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The Kings Court Trust Blog

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

Outdated Wills Could Cost Up to £10,000

on Oct 23, 2014 9:00:00 AM By | Kings Court Trust | Will Writing Industry News Will Making Wills
At KCT we were quite shocked when we came across a recent article in The Telegraph stating that the cost of dying with an outdated will could reach nearly £10,000 in lost assets, according to research from the paid-for will registration service Wills & Assets. It was discovered that around 175,000 Britons find it hard to track down certain assets left by deceased family members – resulting in a combined £175 million worth being lost every year.
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Changes to Inheritance Law Encouraging Adults To Make A Will

on Oct 2, 2014 9:00:00 AM By | Kings Court Trust | Industry News Will Making Wills
As reported only yesterday by BBC News, recent changes to inheritance laws are encouraging more adults to make a will or update their existing one. The changes are the first significant ones to effect the Rules of Intestacy since they came into effect in 1925, and now declare that if a person dies without leaving a will and they are in a civil partnership or married, without children or other descendants, then their partner will receive 100% of the estate.
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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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Will Disputes - Why Are The Number of Cases Rising?

We recently came across an article on Money Observer which discussed the possible reasons behind why the number of will disputes has been steadily rising over the past few years – information we at Kings Court Trust are of course very interested in.
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Internet Overtakes Friends and Family As Main Way to Find a Solicitor

on Jul 31, 2014 9:00:00 AM By | Kings Court Trust | Will Writing Industry News Will Making Wills
Clients are significantly more likely to find a solicitor through the internet than by asking friends or family, a major study of over 2,000 people has found.
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Government Plans to Promote LPAs and Will-Making

The government is to hold a ‘life planning day’ next year to raise awareness of lasting powers of attorney (LPAs) and other life planning mechanisms including will-making and advance decisions.
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