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The Kings Court Trust Blog

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

How much tax is payable to HMRC on a deceased person's estate?

on May 29, 2019 10:33:30 AM By | Kings Court Trust | Inheritance Tax
This blog post explores how Inheritance Tax works and which other taxes HMRC applies to a deceased person's estate.
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Breaking traditions and marking historical changes: how the royal baby highlights the importance of planning ahead

on May 20, 2019 10:59:57 AM By | Kings Court Trust | Estate Planning Wills
Prince Harry and Meghan Markle tied the knot at Windsor Castle on the 19th of May 2018. Almost one year on, in the early hours of the 6th May 2019 the couple welcomed baby boy, Archie Harrison Mountbatten-Windsor, into the family.
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Probate applications suffer severe processing delays

Probate Registries in England and Wales are currently reporting severe delays on Grant of Probate and Grant of Letter of Administration applications. Due to the rollout of a new IT case management system, the process has been dramatically slowed down. This means that it’s taking longer for the Registries to process applications for Grants of Probate and Letters of Administration.  
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HM Courts and Tribunals Service centralisation plan to include closing probate registries

on Apr 24, 2019 2:02:44 PM By | Kings Court Trust | Grant of Probate Probate
According to the Law Society Gazette, the Ministry of Justice plans to close local probate registries and move the work to just one central location in Birmingham. Currently, there are ten remaining regional probate registries in England and Wales and staff have reportedly been informed of plans to scale back operations and shut down the sites in due course.
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The increasing need for end of life care: Can we handle it?

on Apr 17, 2019 12:30:52 PM By | Kings Court Trust | Estate Planning Care
Recently published official statistics from Public Health England revealed that in 2018, there were 10.1 English care home beds for every 100 people aged 75 years and older and 4.9 nursing home beds for every 100 people aged 75+. Both figures show that the trend over the last 5 years is gradually decreasing, resulting in less care and nursing home beds for the older generation.
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Businessman takes £105million worth of cryptocurrency to his grave

on Mar 20, 2019 4:50:31 PM By | Kings Court Trust | Estate Administration Cryptocurrency
Cryptocurrency has only become a popular topic of conversation in the last few years so it may come as a surprise to learn that cryptocurrencies have been in existence for over a decade. As cryptocurrency celebrated its 10th birthday, the digital currency hit the headlines as a man died suddenly without sharing his computer password or recovery key.
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Inheritance disputes set to increase as more British adults are willing to dispute a Will

on Mar 13, 2019 11:31:08 AM 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 happens to your loyalty points when you die?

on Feb 28, 2019 10:38:20 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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Sir Ken Dodd's lasting legacy avoids Inheritance Tax

on Feb 19, 2019 10:00:00 AM By | Kings Court Trust |
The comedy king of one-liners, Sir Ken Arthur Dodd OBE, left behind a truly remarkable legacy after his death on the 11th of March 2018, at the age of 90. Sir Ken Dodd’s long and successful career spanned over 60 years and he was often described as “the last great music hall entertainer”. Sir Ken lived in Knotty Ash in Liverpool for his entire life, and was even born and passed away in the same family home.
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