UK Wills, Probate & Trusts Market Report 2024
This is the 11th edition of the report published in December 2024 (46 page PDF report).
Table of Contents
Regulated and unregulated providers. 11
Many providers in the market with a few volume players. 12
Law firms offering will writing services continue to fall 13
MARKET TRENDS & DEVELOPMENTS . 16
Almost 1 in 5 of the population are 65 or over. 16
Increase in deaths in 2023 after two years of fewer deaths. 17
Deaths also increase in Scotland and Northern Ireland. 18
CMA publishes consumer protection guidance for unregulated providers. 19
Office of the Public Guardian working on modernising LPA service. 20
House of Commons Justice Committee disbands inquiry into probate process. 20
Probate fees increase in 2024. 21
Legacy income grows by modest 1.3% in latest year. 22
Video witnessing of wills comes to an end. 23
Co-operative Legal Services. 25
Charles Russell Speechlys LLP. 26
Womble Bond Dickinson (UK) LLP. 34
Market value set to increase to £2.8bn in 2024. 35
Probate – total grants increase but specific probate grants decrease. 37
Almost 8 out of 10 grants of representation issued are digital in 2023. 39
POAs applied for reach almost 1.2m in 2023 and set to pass 1.5m in 2024. 39
Number of trusts increases for first time in five years. 41
Deaths projected to increase up to 2029/30. 43
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