Thursday, February 14, 2013
The Legal Services Board (LSB) recommended to the Lord Chancellor that will-writing be subject to regulation. One charity director believes that this could lead to more legacies by making consumers more confident in writing a will. Currently, legacy income is worth almost £2bn a year to the UK charity sector
The Board seeks to give consumers greater ability to seek redress through the Legal Ombudsman and create a level playing field between traditional law firms and other services, including online services and will-writing companies among others.
The Lord Chancellor must decide within 90 days whether to proceed with the LSB's recommendations.
See Niki May Young, Will-writing Regulation Recommended By Legal Services Board, civilsociety.co.uk, Feb. 14, 2013.