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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 number of applications for grant of probate by personal applicants has risen for the third year running, raising questions about the impact of new entrants to the market, according to new figures.

A network set up as an alternative to established will writing representative bodies has claimed that in less than a fortnight since launch, it has already received applications from a quarter as many prospective members as it planned to sign up in the whole of 2014.