Private Client
SRA to toughen up on compliance with continuing competence rules
The Solicitors Regulation Authority is to step up efforts to ensure compliance with continuing competence obligations, particularly among conveyancers and probate specialists.
SRA happy with standards of law firms handling LPAs and deputyships
Law firms are maintaining a good standard of service despite increased demand for lasting powers of attorney and deputyship work, an SRA review has found.
Cryptocurrency and digital assets in estate administration
Cryptocurrency and digital assets are the assets of the future. But how can they be valued, regulated and retained? In this new online world, solicitors must understand how these assets will affect Wills and how to value them and include them in final estate accounts.
Court upholds Covid will witnessed through car window
The High Court has praised the “ingenious arrangement” of witnessing a will through a car window in the early days of the pandemic.
Solicitor who forged trustees’ signatures struck off
A solicitor who used forged cheques from trustees or money from another client to cover up the fact she had failed to submit tax returns on time has been struck off.
Firm ordered to pay wasted costs for “inexplicable” error
A law firm which started proceedings when its client did not have standing to bring them has been ordered to pay wasted costs because it failed to check this.
Co-op to offer wills through Amazon as it unveils soaring finances
Co-operative Legal Services recorded a 19% increase in revenue and 60% rise in profit in 2022 as it became the first law firm to strike a deal to offer services through Amazon.
Solicitor who misled clients over LPA forms is struck off
A solicitor who told clients that the Office of the Public Guardian was to blame for what were actually her own errors in registering lasting powers of attorney has been struck off.
Reserved activities set to stay as they are for now
A full review of the reserved legal activities is not justified at the moment without a “fundamental” reappraisal of the Legal Services Act too, the Legal Services Board has concluded.
Trust business launches ABS for own and other law firms’ work
A company which specialises in trust work has launched an alternative business structure to handle both its own work and instructions from other law firms.
LPA reform which ends legal executive anomaly backed by MPs
Legislation to modernise lasting powers of attorney, including allowing chartered legal executives to certify copies, sailed through its latest stage in Parliament this week.
Man jailed after solicitors catch £2m will fraud
Solicitors have helped rumble a man now jailed for creating a false letter of wishes in an attempt to steal more than £2m from a deceased friend’s estate.
Islamic fintech company buys law firm specialising in Shari’ah wills
A law firm specialising in Islamic wills has been acquired in a seven-figure deal by a fintech company providing Shari’ah-compliant services.
Will-writing clients increasingly interested in add-on services
Consumers are increasingly interested in add-on services to will-writing, such as funeral plans, and are also more open to online delivery of those services, new research has found.
Powers of attorney to lead the way in strong wills and probate market
Powers of attorney and “other guardianship advice” will lead the way as the wills and probate market continues to expand over the next few years, a report has predicted.