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How to protect yourself from the rise of undervaluing estates claims

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Manage episode 509736472 series 3467886
Content provided by Today's Wills and Probate and Today's Wills. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Today's Wills and Probate and Today's Wills or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

The probate industry is under increasing pressure to demonstrate practitioners have acted in the best interest of the estate, particularly as beneficiaries become more financially dependent on inheritances.

The Probate Registry has done much to ease the pain of delays and now private enterprise is playing its part in helping law firms and probate professionals remain on the right side of compliance.

Enter Darren Leggett, Co-Founder and Co-Managing Director of Property Ladder Group (PLG) who joins the latest Today's Wills and Probate Podcast to discus how the organisation is geared not just to to support families but also enhance the professional capabilities of legal practitioners.

Increasing regulatory pressures, mitigating risk, complying with SRA guidelines and providing documented evidence for decisions are all part of the job familiar to probate professionals; particularly when facing scrutiny from beneficiaries or charitable organisations. Darren outlines how evidence-based reporting protects firms from claims and aligns with SRA guidelines when valuing property, emphasising the importance of documentation and transparency, especially in light of rising claims against law firms for undervaluing estates.

It's a concept Darren describes as “unregulated compliance”, a term coined to describe PLG’s commitment to maintaining high standards in an otherwise unregulated part of the probate process.

He shares his own journey and experiences which led to the founding of PLG, a full-service probate property solution, which provides solicitors, executors, and beneficiaries with everything from valuations and sales to garden maintenance, lock changes, and chattel clearance.

The Today's Wills and Probate podcast is available on your preferred podcast provider, and at www.todayswillsandprobate.co.uk. Subscribe today to hear all the latest news and views across the wills and probate sector.

Thank you to our podcast sponsor VacantC Legal Recruitment

  continue reading

71 episodes

Artwork
iconShare
 
Manage episode 509736472 series 3467886
Content provided by Today's Wills and Probate and Today's Wills. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Today's Wills and Probate and Today's Wills or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

The probate industry is under increasing pressure to demonstrate practitioners have acted in the best interest of the estate, particularly as beneficiaries become more financially dependent on inheritances.

The Probate Registry has done much to ease the pain of delays and now private enterprise is playing its part in helping law firms and probate professionals remain on the right side of compliance.

Enter Darren Leggett, Co-Founder and Co-Managing Director of Property Ladder Group (PLG) who joins the latest Today's Wills and Probate Podcast to discus how the organisation is geared not just to to support families but also enhance the professional capabilities of legal practitioners.

Increasing regulatory pressures, mitigating risk, complying with SRA guidelines and providing documented evidence for decisions are all part of the job familiar to probate professionals; particularly when facing scrutiny from beneficiaries or charitable organisations. Darren outlines how evidence-based reporting protects firms from claims and aligns with SRA guidelines when valuing property, emphasising the importance of documentation and transparency, especially in light of rising claims against law firms for undervaluing estates.

It's a concept Darren describes as “unregulated compliance”, a term coined to describe PLG’s commitment to maintaining high standards in an otherwise unregulated part of the probate process.

He shares his own journey and experiences which led to the founding of PLG, a full-service probate property solution, which provides solicitors, executors, and beneficiaries with everything from valuations and sales to garden maintenance, lock changes, and chattel clearance.

The Today's Wills and Probate podcast is available on your preferred podcast provider, and at www.todayswillsandprobate.co.uk. Subscribe today to hear all the latest news and views across the wills and probate sector.

Thank you to our podcast sponsor VacantC Legal Recruitment

  continue reading

71 episodes

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