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The Kings Court Trust Blog

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

Inheritance Tax relief on charitable donations leading to more contested Wills

The Solicitors Journal recently published an article which claimed that an increase in the number of people leaving charitable donations in their Wills is leading to a rise in the number of contested cases.
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Plans to Increase SRA's Fining Powers Scrapped

Here at KCT we were very interested in the recent breaking news from the sector that the Solicitors Regulation Authority (SRA) has altered its plans to dramatically increase internal powers to fine 'traditional' law firms and solicitors – as reported by both LegalFutures.co.uk and the Law Gazette.
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Increased Competition To See Probate Cost Fall By 33%

Recent changes to the legal profession have meant that certain activities in the industry are currently being reviewed for deregulation, the Solicitors Journal notes – something we are very interested in keeping up-to-date with. Probate has since become the latest activity to be deregulated; according to a statutory instrument issued in parliament this August, chartered accountants are now allowed to undertake probate if they have passed the required exams, are properly licensed and it is not a contentious case.
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Inheritance Tax Recovery Reaches £3.4 Billion

In a bid to keep up with the latest news regarding inheritance tax and death duties, we came across new figures published in the Solicitors Journal, noting that HMRC recently revealed it has received more than £3.4 billion from inheritance tax (IHT) and death duties in the last 12 months.
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