Five big factors in the £1.27bn UK wills, probate and trusts market
By International Adviser, 31 Oct 17
Fragmented and largely unregulated, the UK wills, probate and trusts market was worth £1.27bn last year, but this is set to grow, according to market research company IRN Research.
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The introduction of automatic legal forms and an online probate service should reduce probate costs and increase margins for providers.
Cloud-based practice management solutions should speed up time consuming reconciliations.
In July, HMRC launched an online probate service for simple cases which will be extended to more complex cases in cases, eg those with multiple executors and intestacy.
Tags: Wills And Trusts
