29 May 2020 - Events
The Law Society is to launch its first recognised quality standard for wills and estate administration in October 2013 with the intention of providing a quality standard for wills, probate and estate administration practices.
The Wills and Inheritance Quality Scheme (WIQS) will open for applications on 31 October. It is aimed at practices that offer will drafting, probate, and estate administration services. The Law Society states that accreditation “will provide these firms with the opportunity to demonstrate to consumers and key stakeholders their commitment to the highest standards of client service”. Click here further detail.
At the heart of the scheme will be the 83 page first Law Society Protocol for wills and estate administration with recommended best practice at all key stages of the wills and probate process.
Understandably, the Protocol is not tailored to charities in the manner of the ILM/ Law Society Charities as Beneficiaries booklet. However, it addresses many of the concerns charities experience as residuary beneficiaries. For instance, at page 65 it stresses the need to circulate estate accounts for approval and to provide R185 forms (which allow charities to recover income tax deducted during the estate administration). Click here to download the protocol .