Just 5% of over 55s include digital assets in wills, survey finds
Only 5% of over 55s surveyed by Compare the Market have included digital assets in their wills. The survey of 2,000 UK adults revealed the majority have given no thought to who will inherit their digital legacy, from cryptocurrency and NFTs, to cloud-stored photos and social media. Of those surveyed, 11% on average have a […]
New Law Society guide informs solicitors of AI risks
The Law Society of England and Wales has launched a new practical guide to help solicitors make safer, more informed technology decisions and warns that unsafe AI adoption may expose firms to risks. The majority of firms and solicitors now use AI for routine legal practice tasks such as drafting documents and analysing case material, […]
Probate and POCA: Why ‘Does this make sense?’ matters more than ever
Self-confessed AML geek Kayleigh Smale explains the importance of the Proceeds of Crime Act for probate practitioners and shares tips on staying compliant. Section 328 of the Proceeds of Crime Act is often associated with transactional work, but it has a very real application in probate. It creates an offence where a person enters […]