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The Kings Court Trust Blog

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

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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Probate applications continue to suffer severe delays

Back in May 2019, we wrote about how probate registries in England and Wales were suffering from processing delays on Grant of Probate and Grant of Letter of Administration applications. We’re now a couple of months down the line and the backlog continues. Therefore, we wanted to provide our clients and business partners with another update.
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Understanding estate administration: A guide for families

on Jun 24, 2019 11:55:18 AM By | Kings Court Trust | Estate Administration Probate
Following a bereavement, there are a number of tasks to be considered and completed. These tasks are not always straightforward and can include dealing with difficult legal and tax affairs. We understand that this can make an already difficult time even more stressful. That’s why we’ve created this guide to help you understand your responsibilities and options, as well as what needs to be done.
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Over £30million in Bitcoin stolen raising concerns about the safety of cryptocurrency

on Jun 12, 2019 10:45:20 AM By | Kings Court Trust | Digital Assets Cryptocurrency
Cryptocurrency is digital money that is stored in a virtual wallet and uses encryption techniques to generate currency and verify the transfer of funds. Want to learn more about what cryptocurrency is and how it can impact future inheritances? Read our previous blog post which goes into detail about the digital currency.
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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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What is the difference between probate and estate administration?

on May 16, 2019 10:18:00 AM By | Kings Court Trust |
When someone close to you dies, it is easy to get overwhelmed by all of the tasks to be considered and the unfamiliar language associated with them. Firstly, it is important to understand the basics so this blog post aims to answer some of the most common questions associated with handling an individual’s estate after they have died including ‘what is probate?’, ‘what is estate administration’ and ‘what is the difference between probate and estate administration?’.
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