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The Kings Court Trust Blog

Keeping you up-to-date with Wills, probate and estate administration industry news

Dying matters: Selecting the Executors of your Will

on May 13, 2021 11:24:20 AM By | Kings Court Trust | Estate Planning Executors Wills
For many families, discussions about death are difficult to digest and for those who do manage to have the conversation, it’s often an uncomfortable one to have as it can be difficult to envisage how life will be without a loved one. Unfortunately, it's inevitable that we will all experience a loss at some point during our lifetime, and in many cases, this happens without previous discussion and little planning in place, which ultimately makes a difficult time even more challenging.
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What will happen to Prince Philip’s multimillion pound estate?

on Apr 15, 2021 9:25:01 AM By | Kings Court Trust | Beneficiaries Inheritance Tax Celebrity
The United Kingdom went into national mourning last week as the news broke that His Royal Highness Prince Philip, Duke of Edinburgh, sadly passed away on Friday at the age of 99. He was the longest-serving royal consort in British history, having been married to Her Majesty The Queen for more than seven decades. The question that is now starting to surface within the industry is “what will happen to Prince Philip’s multimillion pound estate?”.
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How to leave your mark: 3 unusual ways to scatter cremation ashes

on Mar 24, 2021 1:11:53 PM By | Kings Court Trust | Funeral
By now, we should all be aware of the importance of creating a Will. However, you may also want to leave other wishes that would not be legally binding in a Will, such as funeral wishes or guidance on where you would like your ashes to be scattered. You can include requests like these within your Will but there is no legal obligation for your loved ones to follow your wishes. There is also a chance that the Will may be retrieved after funeral plans have already begun. Therefore, if you have any funeral wishes or special places for your ashes to be scattered, it is recommended that you directly inform your loved ones during your lifetime.
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Ensuring your affairs are in order: The importance of estate planning

Death is not a subject that we like to consider or discuss, however, planning ahead is more important than ever to ensure your affairs are in order before your passing. Regardless of your age, wealth, health or status, planning for your future can guarantee your wishes are followed and ensure your loved ones get the full benefit of your legacy. Taking the necessary steps and precautions during your lifetime can also eliminate any unnecessary stress that your loved ones may face when administering your estate when the times comes.
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Will the Inheritance Tax rate rise to pay for the COVID-19 pandemic?

on Mar 2, 2021 10:51:41 AM By | Kings Court Trust | Inheritance Tax
Four in 10 people fear the UK Government will increase the current 40 per cent Inheritance Tax (IHT) rate to help cover the cost of the COVID-19 pandemic. The findings, from research by Tower Street Finance among 2,000 UK adults, revealed more than half (54 per cent) think the Government is set to hike the rate of IHT to 50 per cent, three in ten fear a rise to 60 per cent and one in seven predict it could rise to 70 per cent.
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What happens to your loyalty points when you die?

on Feb 18, 2021 10:21:37 AM By | Kings Court Trust | Estate Administration Estate Planning Wills
As we shop, many of us collect loyalty points from multiple companies and throughout a lifetime this can amount to a substantial value. So what happens to unclaimed loyalty points when we die? This blog post explores how different retailers treat rewards and points after death.
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Understanding probate and estate administration

on Jan 26, 2021 12:25:42 PM By | Kings Court Trust | Estate Administration Intestacy Probate
Following a bereavement, there are a number of tasks to be considered which can make an already difficult time even more challenging. Unfortunately, these tasks can often be complex and can include dealing with complicated legal and tax affairs. The process of dealing with someone’s affairs after they have passed away is known as estate administration, which is often misunderstood with the term probate. Although both terms are associated with the same process, they each have different definitions.
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Football hero, Diego Maradona’s complicated financial legacy

The Argentine football icon, Diego Maradona, passed away in November after suffering a heart attack at the age of 60. Maradona’s passing has caused speculation about his wealth and complicated financial legacy, as it’s been suspected that he passed away without a Will.
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TV & radio presenter, Caroline Flack, left no plans for her £2m estate

on Dec 1, 2020 11:51:27 AM By | Kings Court Trust | Will Writing Intestacy Wills Celebrity
In February 2020, the heartbreaking news broke that Caroline Flack, the popular TV and radio presenter, best known for presenting Love Island, sadly took her life at the age of 40.
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