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The Legal Service Board (LSB) has announced that the writing of wills is to be regulated. A recent survey by the LSB found that some lawyers were offering an "unacceptable service" and even using fraud and deception.
The survey of 100 people who needed a will discovered that 20% of wills had basic errors and a handful were so bad that they "could not be executed". The LSB’s chairman David Edmonds comments that regulation is necessary to help maintain public confidence in an important legal process.
Monday 23rd April 2012 The Daily Telegraph (page 14) The Times (page 4)
Paula James, partner at Thomas Eggar, says regulating wills has to be a good thing if it ultimately improves the quality of will-writers. “Although regulation may increase initial costs for some consumers, a well-drafted will can reduce costs overall,” she comments. The Legal Services Board has launched a consultation into formal regulation of the sector.
Tuesday 24th April 2012 Financial Times (page 4)