Guidance for ICAEW members and non-members.
ICAEW is now an approved regulator and licensing authority for probate services. This allows ICAEW Chartered Accountants to be accredited to offer probate services to consumers. There is also the opportunity for ICAEW firms to set up alternative business structures (ABSs). This section explains how your firm can apply, the qualification criteria and which firms are already registered.
If your firm would like to apply to become an accredited firm for probate, please read the following guidance and complete the application forms below.
There are two sets of regulations for probate accredited firms, Probate Regulations and Probate Compensation Scheme Regulations. Please review these below.
Firms authorised or licensed to carry out probate services must make their clients aware of the complaints process. We recommend this information is included in engagement letters for both legal and non-legal services provided by the licensed firm.
Continuing professional development (CPD) is the process of tracking and documenting the skills, knowledge and experience that you gain both formally and informally as you work, beyond any initial training. It's a record of what you experience, learn and then apply.
Answers to popular questions on CPD for Probate.
It's a requirement of the Probate Regulations that firms accredited for probate be subject to the Practice Assurance scheme. The scheme provides a framework of quality assurance principles, and offers practice support and advice, together with monitoring visits.
The Legal Services Act 2007 includes a specific regulatory objective to 'encourage a strong, independent, diverse and effective legal profession' within firms supplying reserved legal services such as probate.
Kreston Reeves became licensed by ICAEW to undertake non-contentious probate work in November 2014.