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Unregulated Will Writers and Property Trust Wills

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Interesting press release from the Law Society following complaints to Trading Standards in the North East: http://www.lawsocietymedia.org.uk/Press.aspx? It follows the usual pattern of elderly or vulnerable people being pressured into making a Will, or an Asset Protection Trust, or other documents of that sort, having been told they are guaranteed to protect their home from care fees. There are also warnings of excessive charges.  As an example, I am aware of a company in our area charging £2625 for one product that we charge £750 plus VAT for. It is vital that these kinds of services are regulated urgently, too many people are putting their assets in danger and are being sold products without the full facts. Here’s hoping the Legal Services board push their recommendations through as soon as possible. If you have any experience of this kind of thing, or are interested in these kinds of products but want to know what they really do, then please get in touch.

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