Digital assets to be recognised as personal property following legislative update

Non-fungible token

Digital assets are to be formally recognised in law with the Property  (Digital Assets etc) Act receiving Royal Assent  this week. Previously many digital assets, including cryptocurrency or non-fungible tokens, had undefined legal rights. The updated legislation will formally recognise digital assets as personal property in the eyes of the law and can be treated like traditional […]

IRN Wills, Probate & Trusts Report finds fragmented and increasingly price-led market

A will document is open on a tablet, with a close-up of a hand scrolling the document

The latest consumer research results from IRN Legal Reports paint a picture of a fragmented wills, trusts and probate market populated by various providers. Despite some consolidation and a growing share for leading players, unregulated will writers, online services and digital will templates occupy a large space in the sector, working alongside law firms and solicitors. […]

Government’s ‘swift and fair’ courts plan erodes rights, Law Society says

A close-up of a Crown Court sign and crest

Deputy Prime Minister and Secretary of State for Justice David Lammy has announced plans to modernise the criminal courts and cut delays, in reforms he said would deliver ‘swift and fair’ justice for victims. But the Law Society of England and Wales says the proposals ‘erode the right to be judged by our own peers’ […]

Fee-free HMRC-compliant property valuations aims to ease financial pressure probate professionals

A new fee-free service offering HMRC-compliant property valuations will aim to ‘ease financial pressure on families’ while supporting legal and property professionals handling probate and court of protection property matters. Property Solutions Group, a one-stop-shop for probate property, has announced it will now provide its HMRC-compliant property valuations completely free of charge. The decision was […]

Charity search platform offering ‘comprehensive’ probate records seeks funding

A charity platform to make historical probate records more widely available is seeking funding to launch FreePROBATE (FreePRO), a comprehensive probate search platform that will digitise and transcribe over 7.5m entries from government probate books dating back generations. Free UK Genealogy is a registered charity working to make the records freely accessible to the public […]

Unlocking the potential of private equity

Today's Wills and Probate Podcast

With private equity funding fuelling the UK legal services market the Today’s Wills and Probate podcast welcomes one of the latest additions to the cohort, Vault Private Client, to the podcast.  Vault is the newest practice within the Beyond Law Group; a private equity backed legal services firm which describes itself as ‘a disruptive, non-traditional […]

The future of wealth transfer: implications of assisted dying legislation

Great wealth transfer

The so-called ‘great wealth transfer’ is well underway, with experts predicting that £5.5 trillion in assets is set to be passed down by the so-called ‘baby boomers’ over the next decade. There has been much commentary about its implications, including the need for good estate planning and the impact on society more widely. The intersection […]

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