Private Client

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.

Legislation to modernise lasting powers of attorney, including allowing chartered legal executives to certify copies, sailed through its latest stage in Parliament this week.

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.

A law firm specialising in Islamic wills has been acquired in a seven-figure deal by a fintech company providing Shari’ah-compliant 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 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.

A criminal defence solicitor who said he certified two lasting powers of attorney “as a favour” for an elderly client has been fined £6,000 for failing to make the necessary checks.

To help aid informed questioning, here are three key areas where trustees can consider questioning their financial adviser or asset manager, in relation to an investment recommendation for trust monies.

In 2007, the Mental Capacity Act 2005 introduced Lasting Powers of Attorney (LPAs) which for the first time allowed a donor to appoint an attorney to make decisions both about their property and financial affairs, but also about their health and welfare.

A new membership body for estate planning firms aims to disrupt the sector by providing a home for regulated and unregulated firms ranging from law firms and accountants to will writers and genealogists.