Author name: Tom Stansfield

CMA Logo
Articles

How SLS Wills and More Safeguards Clients in Response to CMA Draft Guidelines

Back in May the CMA introduced draft guidelines for consumer protection… Here is our take… The draft guidelines issued by the Competition and Markets Authority (CMA) back in a June are a timely reminder of the importance of transparency and consumer protection within the Will writing and broader legal services sectors. With increasing concerns around unregulated businesses providing Will writing, online divorce, and pre-paid probate services, the CMA’s investigation highlighted issues such as misleading advertising, unfair contract terms, and the exploitation of vulnerable clients. At SLS Wills and More, we fully support the CMA’s initiative to raise standards in the industry and protect consumers. Expertise You Can Trust If you’re a client you may know that Sara Sheppard, the founder of SLS Wills and More, has dedicated over 35 years to the Will writing profession and holds TEP (Trust and Estate Practitioner) status, one of the highest accreditations in estate planning. As a Fellow of the Society of Will Writers (SWW), Sara upholds the highest standards of practice and ethics in line with the SWW’s Code of Practice. These commitments offer our clients peace of mind that their legal affairs are being handled by a fully qualified and self-regulated expert. The CMA’s draft guidelines underline the importance of transparency, particularly in making it clear to clients whether a business is regulated or not. While Will writing is an unregulated service, SLS Wills and More chooses to adhere to stringent self-regulation through our membership in the Society of Will Writers. We also hold comprehensive professional indemnity insurance, providing an extra layer of protection for our clients. These steps ensure that our clients are not only fully informed but also secure in the knowledge that their affairs are being managed with the highest level of care. Upholding the Highest Standards As highlighted in the CMA’s draft guidelines, there was concern over the lack of transparency and potential consumer harm in unregulated legal services. Practices such as failing to disclose future costs, using unfair contract terms, and engaging in aggressive sales tactics are unfortunately prevalent in some areas of the industry. At SLS Wills and More, we pride ourselves on full disclosure. All our fees are communicated clearly and upfront, with no hidden charges or misleading offers. Additionally, we do not engage in pressure selling, ensuring that clients are empowered to make decisions based on their own needs and preferences. We take our responsibilities to consumers seriously. Sara’s position as a tutor at The College of Will Writing and her role on the SWW’s Professional Standards Board place her at the forefront of industry developments. This enables SLS Wills and More to stay ahead of regulatory changes and ensure our clients always receive the most up-to-date legal advice. Furthermore, Sara undertakes a minimum of 24 hours of Continuing Professional Development (CPD) every year, ensuring that her knowledge remains current with evolving industry standards. Commitment to Consumer Protection The CMA’s focus on ensuring fair contract terms, clear communication, and protecting vulnerable clients resonates strongly with the principles we have built our business upon. For instance, we make sure that clients understand all elements of the services we provide and, crucially, what we do not provide. This means we are transparent about any work that might need to be outsourced and ensure that clients are aware of the qualifications of the professionals handling their case. Additionally, SLS Wills and More does not engage in the practice of offering pre-paid probate services, in line with the SWW’s code of conduct. The risks associated with such services, as outlined in the CMA’s review, far outweigh any potential benefits. By avoiding these high-risk offerings, we protect our clients from unnecessary financial exposure and potential legal complications down the road. Looking to the Future With the CMA’s consultation ending back in June 2024 and the promise of more robust consumer protection laws on the horizon, the landscape of unregulated legal services is set to evolve. At SLS Wills and More, we welcome these developments. Sara’s wealth of experience and dedication to ongoing professional education means that our clients will always benefit from a practice that is not only compliant with today’s best practices but also poised to meet tomorrow’s challenges. The CMA’s guidance is a significant step towards raising industry standards and protecting consumers. At SLS Wills and More, we will continue to champion these values and provide clients with clear, honest, and expert services. Whether you are considering writing your Will, planning your estate, or reviewing your existing documents, SLS Wills and More is here to offer the professional, regulated support you deserve. For more information on how we can assist you with your Will and estate planning needs, please contact us at SLS Wills and More, where integrity and expertise are at the heart of everything we do.

Aquaman
Articles, Uncategorized

Estate Planning Lessons from Aquaman: Navigating the Depths of Inheritance and Legacy

In Aquaman, we watch Arthur Curry’s journey as he grapples with his dual heritage—one foot on the shore as the son of a human lighthouse keeper, and the other deep beneath the waves as heir to the throne of Atlantis. Filled with underwater kingdoms, shifting allegiances, and power struggles, this DC Comics tale might seem an unlikely lens through which to view estate planning. Yet, if we translate these oceanic intrigues into a scenario under the laws of England and Wales, the story reveals timeless lessons about safeguarding one’s legacy. The Rightful Heir and Clear Instructions At the heart of Aquaman is the question of rightful succession. Arthur Curry, as the son of Atlanna (the Queen of Atlantis) and Thomas Curry (a human), possesses a claim to the Atlantean throne. However, without clear, legally binding directives, determining succession becomes an undersea tug-of-war. This echoes a common dilemma on land: if a parent passes away without a valid will, the question of inheritance can become murky, triggering disputes and, at worst, estranged family members battling over control. In England and Wales, a proper will sets out who should inherit and how. Had Atlanna left a well-drafted estate plan—detailing not just who would be her heir, but also providing for any mixed-heritage complexities—Arthur might have avoided confrontation with Orm, his half-brother, and spared Atlantis unnecessary conflict. Transparent directives in a will ensure that your loved ones know your wishes, minimising squabbles and safeguarding familial harmony, both on land and at sea. Appointing Executors and Trustees: Guardians of Your Estate In the Atlantean world, trusted advisors and loyal counsel are essential to maintaining peace and order. In your own estate plan, the equivalent of these advisers are the executors and trustees. Executors carry out the instructions of your will, ensuring that assets are distributed as intended. Trustees look after any trusts you create, managing assets on behalf of beneficiaries—much like a noble steward carefully overseeing the kingdom’s resources. With executors and trustees in place, even if the waters of life grow choppy, your estate remains on course. Should your family members become divided or uncertain, these appointed guardians can maintain stability, just as stalwart Atlantean allies help preserve Atlantis in times of turmoil. Safeguarding Children and Mixed-Heritage Families Arthur Curry is half-human, half-Atlantean—a dual identity that poses unique challenges. In England and Wales, cross-border estates or families with international ties often require additional estate planning measures. If you own assets abroad or hold citizenships in more than one country, you may need advice on creating wills that comply with multiple jurisdictions, preventing future misunderstandings or conflicts. What if Arthur, as a child, had been left without guidance or guardianship provisions in his parents’ estate plan? His upbringing and claim to Atlantis might have been far more uncertain. By naming guardians, or setting up trusts to protect assets for younger beneficiaries until they come of age, parents can ensure the welfare and stability of their children, no matter the complexity of their heritage or inheritance. Plan for the Unexpected: LPAs and Contingency Measures Atlanna’s sudden disappearance and the resulting power vacuum in Atlantis highlight the unpredictability of life’s currents. In the real world, if an accident or illness leaves you unable to make decisions, a Lasting Power of Attorney (LPA) can ensure that a trusted individual steps in to manage your finances or make healthcare decisions on your behalf. This level of preparedness not only prevents chaos but also reassures family members that someone reliable is at the helm. While Atlantean royalty have their own ways of dealing with crises, on land, drafting LPAs ensures that should unforeseen circumstances arise, your finances and personal welfare remain under responsible stewardship. A Legacy That Endures In Aquaman, Arthur’s ultimate quest is not just to claim the throne, but to bring unity, understanding, and peace between two worlds. This resonates strongly with estate planning’s core purpose: ensuring your legacy endures in a way that reflects your values, cares for the people you love, and prevents unnecessary conflict. A well-structured estate plan provides the opportunity to pass on your values—whether that’s encouraging education through a trust for a grandchild’s school fees, ensuring a family home remains in trusted hands, or supporting charities that matter to you. By taking proactive steps now, you’re ensuring that your legacy, like Atlantis’s hidden treasures, is protected and carefully guided into future generations. How SLS Wills and More Can Help At SLS Wills and More, we understand that creating an estate plan can feel as complex as navigating uncharted oceans. Our team can help you draft a will, establish trusts, appoint guardians and executors, and put LPAs in place. Together, these measures form a secure harbour against the storms of uncertainty and inheritance disputes. Ready to ensure your legacy is as enduring as Atlantis itself? Contact us today, and let us guide you through every stage of the estate planning process, safeguarding your family’s future with the same resolve and clarity that leads Aquaman to unite and protect the worlds he cherishes.

Scroll to Top