An old woman leaves a will, drafted for her by her lawyers, leaving more than half a million quid to the government of the day, no matter which political party was in power at the time of her death, and what do politicians do? They try to take this money for their narrow party political purposes, although it should have been obvious that the donor was intending for it to be used on something worthwhile, like health or education.
Still, that was some pretty weird will. The woman might just as well have left the money to the ‘most honest politicians’ in parliament, without specifying the name or party affiliations. I’m sorry, but I blame her lawyers who were playing their usual games by drawing up a will like that and not advising their client to do something reasonable instead with her money. As a result the money went to the war chests of the Conservative and Liberal Democratic parties, but then the story came out and they returned to the lawyers, as both parts of the coalitions decided that it might put them in a bad light. As if they are not in it already, the unelected creeps.
Now let me tell you what is going to happen to this money now. It is going to stay in the client’s account of the solicitors, who will ponder for years what to do with it, charging the firm’s hourly fees for their trouble. Because that what lawyers do when they become executors of people’s wills. They drag their feet and keep the money for as long as possible, paying themselves out of the beneficiaries inheritance.
There is an old saying in the legal profession: ‘The wealth of a law firm is determined by the number of wills they hold in their safes.’ Those people, who go to the trouble and expense to have one’s wishes drawn up in a clear and unambiguous manner, as to what is to be done with our estates after death, die with the belief that their wishes will be respected by the named executors. Unfortunately nearly every person who instructs solicitors to draw up their last Will and Testament, is persuaded by the solicitor to appoint them as their executors. In the event the solicitors have persuaded their client to appoint their executors, the solicitors usually insert a charging clause at the end of the text, so that immediately following the death of the client, the solicitor can charge his firm’s hourly rate to the estate for every minute he or she claims to have spent acting on behalf of the estate.
Many members of the legal profession claim that the two most profitable areas of the law to practice in are divorces and death. But its being appointed as an executor of wills that has always been a nice little earner.
This latest scandal begs the question: who is going to pay for the unnecessary professional fees that have been incurred on behalf of this woman’s estate? The answer should be pretty obvious: they will be deducted from the estate in the normal manner.