The Kings Court Trust Blog

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

8 life events that should trigger a Will update

Life isn’t predictable nor does it happen in any specific order. Some people may get married at 21 or others at 60. Some may get divorced while others may have an opportunity to move to a new continent every few years.  Whatever path we are led down in life, there is one thing that applies to us all – we will experience events that trigger the need to create and update a Will.
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5 steps to creating a simple digital estate plan

When someone starts planning for the management of their estate, it often includes things like who will inherit property, who may care for a dependent child or what should happen with various personal belongings. One thing that often gets overlooked is what happens to their digital assets.
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Legacy and in-memory giving set to double by 2045

on 11-Feb-2020 12:59:21 By | Kings Court Trust | Charity Legacy legacy Foresight Wills
The number of gifts left to charities in Wills each year is set to increase from 120,000 to 200,000 by 2045, reaching a value of £10 billion. This is due to various factors including increases in deaths, more individuals leaving behind Wills and a higher proportion of people leaving gifts in their Will, according to a report by Legacy Foresight.
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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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272-year-old legacy could see teenage boys receive £20,000

The Courier has recently published an article about a unique 272-year-old legacy left by Charles Cairnie, a Perth shoemaker.
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Facebook Legacy Contacts Now Available

This may come as a bit of a surprise to some - in the latest news from Facebook they are allowing users to choose a legacy contact to take control of their account after they have passed away. According to a blog post from the social network, the site is "a place to share and connect with friends and family [and] remember and honour those we've lost"; with this in mind, the profile of a deceased loved one can become "a memorial of their life", updated and maintained by those who love them.
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UK Inheritance Figures Total £75bn from 2008-2010

The Office of National Statistics (ONS) has published an analysis of inheritance patterns in the UK.
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Margaret Thatcher's Legacy Details Remain Unknown

on 08-May-2013 09:00:00 By | Kings Court Trust | Estate Administration Blog Funeral Legacy
Britain said its last goodbye to Margaret Thatcher last month, when she was laid to rest with prayers and ceremony, but her financial legacy is still shrouded in mystery. The Iron Lady, a grocer's daughter who rose to become the country's first female prime minister, passed away peacefully while staying at the world-famous Ritz hotel, owned by her long-time supporters and media businessmen, the Barclay brothers.
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Legacies to Peak in 2047 and Halve Within 15 Years…

on 03-Oct-2011 09:00:00 By | Kings Court Trust | Beneficiaries Blog Legacy Wills
According to a recent HSBC survey ‘The Age of Inheritance’, the average legacy received today is £46,000, although half of all people who inherit actually receive under £10,000.
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