Research and Markets: UK Wills And Probate Legal Market Briefing 2015

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/b5p3zt/wills_and_probate) has announced the addition of the "Wills And Probate Market - UK Legal Market Briefing 2015" report to their offering.

The UK Wills & Probate Market Briefing is the second edition of an annual Legal Market Briefing and provides an overview of the UK wills and probate market.

The majority of adults in the UK have yet to make a will so there is some potential to grow the market although recent campaigns to encourage more adults to prepare a will seem to have had only a limited effect.

The market remains fragmented with many smaller players, including some that are un-regulated, but more volume players are slowly beginning to emerge. Some growth will come from a combination of: more fixed price services not just for wills but increasingly for probate and estate administration services; more advertising by some of the major players; additional services such as arranging Lasting Power of Attorney, living wills and care plans. The percentage and number of over 60s in the population will increase year-on-year over the next decade and this will help the sale of wills and the above additional services.

A major market obstacle is the fact that many adults, and particularly younger adults, continue to see the preparation of a will has something to put off until later in life. More fixed price deals for wills, and the availability of online will services for as little as £20, will continue to weaken prices and margins. In the probate sector, more individuals are bypassing professional advisors and undertaking estate administration themselves and the percentage taking this option is growing year-on-year.

This annual survey of 60 providers of wills found that the average price of a standard single will is £83. The average price for wills from law firms and solicitors is £118 in 2015. These are based on quoted fixed price rates and, of course, more complicated wills can be much more expensive and the pricing survey takes no account of the quality of the wills provided.

The UK Wills & Probate Market Briefing is one of a series of briefings produced each year with others covering Conveyancing, Family Law, and Personal Injury. Briefings provide details of market size and trends; future trends; key players; commentary on key issues impacting on the market.

Key Topics Covered:

1. Introduction & Summary

1.1 Introduction

1.2 Report Summary

2. Market Size and Trends

2.1 Will Ownership

2.2 Lasting Power of Attorney

2.3 Probate

3. Key Players

3.1 Overview

3.2 Law Firms and Solicitors

3.3 Will Writing Companies

3.4 Online Wills

3.5 Probate

3.6 Selected Players

- Chorus Law Group

- Cooperative Legal Services

- Estate Planning Group

- Hugh James

- Irwin Mitchell

- Kings Court Trust

- Lawpack Publishing

- Redstone Wills

- Saga Legal Services

- Simpson Millar

- Slater & Gordon

- Thompsons Solicitors

- Which? Legal Services

4. Market Value and Prices

4.1 Market Value

4.2 Prices

4.3 The Future

5. Associations

6. Recent Developments

For more information visit http://www.researchandmarkets.com/research/b5p3zt/wills_and_probate

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Legal

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Legal