One in eight aspire to pass down £500,000 or more to beneficiaries in will
One in eight people in the UK anticipate leaving £500,000 or more in their will to beneficiaries, new data reveals. Meanwhile the average amount those with a will expect to pass on is £260,000. The survey of 2,000 UK adults carried out by Co-Op Legal Services and released in alignment with the Remember a Charity […]
New collective mobilises SME and boutique firms to challenge COLP and COFA proposals
An alliance of SME and boutique law firms have called on the Solicitors Regulation Authority (SRA) to rethink proposals to separate the compliance officer for legal practice (COLP) and compliance officer for finance and administration (COFA) roles from “individuals with unilateral management control”. The SME & Boutique Law Firm Alliance describes itself as “an independent […]
Lancaster firm doubles community fund to support local organisations
Lancaster firm Morecambe Bay Wills & Estates has doubled its community fund and raised more than £59,000 to support local organisations. The company, which incorporates Lancaster Wills, Kendal Wills and North Wales Wills, has doubled its fund this year to £15,000, extending support to organisations across North Lancashire, South Cumbria and North Wales. Along with […]
Your will bank is an asset. Are you treating it like one?
Wills are a fixture of practice life. Yet for many sole practitioners and small private client firms, the value held within a will bank is not always fully appreciated as an asset – at retirement, in a merger or acquisition, or simply as an untapped source of private client revenue. A will bank is not […]