Being named as an Executor in a Will comes with significant responsibility, from valuing all the assets and liabilities, applying for the Grant of Probate, and ensuring all taxes are finalised before distributing the estate. But what happens if the person appointed as Executor loses mental capacity before or during the estate administration process? In this blog, we explain the implications, legal considerations, and possible solutions to ensure the estate is administered efficiently.

When it comes to estate administration, dealing with shareholdings can be one of the most intricate tasks faced by the Executors or Personal Representatives (PRs) responsible for administering a deceased person's estate. Shares often come with a maze of administrative, financial, and legal hurdles that require specialist expertise to navigate efficiently. At Kings Court Trust, we understand these complexities and provide tailored support to ensure every estate is handled with precision and care. This blog delves into some of the common challenges of shareholdings in estate administration and how to address them effectively.

When it comes to probate and estate administration in the UK, the regulatory landscape extends beyond the Solicitors Regulation Authority (SRA). Many organisations, including the Institute of Chartered Accountants in England and Wales (ICAEW), also regulate these services, ensuring high standards and professionalism.

When someone passes away, probate may be required before their assets can be dealt with. This blog discusses what probate is, when is probate required, and what are some of the UK financial institution thresholds.

When dealing with the death of a loved one, many Executors find themselves worrying about the costs of administering the estate and how fees can be paid. Acting as an Executor or Administrator is not a paid role, and it’s common to feel concerned that it may leave you out of pocket. In this blog, we’ll cover what probate is and whether probate (and other fees) can be paid out of the estate.

In certain circumstances, HMRC will allow a Personal Representative to postpone payment of all or part of the tax and interest due on delivery of an account. This is referred to as a Grant on credit.

Probate is the process of obtaining a Grant of Probate, which is the legal document that an Executor may have to obtain in order to administer the estate of someone who has passed away. Many people choose to instruct a professional to apply for probate on their behalf, as it involves complicated processes, a lot of paperwork, and legal knowledge.

A Grant of Representation is a legal document obtained from the Probate Registry in England and Wales. It gives a person(s) the authority to administer the estate and assets of someone who has passed away. Whoever is named on the document is usually someone who was close to and trusted by the person who has died, as it proves they have been entrusted with the responsibility to handle the deceased person’s affairs.

In the UK, the Executor of a Willis responsible for managing the estate of a deceased person, paying any debts and taxes, and distributing the remaining assets according to the terms of the Will. The specific duties of an Executor may include: