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What happens to Premium Bonds when someone dies?

on 19-Jul-2023 10:50:00 By | Nigel Merchant |
Please note that Kings Court Trust only deals with Premium Bonds when administering the estate of an owner who has passed away. We are not able to track, claim, or sell Premium Bonds otherwise. When someone passes away, all of their assets must be dealt with as part of the estate administration process. This can include property, personal belongings, cash, bank accounts, and more. One asset that is not as commonly discussed is Premium Bonds. However, Premium Bonds form part of an individual’s estate just like a bank or savings account and therefore must be dealt with when handling the assets.
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What is a chain of representation?

on 03-Jul-2023 15:09:40 By | Nigel Merchant |
The chain of representation refers to the legal framework that allows for the continuous administration of an estate after the death of an individual. When someone is appointed as an Executor under a Grant of Probate (if the deceased had a valid Will) or an Administrator under a Grant of Letters of Administration (if the deceased did not have a valid Will), they become the representative of the deceased person's estate. This representation is formally granted to them by the Probate Registry.
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What is a Deed of Appointment in probate?

on 22-Jun-2023 10:21:58 By | Nigel Merchant |
During the probate and estate administration processes, you may come across unfamiliar jargon; this could include Trusts, Trustees, and Deeds of Appointment. This blog will provide an overview of what a Deed of Appointment is and how it relates to Trusts and probate.
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Cross-border estates: Estate planning for European assets

on 25-May-2023 08:58:20 By | Nigel Merchant |
Many people acquire assets across popular European destinations, such as holiday homes and bank accounts. It’s crucial to ensure that these assets are accounted for during the estate planning process. However, there is often a great deal of confusion around how to incorporate these assets into an estate plan to protect loved ones in the event of death.
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What is a Grant of Letters of Administration?

on 11-May-2023 16:02:50 By | Nigel Merchant |
Dealing with the estate of a loved one after they have passed away can be a complex and emotional process. One important step in the estate administration process can be obtaining a Grant of Letters of Administration (also known as simply Letters of Administration).
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Dying matters: Selecting the Executors of your Will

on 09-May-2023 11:32:00 By | Kings Court Trust |
For many families, discussions about death are difficult to initiate. For those who do manage to have the conversation, it’s often an uncomfortable one to have, as it can be difficult to envisage how life will be without a loved one. Unfortunately, it's inevitable that we will all experience a loss at some point during our lifetime, and in many cases, this happens without previous discussion and little planning in place, which ultimately makes a difficult time even more challenging.
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What is a Grant of Probate?

on 19-Apr-2023 10:04:00 By | Charlotte Toogood |
What is a Grant of Probate? “What is a Grant of Probate?” is a frequently asked question by those newly tasked with administering the estate of a loved one who has recently passed away. A Grant of Probate, commonly referred to as probate, is a legal document that is often required in England and Wales by the Executor(s) (if there is a Will) of a deceased person’s estate. In Scotland, the process is known as Confirmation. A Grant of Probate is often requested by financial institutions to access bank accounts, sell assets, and settle the debts of someone who has died. Once probate is granted, this provides the Executor with the legal authority to administer the deceased’s estate and complete the above tasks.
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What are estate accounts?

on 13-Apr-2023 10:38:58 By | Nigel Merchant |
Estate accounts are one of the final stages in the estate administration process. These accounts are a detailed record of all the financial transactions that have occurred during the administration of an estate.
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What does an Administrator of an estate do?

on 22-Mar-2023 12:19:00 By | Nigel Merchant |
According to research from October 2021, over 10% of over 75s in the UK have not made a Will. When someone dies without leaving a Will, known as dying intestate, it hands one of their relatives a role they may not have been expecting, as an Administrator must be appointed. In this blog, we aim to clarify what an Administrator of an estate does, and we also look at the help available if you find yourself in this position.
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