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2023 in review

on Dec 7, 2023 9:17:19 AM By | Kings Court Trust |
Throughout 2023, there were a number of legal industry updates and news stories that affected the Wills and probate sector. We’ve summarised some of the key changes and the ongoing discussions that could affect professionals and their clients in 2024.
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Inheritance Tax interest rates continue to rise

on Aug 23, 2023 4:12:24 PM By | Nigel Merchant |
As Inheritance Tax (IHT) interest rates continue to increase, Personal Representatives face additional financial burden when settling a deceased person’s estate. The increased interest rates have been described as a stealth tax, substituting a rise in IHT rates.
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Why are Financial Advisers worried about intergenerational wealth transfer?

on Feb 27, 2023 3:36:18 PM By | Kings Court Trust |
Intergenerational wealth transfers, either in the form of inheritance after death or via gift transfers, are continually increasing.
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2022 in review

on Dec 7, 2022 3:35:08 PM By | Nigel Merchant |
This year has provided a lot of challenges and changes, both in general and within the probate and estate administration industry. This blog will summarise some of the key industry stories and updates that have been in the news in 2022.
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What happens to Trusts in Wills following a death?

on Nov 3, 2022 8:43:12 AM By | Charlotte Toogood |
A Trust is a legal arrangement that can form part of a person’s Will and come into effect upon death, granting the named Trustees in a Will control of assets, such as funds and property, on behalf of the beneficiaries. Various types of Trusts can be written into a Will, depending on an individual’s circumstances. This blog will provide an overview of our experience of working with Trusts in Wills upon death, specifically exploring Property Trusts, Nil Rate Band Discretionary Trusts (NRBDT), and Trusts for Minors.
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20 reasons to work in partnership with Kings Court Trust

on Aug 25, 2022 10:48:30 AM By | Kings Court Trust |
Kings Court Trust is celebrating its 20th anniversary since being founded in 2002. 20 years on, we are proud to be the UK's leading specialist estate administration provider and work in partnership with hundreds of Will Writers, Financial Advisers, Estate Planners, and Funeral Directors to provide our award-winning probate and estate administration services to their clients.
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Why Financial Advisers should speak to clients about intergenerational wealth transfer

on Mar 10, 2022 11:23:40 AM By | Kings Court Trust |
The number of inheritances and financial gifts taking place each year in the UK is increasing and predicted to continue to grow substantially. This is due in part to the ageing population and increasing wealth. HM Revenue & Customs collected £5 billion in Inheritance Tax (IHT) in January 2022, which is up by £700 million from the same period a year earlier. The rise in IHT receipts is likely due to increases in wealth, including higher property prices, as well as the rise in inflation.
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A customer-first strategy: Providing practical and impartial advice for bereaved families

on Feb 14, 2022 3:40:03 PM By | Kings Court Trust |
A customer-first strategy is crucial in most businesses. Not only does it help nurture clients in a way that meets their needs and exceeds expectations, but it is also the result of a corporate culture that fosters loyalty, value, and win-win relationships between a business and its customers. In the bereavement sector, this approach is arguably even more important. Whether you’re providing funeral services, drafting Wills, or offering an estate administration service, client relationships need to be handled sensitively and with the utmost respect.
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Research reveals the intergenerational wealth transfer opportunity for financial advisers

on Feb 14, 2022 1:44:00 PM By | Kings Court Trust |
Our ‘Wealth Transfer in the UK: the continuing story of the inheritance economy’ research paper, provides new insights into an area of growing importance to the UK economy – intergenerational wealth transfers. It follows on from our first Inheritance Economy research paper, ‘Passing on the Pounds’, which identified that £5.5 trillion will pass between generations within the next 30 years. This amount of inheritance is unprecedented and raises both opportunities and threats for the financial services industry.
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