Are you risking everything by using an unregulated Will writer?
Are your life savings important to you?
Of course they are, but it’s a question you should think about, especially if you’ve chosen an unregulated Will writer to draft your Will. You’re taking a big risk.
You may be leaving your loved ones in a legal minefield.
Choose an accredited solicitor
Wallace Robinson & Morgan was one of the first 20 legal firms to be accredited by the national Law Society’s Wills and Inheritance Quality Scheme (WIQS) in February 2014.
When it comes to buying a Will, you should take great care. Many advisers are unregulated, uninsured and untrained.
Listen to Valerie
Valerie Warner, head of the firm’s Wills & Probate department said: “Your Will is one of the most important financial and personal decisions that you will make, but currently there is no regulation surrounding Will drafting so anyone is able to write a will, holding themselves out as an expert.”
“It is extremely important to talk to a solicitor who can make sure that the Will is expressed in a way that is legally watertight. A solicitor will also be able to advise on complex financial issues such as inheritance tax and trusts planning. Solicitors are all trained and regulated and they are required to have insurance to protect the public.”
WIQS from the Law Society
At the heart of WIQS is the first Law Society standard for delivering tailored Wills and Probate advice.
In achieving accreditation, Wallace Robinson & Morgan underwent an application and assessment process to demonstrate their adoption of best practice procedures in delivering Wills and Probate advice.
This benefits consumers by ensuring that they understand the issues in preparing a Will or seeking Probate advice, and are aware of the options, costs and timescales in order to make an informed choice from the outset.
For more information on the Law Society’s Wills and Inheritance Quality Scheme visit: www.lawsociety.org.uk/AboutWIQS
This article is for general information purposes only. It does not constitute technical, financial, legal advice or any other type of professional advice and is no substitute for specific advice based on your individual circumstances. We do not accept responsibility or liability for any actions taken based on the information in this article. For more information, please click here.