Throughout 2023, there were a number of legal industry updates and news stories that affected the Wills and probate sector. We’ve summarised some of the key changes and the ongoing discussions that could affect professionals and their clients in 2024.
This year has provided a lot of challenges and changes, both in general and within the probate and estate administration industry. This blog will summarise some of the key industry stories and updates that have been in the news in 2022.
A year ago, we reflected on one of the most unpredictable and uncertain years in our lifetimes due to the onset of the global COVID-19 pandemic. Looking back, most industry news and headlines directly, or indirectly, mentioned the pandemic and the impact it had on our professional and personal lives.
Over the past year, we’ve monitored several news headlines and developments that have impacted the estate administration industry, including the probate application delays, the rising cost of death, and everyone’s favourite topic, Brexit.
The Office of National Statistics has reported that there has been a 33% rise in the number of unmarried couples since 2005. Perhaps unsurprisingly, during this time there has also been a rise in the problems which result when an unmarried partner dies without a Will.
Recent research has shown that while six million people have experience of acting as the executor of a Will, just 4% realise they are legally liable for the accurate distribution of the estate.
A report from the Work and Pensions Committee is urging an overhaul of the funeral support system with even the most basic funeral costs driving families into debt.
Earlier this year the Scottish Parliament passed the final stage of the Succession (Scotland) Act 2016. The Act means that any ex-spouse or civil partner will no longer be able to inherit under a Will following a divorce or dissolution, unless the Will makes specific provision for them.
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