ARTICLE · 10 OCTOBER 2012

Weekly Tax Update - Monday 1 October 2012

Smith & Williamson

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In July 2011 the Legal Services Board (LSB) launched investigations under sections 24 and 26 of the Legal Services Act 2007

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Richard Mannion

1. GENERAL NEWS

1.1. Will writing and estate administration

In July 2011 the Legal Services Board (LSB) launched investigations under sections 24 and 26 of the Legal Services Act 2007, in order to form a view on whether the list of reserved legal activities should be amended to include will-writing and estate administration activities. The inclusion of activities on that list would mean they may only be undertaken by individuals and entities authorised and regulated by an approved legal services regulator.

A consultation document entitled "Enhancing consumer protection, reducing regulatory restrictions: will- writing, probate and estate administration activities" was published on 23 April 2012, setting out the results of LSB's investigations and their proposals for action. The investigations indicated that many consumers were not adequately protected at the time a will was written or an estate was administered and LSB proposed that action needed to be taken to

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