Becoming a Will Writer or Estate Planning Consultant can be an incredibly rewarding role. As well as providing important legal documents for your clients you are also providing them with peace of mind that their wishes have been recorded and will be carried out after they pass away. The idea of running your own business can be an attractive proposition. Many are attracted to being able to work hours to suit family commitments and being able to work from home.
Whilst their are no formal qualifications necessary to become a Will Writer and even though anyone could write their own Will, we do not advise it unless properly trained. With ever more complex family scenarios, the chances of estates becoming contentious and the need to plan for all sorts of eventualities, it is wise to consult with a professional.
The term professional, whilst not mentioned in the title of this article, is incredibly important. Some of you may have seen an advert for a German car where the manufacturer highlighted the choices you have when purchasing. The advert showed a child and their father. The father was taking his son for a shark diving experience. One of the two providers was decidedly questionable with seemingly faulty equipment whilst the other was perfect. It was asking whether you would you opt for clearly inadequate protection from someone on the grounds that they were significantly cheaper when you could pay more and get a better experience. Transferring this to our industry it is well worth putting yourself in the same shoes and considering whether you would choose someone who adheres to a recognised code of practice, has to hold professional indemnity insurance and is accountable or whether you chose an entirely unregulated provider with no guarantees of competency or protection.
Sounds like an easy choice right? Now it’s time to look a little deeper.
Will Writers have a couple of primary costs associated with the production of Wills. These are drafting software and professional indemnity insurance. The insurance covers you for the documents you are producing and should be in force permanently and continuously after you’ve drafted the documents. The software, whilst not essential, gives you the tools you need to be able to draft documents as quickly and easily as possible. Good providers like the SWW’s Sure Will Writer – Professional Will Suite can give additional support when drafting documents to give you peace of mind as a drafter.
Another cost associated with becoming a professional Will writer is membership to an organisation such as ourselves. The SWW exist to support our members as well as to provide a framework of self-regulation which members are required to adhere to. When you break down the SWW membership fee it costs only £0.82 per day, that’s less than a cup of coffee. The benefits of membership include technical support, assistance and access to products and services that you wouldn’t ordinarily be able to access if you weren’t a member.
One of the first things you should look at is the level of knowledge needed to practice as a Will writer. The College of Will Writing is a key training provider for those looking to join the industry or expand their knowledge. The most popular course offered is the SWWEPP course and is incredibly cost effective.
If you’re now thinking that SWW membership, the costs of becoming a Will writer and training make this an even more exciting proposition then why not give us a call to discuss this in greater detail. 01522 687 888.