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The Kings Court Trust Blog

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

Legacy and in-memory giving set to double by 2045

on Feb 11, 2020 12:59:21 PM By | Kings Court Trust | Charity Legacy legacy Foresight Wills
The number of gifts left to charities in Wills each year is set to increase from 120,000 to 200,000 by 2045, reaching a value of £10 billion. This is due to various factors including increases in deaths, more individuals leaving behind Wills and a higher proportion of people leaving gifts in their Will, according to a report by Legacy Foresight.
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Inheritance disputes set to increase as more British adults are willing to dispute a Will

on Jan 9, 2020 2:52:00 PM By | Kings Court Trust | Will Disputes Inheritance Disputes
Recent research highlights the increasing likelihood of disputes over inheritance. According to Direct Line Life Insurance, 12.6 million British adults would be prepared to dispute a Will and go to court if they disagreed with the division of their relative’s estate. On average, 22% of UK residents would contest a loved one’s Will, 13% would be willing to contest their parent’s Will, and 11% would contest their partner’s Will*.
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What to Do When Someone Dies: Do I Need a Probate Solicitor?

Following a bereavement, there are a number of tasks that need to be considered and completed which can make an already difficult time even more stressful. The things you might need to consider is whether you need probate, what’s involved in the probate process and if you need a probate solicitor. In this blog post, we aim to answer these queries and take away the confusion that surrounds this topic.
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The proposal to increase probate fees is dropped

on Oct 23, 2019 10:02:04 AM By | Kings Court Trust | Probate Fees Tax Probate Delays
On Monday 14th October the Secretary of State for Justice, Robert Buckland, announced that the proposal to dramatically increase probate fees will be withdrawn after months of awaiting parliamentary approval.
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New tax figures contribute to the rising cost of death

on Oct 21, 2019 11:39:43 AM By | Kings Court Trust | Death Industry News Inheritance Tax
A recent report by the Taxpayers’ Alliance projects that the government will receive £5.35 billion in Inheritance Tax from grieving relatives in the 2019 to 2020 tax year. This is the highest amount of Inheritance Tax ever collected in by the government and it’s predicted to keep growing.
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Could more changes to Inheritance Tax be on the horizon?

At a Conservative conference fringe event organised by the Institute of Economic Affairs and the Taxpayers’ Alliance, Chancellor Sajid Javid hinted that he could cut Inheritance Tax. After being asked whether he would scrap the tax, Sajid Javid shared how he understood arguments against the tax and suggested that he’s considering changes.
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Cohabiting couple families continue to grow

on Sep 25, 2019 12:38:01 PM By | Kings Court Trust | Wills Family Dynamics Cohabiting Couples
The latest family and household figures released by the Office for National Statistics (ONS) reveal that the number of cohabiting couple families continues to grow. Between 2008 to 2018, there has been a 25.8% increase in families of this type. Cohabiting couple families are even growing faster than married couple and lone parent families.
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Probate fees from July 2019

on Sep 10, 2019 9:29:00 AM By | Kings Court Trust | Grant of Probate Probate Probate Fees
As of Monday 14th October 2019, the proposal to increase probate fees has been withdrawn. Click here to read our latest blog post on the matter. On 22 July 2019, HM Courts & Tribunals Service released revised probate fees including costs for applications and additional copies of the Grant of Representation. Although the cost of the application has not changed, any additional copies will now be charged at £1.50 per copy, rather than the 50p that was previously charged.
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The Executor guide: Understanding your role

on Aug 29, 2019 9:00:00 AM By | Kings Court Trust | Estate Administration Executors Wills
A substantial number of people act as an Executor every year, however, many people are still unaware of the responsibilities that come with the role. This guide aims to explain what it means to be an Executor, as well as what tasks could be involved. It also shares the risks you’ll face in the role, and inform you of your options when it comes to acting as an Executor.
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