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The Kings Court Trust Blog

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

New tax figures contribute to the rising cost of death

on Oct 21, 2019 11:39:43 AM By | Kings Court Trust | Death Industry News Inheritance Tax
A recent report by the Taxpayers’ Alliance projects that the government will receive £5.35 billion in Inheritance Tax from grieving relatives in the 2019 to 2020 tax year. This is the highest amount of Inheritance Tax ever collected in by the government and it’s predicted to keep growing.
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Rock star or not, everyone needs a Will

The death of David Bowie last month caused a generation to mourn the loss of one of the world's most charismatic musical stars.  The man associated with numerous wild and wacky on-stage personas was perhaps one of the last people you would associate with planning for his death and making sure that his financial situation was left in a highly organised manner.
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The emotional stress of dealing with a bereavement

A recent article by The Telegraph has detailed the emotional stress that dealing with the death of a loved one can cause, including the anxiety of having to deal with the taxman when it comes to Inheritance Tax (IHT).
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Average cost of professionally written Wills drop

The average cost of a standard Will produced by a solicitor has dropped in the UK, according to IRN Research.  Within the last 12 months, the cost of a professionally produced will has decreased from £124 to £118.
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The risk of miscalculating your Inheritance Tax - You could be branded a criminal

Ordinary individuals inheriting assets from overseas could risk criminal charges if they miscalculate the tax owed, reports The Telegraph.
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Regulation of Will writing popular amongst the public

The public are in favour of Will writing becoming a regulated practice and are hoping the UK government will soon look to implement some form of regulation in the near future, according to the Law Gazette.
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UK Councils pick up £1.7m bill for so-called 'paupers funerals'

on Nov 30, 2015 9:00:00 AM By | Kings Court Trust | Funeral Industry News Probate
The BBC has reported that the cost of public health funerals, also known as paupers’ funerals, has risen by almost 30% to £1.7m in the past four years.  The number of these funerals taking place has also risen by 11% over the same period.
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Banks change limits on monetary releases following death

Following sustained and increasingly vocal lobbying from customers and consumer groups, a number of leading UK banks have increased the amount of money that can be released from deceased customer accounts to their grieving families without first having to apply for probate, This Is Money reports.
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Labour makes calls for significant changes to Inheritance Tax Laws

on Oct 1, 2015 9:00:00 AM By | Kings Court Trust | IHT Industry News Inheritance Tax
The new leader of the Labour party, Jeremy Corbyn, has called for significant changes to be made to Inheritance Tax (IHT) laws, arguing that regulations should be graded to make the process fairer.
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