Risk Advice for Solicitors – Wills and Probate
Wills and probate work generates a significant number of professional indemnity claims and complaints. Over the last three years this work accounted for 12% of all claims, and 8% of the total cost of claims reserved or paid (Marsh data based on 3000 claims as at March 2015).
In this wills and probate article, John Kunzler, Head of Financial and Professional Liability, sets out some actions that firms could consider to reduce the risk of claims and complaints. The article explores:
- Quality checks for will and codicil drafting.
- Administration of estates.
- Reviewing best practice on less complex wills.
Read the article to find out more.