LSB Launches survey to explore Will Writing regulation
The Legal Services Board (LSB) are conducting research to better understand the legal services market which is not covered by the regulators they oversee.
The survey has been launched alongside the Society of Willwriters (SWW) and explores the services will writers offer, how those services are resourced and the businesses are structured.
The survey is open to all within the Will writing community and members and non-members are encouraged to participate.
Encouraging the whole of the community to engage, Director General of the SWW Anthony Belcher says
“The Society of Will Writers has been championing self-regulation for over 27 years now and our Members and other will writers provide an essential service to the public. This survey that The Legal Services Board is conducting with us is an excellent opportunity for these will writers to have their voices heard, as well as evidence the benefit of using a self-regulated provider.
I would encourage as many people to respond to the survey if able, as the more responses received, the better the better all our understanding of the sector will be.”
To view and respond to the survey CLICK HERE
For many, the regulation of Willwriting would be welcome. Following the announcement that the funeral planning sector would become regulated by the FCA earlier this year, Portcullis Legals Chief Executive Trevor Worth suggested regulation for Willwriters should follow:
“My one fear is that those who market funeral plans now will just migrate to the unregulated wills sector as there is no barrier to entry and the same level of malpractice will continue with no one to answer to”
“Whilst most estate planners I know would welcome regulation of the Willwriting sector despite the associated burdens that would bring, it would also give greater clarity and protection to the consumer who are currently dealing in some cases with a Wild West approach to who they choose to provide that advice”
“You only have to look on LinkedIn to see the number of experts that have attended a one day course but are now extolling the virtues of their expertise on trusts despite having no experience and no professional qualifications.”