Market value growth in the wills, trusts and probate market is estimated to increase by 3.2% in 2020 compared to 2019. The pandemic, along with price pressures, have weakened wills sales but the probate market remains relatively strong. IRN Research’s consumer survey in November 2020 found that when getting professional legal help making a will, 56% of consumers still use a solicitor/law firm, and when getting legal help arranging probate over 8 out of 10 consumers use a solicitor or law firm. However, some start-ups are beginning to take a growing share of the market. The number of law firms and solicitors working on contentious wills, probate, and trusts has increased again in 2020 following similar increases in 2018 and 2019.
The UK Wills, Probate & Trusts Market Report 2020 is the seventh edition of an annual research report from IRN Research. The report provides a review of the Wills, Probate & Trusts market, looking at the market structure, key issues and new developments, market size and trends, the key players, future market developments, opinion survey of practitioners.
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