ACCA has been approved to authorise individuals and firms to carry out probate work, having successfully applied to the Legal Services Board to authorise practitioners to undertake probate work across England and Wales
Ian Waters, head of standards at ACCA, said: ‘This is an important development for practitioners who will soon be able to provide highly valued and comprehensive support to their clients following a bereavement.
‘The ability to offer legal services, including the reserved activity of probate, complements the professional services that firms already provide to clients such as inheritance tax planning, estate management and wealth management.’
ACCA says it will now proceed to implementing regulatory arrangements for probate activities that are proportionate and in the public interest. The Legal Activities Regulations 2018 will be contained within the ACCA rulebook and will form part of the UK annex to the chartered certified accountants’ global practising regulations 2003 (GPRs).
The regulations will only apply to the reserved legal activity of probate and the grant of probate or letters of administration in England and Wales, extending to non-contentious probate business only.
ACCA members seeking to become probate practitioners will be required to achieve and maintain competence to undertake probate activities. ACCA will provide the relevant skills training and support for members.
Report by Pat Sweet