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The Kings Court Trust Blog

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

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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Kate Garraway's story shines the spotlight on the importance of an LPA

It’s a thought no one enjoys pondering, but what would happen if we fell ill or had an accident and were unable to make important decisions for ourselves? Many people believe this only applies as we get older, however, no one is immune to an unfortunate circumstance, which makes it all the more important to think about and plan for sooner rather than later.
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Video Will witnessing to be made legal in England and Wales

on Aug 6, 2020 10:43:45 AM By | Kings Court Trust | Will Making Wills
As of September 2020, the Wills Act 1837 will be amended to allow the two Will witnesses to be virtually or physically present.
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Wills, probate and estate administration in a COVID-19 world

It’s no secret - the Coronavirus (COVID-19) pandemic has posed several challenges to almost every aspect of our lives. The Wills and probate industry is no exception.
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