The Legal Services Board (LSB) has published new research into probate and estate administration. Two surveys were commissioned – a consumer survey and one involving the providers of these services.
Drawing evidence from the LSB’s research the Legal Services Consumer Panel (LSCP) has recommended that probate and estate administration should be made reserved activities along with will-writing services.
However the LSCP has stated that “There should be no monopoly for existing authorised persons; any business wishing to provide these services should be able to seek authorisation.”
The LSB will be issuing proposals as a result of its investigation into the regulation of will-writing, probate and estate administration in late April.
If you want further details regarding the findings please contact us.