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Passing a two-day course will enable accountants to start offering probate law services to the public, after the Institute of Chartered Accountants in England and Wales yesterday officially received the power to regulate probate and licence alternative business structures.

The Institute of Chartered Accountants in England and Wales has been given the green light by Parliament to regulate alternative business structures which provide probate services, with dozens of firms already showing an interest in taking advantage.

Chartered accountants will be able to carry out reserved probate work themselves, without the need to instruct a solicitor, from next month, the Institute of Chartered Accountants in England and Wales (ICAEW) has said.

The Lord Chancellor yesterday approved the application by the Institute of Chartered Accountants in England and Wales (ICAEW) to become a regulator of probate services and licensing authority for alternative business structures.

Over the holidays, I came across the course notes for a course I attended in February 2102. It was called ‘Introduction to probate’ and was run under the auspices of the Institute of Chartered Accountants in England and Wales (ICAEW). Page 1 of the course notes, and, as I recall, about the first 20 minutes of the speaker’s talk, referred to the “many opportunities arising from these additional services”. That the opening up of probate to members of the ICAEW is regarded as a potential bonanza for the accountancy profession is not in doubt.