What are the risks of using an unregulated will-writer? Private Wealth

Using an unregulated will-writer can leave consumers exposed to the risk of exploitation by unscrupulous and unqualified practitioners. If there was a problem involving fraud, dishonesty or misconduct, there is little protection for consumers who use unregulated will-writers.

Solicitors, however, are subject to strict regulations, granting consumers far more protection and guaranteeing the level of expertise of the professionals dealing with your home, savings and assets.

Often will-writers offer their services at a lower price, but costs can spiral, for example by charging annual fees for storage of your will – something a solicitor would usually offer at no additional cost.

If you have any more questions about Wills or any other area of private wealth, please contact us now.