Statistics Reveal Increasing Numbers of Wills fail to result in Executors Applying for Probate

New data from the Probate Service has indicated a rise in the number of Wills that have either failed to appoint an executor, or have appointed an executor that has been unwilling or unable to administer the estate, increased last year.
 
Oct. 8, 2012 - PRLog -- New data from the Probate Service has indicated a rise in the number of Wills that have either failed to appoint an executor, or have appointed an executor that has been unwilling or unable to administer the estate, increased last year.

The published figure was 15,553 for 2011 which is a 5% increase on this statistic in 2010. These numbers are based on the Grants of Letters of Administration (with Will annexed) issued by Probate Registries across England & Wales in 2010-2011.
http://www.iwc-ltd.co.uk/letters-of-administration.html

The continued rise has prompted a reaction from the Legal Services Board with regard to the regulations governing will writing and the administration of estates. The issue of problems caused by poorly written wills was highlighted in the 2012 report commissioned by the LSB on quality assurance. The report has also indicated key areas of delivery that will be a concern for any person or company involved in the process of Applying for Probate.
http://www.iwc-ltd.co.uk/probate__applying-for-probate.html

In addition to the findings of the report by the LSB many analysts looking at the data have called for tighter regulation with regard to will writing. They have stated that the figures clearly show that thousands of people have poorly drafted wills, which do not even have a named executor. Many of these wills also make no provision for a substitute executor in case the named executor is unwilling or unable to act.
http://www.iwc-ltd.co.uk/making-a-will.html

As part of the wider picture the number of grants issued to solicitors applying for probate has been in steady decline between 2006 and 2010. During this period a significant decrease of approximately 30% of these applications had occurred. The 2011 data has illustrated that this decline has reversed as there were 148 more grant applications for probate by solicitors in 2011 compared to this figure for 2010.

There are a number of mitigating factors which have contributed to the reduction in solicitor probate grants in recent years. The decline from 2006 to 2010 coincides with the beginning of the credit crunch and the correlative problems in the housing market. The difficulties in the housing market may have also resulted in fewer estates being valued above the threshold at which they require a grant for probate.

Overall there are were some consistencies and the data showed that during the period 2006-2011 the number of grants of applications for probate issued to private individuals has remained continually at the same level.
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