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The Kings Court Trust Blog

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

Kings Court Trust

Recent Posts

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
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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Who died first? The latest High Court battle over inheritance

on Aug 16, 2019 10:33:00 AM By | Kings Court Trust | Will Disputes Inheritance Disputes
The number of inheritance disputes reaching the England and Wales High Court has dramatically increased over the last 15 years. In 2005, there were just 15 cases brought to the High Court under the Inheritance (Provisions for Family and Dependants) Act 1975, compared to 158 cases in 2016. These statistics only cover a small proportion of the overall number of inheritance disputes as many arguments will be settled before reaching the High Court.
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Handwritten Will found under sofa cushion in Aretha Franklin’s home

Aretha Franklin died on the 16th of August 2018 at the age of 76 after an ongoing battle with pancreatic cancer. Recent news reports have now revealed how a handwritten Will has been discovered under a sofa cushion in the Queen of Soul’s home in Detroit. To ensure the Will’s validity, it is being examined by a handwriting expert.
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Introducing our new probate and estate administration solutions

At Kings Court Trust we’ve always been passionate about helping families at the difficult time of dealing with a bereavement. We achieve this by taking care of the practicalities after death so you can focus on life’s important moments. We’re pleased to announce a group of new estate solutions that will allow us to help even more families.
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Inheritance Tax investigations: Executors liable for mistakes

on Aug 5, 2019 2:49:26 PM By | Kings Court Trust | Executors Inheritance Tax
HM Revenue and Customs (HMRC) opened a staggering 5,537 Inheritance Tax investigations in the 2018-2019 tax year, which is a 3.4% increase in comparison to the previous 2017-2018 tax year. To put this number into perspective, this equates to nearly a quarter (23%) of the 22,000 estates where Inheritance Tax is due. With such an incredibly high proportion of estates affected, it raises concerns about whether those responsible for paying Inheritance Tax are aware of the risks if they make mistakes.
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The Office of Tax Simplification makes more recommendations to simplify Inheritance Tax

on Jul 17, 2019 1:05:20 PM By | Kings Court Trust | Inheritance Tax
The Office of Tax Simplification (OTS) has published its second report on Inheritance Tax. The report comes after the Chancellor requested a review of administrative and technical aspects of the tax back in January 2018. The first report was released in November 2018 and covered the administration of Inheritance Tax. This second report now explores the key complexities and technical issues that arise from the way the tax works.
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