The UK Wills, Probate & Trusts Market Report 2019 is the sixth edition of an annual research report from IRN Research.
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Market value growth in the wills, trusts and probate market was 5% in 2018 compared to 2017, and a similar level of growth is likely in 2019. Probate market work is the main driver of growth. The majority of will writing and probate work is still carried out by traditional law firms and solicitors. However, the sector has changed in the last year or so: the leading volume players have increased their market share; start-up companies, with innovative IT solutions, are creating some market disruption; new players, especially in probate and estate administration, have entered the market from related professional services sectors, e.g. accountants, conveyancers, legal executives – all now licensed to offer probate advice; an online portal for probate applications has been rolled out by HM Courts & Tribunal Service (HMCTS).Wills and Probate Report Description