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A guide to resealed Grants: Foreign probate in England and Wales

on 21-Oct-2024 09:00:00 By | Vicki Keepen |
When a person who is domiciled in a foreign country passes away, and holds assets in England and Wales, a Grant of Representation may be required to administer their estate. However, if a Grant has already been obtained in a foreign jurisdiction, there is a process known as resealing the Grant. This allows the foreign Grant to be recognised in England and Wales without the need to apply for a new one. In this guide, we’ll explore what resealed Grants are, how the resealing process works, and what challenges can arise.
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Residential Nil Rate Band in the UK

on 27-Sep-2024 00:00:00 By | Kings Court Trust |
The Residence Nil-Rate Band (RNRB) was introduced as part of a broader effort by the UK government to alleviate the impact of Inheritance Tax (IHT) on middle-class families, particularly those whose primary asset was the family home. It was first announced in the 2015 Summer Budget by then-Chancellor, George Osborne. The government recognized that rising property prices were pushing more estates over the IHT threshold, and many families were being forced to pay large tax bills on modest estates, especially when passing down family homes to children or grandchildren.
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Revolutionising Death Certification: Introduction of Medical Examiners

on 16-Sep-2024 09:00:00 By | Kings Court Trust |
Starting from 9 September 2024 in England and Wales all deaths will have to be referred to Medical Examiners. In this blog, we give a quick overview of the incoming changes and how they are revolutionising death certification.
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Breaking the Stigma: Understanding Probate Regulation Beyond the SRA

on 02-Sep-2024 09:00:00 By | Kings Court Trust |
When it comes to probate and estate administration in the UK, the regulatory landscape extends beyond the Solicitors Regulation Authority (SRA). Many organisations, including the Institute of Chartered Accountants in England and Wales (ICAEW), also regulate these services, ensuring high standards and professionalism.
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Why Having a Professional Executor is Beneficial

on 05-Aug-2024 09:00:00 By | Kings Court Trust |
When considering the role of an Executor, many people underestimate the complexity and responsibilities involved in administering an estate. This oversight can lead to significant financial and emotional burdens, as illustrated in the below case study.
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How does gifting work? – Inheritance Tax edition

on 22-Jul-2024 09:00:00 By | Kings Court Trust |
If you missed our social media gifting series from June and July,we've consolidated all our posts and are taking the opportunity to delve deeper into the nuances of Inheritance Tax (IHT) and gifting.
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Understanding Inheritance Tax in the UK: Key Considerations

on 27-Jun-2024 16:41:02 By | Kings Court Trust |
Inheritance Tax (IHT) is a significant concern for many families in the UK. With frozen thresholds and increasing property values, more estates are subject to this tax. This blog explores the essentials of IHT and offers insights into mitigating its impact. While we are experts in estate administration, we do not provide financial advice. Our goal is to assist you with the probate process and estate administration.
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When is probate required? UK financial institution thresholds

on 25-Jun-2024 15:52:51 By | Charlotte Toogood |
When someone passes away, probate may be required before their assets can be dealt with. This blog discusses what probate is, when is probate required, and what are some of the UK financial institution thresholds.
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Can probate fees be paid from the estate?

on 25-Jun-2024 15:51:49 By | Charlotte Toogood |
When dealing with the death of a loved one, many Executors find themselves worrying about the costs of administering the estate and how fees can be paid. Acting as an Executor or Administrator is not a paid role, and it’s common to feel concerned that it may leave you out of pocket. In this blog, we’ll cover what probate is and whether probate (and other fees) can be paid out of the estate.
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