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The Kings Court Trust Blog

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

Do I need a Solicitor for probate?

Following a bereavement, there are a number of tasks that need to be completed, which can make an already difficult time even more stressful. The Executor (if there is a Will) or Administrator (if there is no Will) is responsible for administering the deceased’s estate as per the wishes in their Will. They should consider: Whether probate is needed What’s involved in the probate process Whether a probate Solicitor is required In this blog, we aim to answer these queries and alleviate confusion around the probate application process.
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What to do when someone dies and how COVID-19 has changed processes

on 27-May-2021 10:32:13 By | Kings Court Trust | Bereavement Death Executors
When a loved one passes away, there are a number of tasks that need to be considered and it can often be a daunting process knowing where to start. The introduction of The Coronavirus Act 2020 that came into force throughout the United Kingdom in March last year (where most provisions will remain in force for two years with regular reviews by Parliament) has simplified the process of death certification for medical professionals. However, other tasks within the process have experienced delays and ongoing restrictions which have contributed to making a difficult time even more stressful. This blog aims to set out the different stages that need to be considered when a loved one passes away and will explore how COVID-19 has impacted processes.
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Dying matters: Selecting the Executors of your Will

on 13-May-2021 11:24:20 By | Kings Court Trust | Estate Planning Executors Wills
For many families, discussions about death are difficult to digest and 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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The Executor guide: Understanding your role

on 29-Aug-2019 09:00:00 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 05-Aug-2019 14:49:26 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 07-Sep-2015 09:00:00 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…?

Are you the Personal Representative (PR) of someone’s estate?
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