Happy birthday to us! The SWW has turned 24. In April 1994 the Society of Will Writers was formed to provide support to members and protection to clients of SWW members. 24 years later we are still here, still providing support to members and still protecting our member’s clients – just on a far bigger…

What is Run-off insurance?   It is often seen as being something vastly different to normal professional indemnity insurance however, there is no great mystique to run-off insurance. The key to understanding run-off cover is in understanding the “claims made” nature of the protection.   Given that you have probably already been purchasing professional indemnity…

Introduction The GDPR will apply in the UK from 25th May 2018 and is similar in many ways to the existing UK Data Protection Act 1998 (DPA). The GDPR applies to personal data processing by organisations operating in the EU and organisations that offer goods and services to individuals in the EU and aims to…

Introduction. The Anti-Money Laundering Regulations 2017 is the latest EU Directive on Anti-Money Laundering, it supersedes the Money-Laundering Regulations 2007 and the EU’s Third Anti-Money Laundering Directive. Approved by parliament on the 26th of June 2017, it’s at the forefront of anti-money laundering in western Europe. It puts greater emphasis on the offences of aiding…

  The Law Commission yesterday (13/07/17) published a consultation paper on the law surrounding Wills. The consultation includes various comments, recommendations and areas for discussion. A brief summary of the main provisions of the consultation paper can be found below. Dispensing Power A number of foreign jurisdictions have what is known as ‘Dispensing Powers’ which…

Former Society Member Mark Bonner was sentenced to five and a half years’ imprisonment on Friday, 16th June 2017 for two counts of fraud, amounting to a total of just under £360,000 from two separate clients. Both sentences will run concurrently. Bonner’s Society membership was revoked in 2012 following a previous, unrelated prison sentence. The…

Who is the Lord Chancellor? Earlier this week the appointment of David Liddington as the new Lord Chancellor and Secretary of State for Justice was announced. Liddington becomes the fourth non-lawyer to become Lord Chancellor in recent years after Chris Grayling, Michael Gove, and Elizabeth Truss. So who is David Liddington? He was elected as…

Yesterday the Conservative party released their manifesto. Among their proposed policies were new changes to social care that Estate Planning Practitioners should be aware of. The first proposed change is to the threshold at which a person will become responsible for self-funding. Currently is a person has assets over £23,250 they must fully self-fund their…