Blog

The Kings Court Trust Blog

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

Intergenerational wealth transfers: The risk and opportunity upon the death of your client

By David Masterton, Chief Revenue Officer, Kings Court Trust If you work in the wealth management industry, you’re already likely to be familiar with intergenerational wealth transfers and the associated risks and opportunities that they present to your practice. Although, from my experience, many Financial Advisers have only just scratched the surface and are still unaware of the importance of acting now to retain funds under management upon the death of a client.
Read More

2020: The year in review

on Dec 10, 2020 9:36:57 AM By | Kings Court Trust | Estate Administration Blog Wills COVID-19
Looking back to our first blog of 2020 where we predicted what could make headlines throughout the year, there was definitely a prediction that did not make the list – a global pandemic that would affect our personal and professional lives in unprecedented ways. Aside from the pandemic, we saw some other news that impacted the estate administration industry, as well as accomplishments from Kings Court Trust that have affected how we work with each of you.
Read More

Why digital assets should be included in a Will

on Nov 11, 2020 4:10:30 PM By | Kings Court Trust | Estate Administration Blog Digital Assets Will
Traditionally, cash, properties, high value possessions, investments, etc. all formed part of a person’s estate when they passed away. However, in the 21st century, digital assets are becoming more and more common when administering an estate.
Read More

Should Will registration be mandatory?

on Oct 21, 2020 3:57:40 PM By | Kings Court Trust | Blog Will
£15 billion – This is the estimated value of unclaimed assets shown to be outstanding in recent research by The Independent. The reason these assets were unclaimed? Simply because a Will could not be located.
Read More

Virtual Will witnessing: Are we at risk of seeing more disputed Wills?

on Oct 14, 2020 11:05:18 AM By | Kings Court Trust | Blog Will Will Disputes COVID-19
In August, we published a blog on the changes being made to the Wills Act 1837, which prescribes how Wills are to be created in the UK. These changes are have now taken effect, so how do professionals feel about the amendment? They’re quite torn.
Read More

Inheritance Tax receipts decrease for the first time in a decade

In a recent report from HM Revenue and Customs (HMRC), it was shown that the amount of income generated from Inheritance Tax (IHT) decreased to £5.2 billion last year, which is a decrease of £223 million or 4%. This was the first decrease in a decade. The last decrease was seen in 2009/2010 when estate values took a hit following the global recession. Since then, the amount of tax paid rose annually at a steady rate of an average of 3% or £4,200 per estate.
Read More

Transparency: An overview of compliance within the legal services industry

on Jul 7, 2020 2:59:15 PM By | Kings Court Trust | Regulation SRA Compliance
Transparency is a critical element in the legal services industry as it ensures the public is able to make informed choices before instructing a firm by having accurate and relevant information about that firm.
Read More

An interview with Will Management Services: Improving the client journey from first touch to death and beyond

We spoke with Linda Fisher, Will and Estate Planning Manager, and Sarah Corp, Senior Will Writer to find out about how Will Management Services works in partnership with Kings Court Trust. Will Management Services runs alongside Invest Southwest and provides a fully holistic and personal service to fit every client’s needs.
Read More

Infographic: Intergenerational wealth transfer in the UK

Intergenerational wealth transfer is the term used to describe wealth that is passed down from one generation to another. It is one of the greatest opportunities and challenges facing the wealth management industry over the next thirty years. With an ageing population and rising levels of wealth, the UK is set to see substantial growth in the number of inheritance transfers and financial gifts taking place each year.  We've created an intergenerational wealth transfer infographic to highlight some of the key statistics and opportunities for the financial services industry. Let's take a look...
Read More