Advice Released On Getting The Best Advice
Will-writing experts at Irwin Mitchell have welcomed new consumer guidance designed to help people get the best possible advice when planning out how they would like their estate to be managed when they have passed away.
The Institute of Professional Will Writers (IPW) has put together a series of top tips on what consumers should look out for when seeking advice on putting together a Will, an issue which has been in the news recently following concerns raised over regulation in the area.
Among the guidance offered by the body are recommendations for people to understand the difference between unregulated and regulated Will-writers. All solicitors are regulated.
Consumers have also been urged to ask for a full price structure in terms of the services on offer, as well as being aware of the point at which they may be liable for costs. They should also bear in mind that they do not have to appoint the Will writer as Executor and can appoint any friend or family member as an executor.
Gillian Coverley, a Partner in Irwin Mitchell’s Wills, Trust and Probate department, said: “This advice from the IPW is likely to prove extremely useful to anyone thinking about the future.
“We would always encourage anyone who wants to put together a Will to seek the best possible advice, which we believe to be from the regulated sector and from those who are experts in the field.
“Sadly, recent reports in the media have suggested a lack of clarity when it comes to this area, so we hope that campaigns by bodies like the IPW will help to raise awareness and encourage consumers to get the best possible service.
“Reputable and regulated firms can provide consumers with reassurances and protection.”