For the first time in the UK, writing a will is to be fully regulated after the Legal Services Board found that some firms were offering an “unacceptable service for customers”, the Telegraph is reporting.

Unfair sale practices, fraud and deception are blighting the will-writing industry, the Legal Service Board - which regulates lawyers – has alleged and in recent evidence it found that a small number of firms were simply “not listening” to their clients.

Are your Trustees equipped to deal with the duties and responsibilities placed on them?

Trusts can offer great flexibility. They allow property to be ring-fenced; placing it in the hands of trustees who have wide powers to deal with it for the benefit of the named beneficiaries. They can be used to mitigate tax and to protect assets from third parties who might have claims over it. In most cases such trusts function perfectly, with the trustees fulfilling their obligations to the satisfaction of the beneficiaries in whose benefit they act.