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The Kings Court Trust Blog

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

What to Do When Someone Dies: Do I Need a Probate Solicitor?

Following a bereavement, there are a number of tasks that need to be considered and completed which can make an already difficult time even more stressful. The things you might need to consider is whether you need probate, what’s involved in the probate process and if you need a probate solicitor. In this blog post, we aim to answer these queries and take away the confusion that surrounds this topic.
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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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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 risks and responsibilities of an Executor or Administrator: How to avoid a hefty Inheritance Tax bill

A recent article from the Telegraph revealed how a personal representative was left with a staggering Inheritance Tax (IHT) bill of £341,278 when he was administering a £1.2 million estate. Mr Harris misguidedly distributed the assets to the beneficiaries before all of the Inheritance Tax had been paid. He did this with the understanding that one beneficiary (who received the majority of the estate) would pay any Inheritance Tax that was still owed. However, this did not happen as the beneficiary left the country without paying, leaving Mr Harris to foot the bill.
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The Responsibilities of Becoming an Executor

on Sep 7, 2015 9:00:00 AM By | Kings Court Trust | Blog Executors KCT
Here at Kings Court Trust (KCT), we are often asked about the responsibilities of becoming an executor and what this actually entails. 
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What Not to Do When Estate Planning

With new Inheritance Tax (IHT) rules having been announced as part of the Government’s summer Budget, estate planning and the way in which assets are managed are in the news once again. IHT should be a prime consideration when planning how your estate is distributed and the recent rule changes are likely to lead to a number of people re-thinking their Wills should their estates be effected.
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DIY Probate - Did You Know…?

on Jan 22, 2013 9:00:00 AM By | Kings Court Trust | Blog DIY Probate Executors Personal Liability
Are you the Personal Representative (PR) of someone’s estate?
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Why is Executor Choice Important?

Having a Will in place is essential to ensure your property and assets are distributed according to your wishes after you pass away. It is also important to carefully choose the Executor(s) of your Will.
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DIYers - Beware of Tax Penalties for Innacuracy

Grace Li is Tax Manager at Kings Court Trust and explains what it means to be the Personal Representative of someone’s estate and what you should be aware of when it comes to submitting Inheritance Tax (IHT) forms and other documents to HM Revenue & Customs (HMRC).
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