The last few years has seen the growth of the online and DIY will
writing market, with 12% of market share going to unregulated will-writing companies. In reaction to this the Legal Services Board has fought for the last two years urging the government to bring in regulation around will services. They argue that following their investigations one in five wills contain mistakes, and this poor service has resulted in financial loss and emotional harm to consumers.Despite arguments set out for the Legal Services Board, the government has not made any moves towards more regulation. This move has upset the legal profession, and the Law Society has said that the failure to not make changes “could leave consumers at risk”.
Desmond Hudson, chief executive of the Law Society, says:“Consumers have been let down by this deeply disappointing decision. Unregulated providers can carry on writing wholly unsuitable wills, leaving consumers without any recourse when things go wrong.”
Some of the most common errors seen as a result of online will writing services include, not having the correct witnesses and not dealing with assets in other jurisdictions correctly.The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article. Setfords Solicitors are a national full service law firm, with wills & probate and private client solicitors in Reading and across the country.