Law Society warns that will writing and the handling of assets is open to abuse

Consumers risk losing everything if they allow unqualified and unregulated will writers to have full control of their estate's assets.

The Law Society has highlighted the potential risks during the estate administration process in its submission to the Legal Services Board’s call for evidence into will writing, estate administration and probate activities.

The Law Society has been running a campaign to warn consumers of the dangers of using will writers who are not properly qualified and is calling for will writers to be regulated at the earliest opportunity to stop the exploitation of consumers.

The Law Society recommends that people who are preparing a will should engage a solicitor who can make sure that the will is legally watertight and advise on complex financial issues such as inheritance tax and trusts planning. Solicitors are all trained and regulated and are required to have adequate insurance to protect the public.

If you would like advice on making a Will contact:

Jurij Osokin on 01708 784003 or at jurijosokin@mplaw.co.uk