A year ago, we reflected on one of the most unpredictable and uncertain years in our lifetimes due to the onset of the global COVID-19 pandemic. Looking back, most industry news and headlines directly, or indirectly, mentioned the pandemic and the impact it had on our professional and personal lives.
Over the past year, we’ve monitored several news headlines and developments that have impacted the estate administration industry, including the probate application delays, the rising cost of death, and everyone’s favourite topic, Brexit.
The Office of National Statistics has reported that there has been a 33% rise in the number of unmarried couples since 2005. Perhaps unsurprisingly, during this time there has also been a rise in the problems which result when an unmarried partner dies without a Will.
Earlier this year the Scottish Parliament passed the final stage of the Succession (Scotland) Act 2016. The Act means that any ex-spouse or civil partner will no longer be able to inherit under a Will following a divorce or dissolution, unless the Will makes specific provision for them.
Recent data obtained through a Freedom of Information Act request by Today’s Wills and Probate has shown the number of lasting powers of attorney (LPAs) granted annually has tripled between 2010 and 2015.