board will soon be carrying out a full investigation of whether or not the regulations are needed in England and Wales.
Article Source: Articlelogy.com
- Find an Immigration Lawyer - Find a
Criminal Lawyer - Find a
Divorce lawyer - Find a
Real Estate Lawyer
- Find a Family Lawyer - Find an
Employment lawyer - Find a
Business Lawyer - Find an
Intellectual Property lawyer
- Find a Bankruptcy Lawyer - Find a Personal Injury Lawyer
- Find a Lawyer about anything
- File for an Online Divorce => without the help of a Lawyer <=
- Ask a Solicitor
Word Count: 371
Reduce Your Debts Without Bankruptcy. See How Much You Can Save. Free Debt Analysis
