Individuals who choose an unregulated will writer to draft their will, risk leaving their loved ones in a legal minefield, a Launceston-based law firm is warning.
Peters Langsford Davies, which is accredited by the national Law Society’s Wills and Inheritance Quality Scheme (WIQS), says that when it comes to buying a will, people need to distinguish between advisers that are unregulated, uninsured and untrained.
Wills and inheritance expert, Emma Davey, said: “Your will is one of the most important financial and personal decisions that you will make, but currently there is no regulation surrounding will drafting, so anyone is able to write a will.
“It is extremely important to talk to a solicitor who can make sure that the will is expressed in a way that is legally watertight. A solicitor will also be able to advise on complex financial issues such as inheritance tax and trusts planning. Solicitors are all trained and regulated and they are required to have insurance to protect the public.”