In a situation as sensitive as probate, committing fraud may seem almost incomprehensible. This does not however, mean that it does not occur, with some individuals abandoning any consideration for the bereaved and committing fraud in regards to the assets of the deceased.
By taking advantage of the dead or someone who is close to passing, the fraudster may help themselves to assets, personal possessions or money that was never meant for them. Therefore, it is essential that probate is dealt with in the most effective way.
Probate can often be manipulated by many, resulting in greater opportunity for fraud.
Examples of such fraud include:
– Coercion while the deceased was still alive
– Removal of assets
– Misuse of executor power
Probate fraud has been less common in the past, with an estimated annual cost of around £50 million. With the current believed cost of probate fraud reaching around £150 million per year, it is likely the previous total was significantly underestimated. This is according to the Society of Trust and Estate Practitioners (STEP), who also said that around 50% of solicitors questioned stated they had encountered fraudulent cases within the last year.
Why is this fraud becoming more common?
A report by STEP said ‘it is just too easy.’ Although the beneficiaries benefit from an estate, UK law states they are not able to view the accounts. This is down to the executor. They have a duty to answer any questions, but could easily keep beneficiaries’ in the dark.
Increasing amounts of probate fraud are also taking place online. An email may be sent from an imposter claiming to be a solicitor regarding a substantial sum they may be entitled to as a beneficiary. Before any further information is released however, the fraudster will request funds to cover any tax or other costs. Whilst some of these emails may be easily detected as scams, others are more refined, with false documents even being attached. As technology develops and methods used by fraudsters become more sophisticated, the likelihood of falling victim to a scam only increases.
Avoid the scams
It is important to act preventively, as well as being aware of what to be on the look-out for, such as:
– Large transfers of money or property
– Disappearance of valuable items
– Sudden alteration of a will not long before death
It is important to consider these occurrences with great care and get a professional opinion if you have any serious suspicions. Ideally, preventive measures are a more effective means of avoiding the fraud in the first place.
Use a professional – seek out those with proven credibility and competence in dealing with probate cases. They will have sufficient knowledge to handle the deceased’s estate capably. For instance take advantage of the Society of Will Writers Trust Corporation who specialise in probate work, and who offer flexible arrangements to suit you all at a very reasonable rate.
Make a will – intestacy (dying without a will) can lead to complications much greater than fraud so this step is vital. Stating clearly who executors and beneficiaries are, prevents relatives from sorting out the often complex matter between themselves. Call me on 0151 559 0695 or email at email@example.com for further professional advice.
Famously, in Shakespeare’s will, he left his ‘second-best bed’ to his wife Anne and here at Border Wills we can help you set down your legacy too. Take inspiration from the quirkiest instructions ever left in wills – one thing they all prove is that writing a will doesn’t have to be deadly serious.
Chemist Fredric Baur patented the design of the Pringles tube in the 1960s, and requested in his will that some of his ashes be buried in one of his iconic inventions. Baur’s children honoured his request.
Famous contortionist and escapologist Harry Houdini left instructions that his wife Bess should hold a séance every year to see whether he appeared from beyond the grave. He wrote a note detailing the message he’d communicate from the other side. Bess faithfully held a séance every Halloween – the anniversary of his death in 1926 – for ten years.
The longest known will was made by Mrs Frederica Cook who died in 1925 – it was 95,940 words and four volumes in length. The shortest known will was made by a man who simply wrote ‘all for mother’.
People in Portugal got lucky – 70 people in Lisbon, to be precise – when their names were randomly selected from the phone directory by aristocrat Luis Carlos de Noronha Cabral da Camara. They were to become beneficiaries to his estate, which consisted of a 12-room apartment in central Lisbon, a house in the north of Portugal, a car and 25,000 euros. ‘Every day you hear of pranks people play,’ one of the shocked and initially suspicious benefactors told a Portuguese newspaper in 2007 when Luis Carlos had died and she’d received a phone call about her inheritance.
Forget leaving it all to the local cats’ home – Jonathan Jackson of Ohio, went one further when he drew up his will in the late 19th Century, bequeathing money for the creation of a ‘cat house’ in which the feline residents were to have their own sleeping quarters, dining hall, conversation room and auditorium where they could listen to the accordion. ‘It is man’s duty as lord of animals to watch over and protect the lesser and feebler,’ he stated.
US comedian and actor, Jack Benny, left a rather lovely legacy to his wife Mary after he died in 1974 – every day, for the rest of her life, the florist would deliver one long-stemmed, red rose to her door.
Wiltshire man, Stephen Cuthbert’s will, written in 2002 requested that, if possible, his body was to be transported to the crematorium in the back of a Cortina estate. In addition to this, ‘a piss-up is to be held at a venue to be decided by my trustees and to be funded entirely by my estate’.
When Albert Orton from Coventry died in 1888, he left his wife the sum of one farthing – because of ‘the treatment I have received at her hands’, according to his will, that included calling him a ‘rotten old pig’ when he broke wind in her presence, even though he was ill at the time.
Whether your bequests are barking or benevolent, we at Border Wills are your local will writing experts. Give us a call on 0151 559 0695 or email us on firstname.lastname@example.org for a chat about writing a will.