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The Kings Court Trust Blog

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

Understanding Inheritance Tax & allowances

on 26-Aug-2021 11:45:50 By | Kings Court Trust | Gifts IHT Inheritance Tax
Inheritance Tax (IHT) can be a difficult concept to comprehend, especially for those who have never had to attempt the complex process of dealing with a loved one’s taxable estate before. To put it simply, IHT is a tax that is paid upon an estate of someone who has died.
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Legacy income boost for charities

Recent statistics have highlighted that the UK is becoming more generous in the amounts they leave to charity. However, what may be surprising is that we are leaving more inheritance to animal charities than those that protect our children!
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Charity Income From Gifts In Wills Increase By Nearly 10%

We were very happy to discover recently that Legacy Foresight figures showed its members received a combined income of £1.16 billion in the 12 months leading to June of this year, Third Sector reports. Legacy Foresight are analysts of the legacy and in-memoriam sectors and gather data from 67 charities.
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