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The Kings Court Trust Blog

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

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.
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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.
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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.
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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...
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A partner email highlighting how you can grow your business

We recently asked one of our business partners to get in touch with a prospective partner and share their experience of working in partnership with Kings Court Trust. We received a copy of the email that was sent and we are extremely thankful for the kind words they shared. Therefore, we also wanted to publicly share this email with our network of existing and prospective partners.
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Inheritance disputes continue to rise – Is ‘modern life’ to blame?

Disputes over inheritance have soared in recent years, with the number of cases reaching the England and Wales High Court increasing dramatically during the last decade. According to Direct Line Life Insurance, 12.6 million British adults would be prepared to dispute a Will and go to court if they disagreed with the division of their relative’s estate.
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Four celebrities who left behind important lessons about Wills

It’s no secret that mistakes, misconceptions and unfortunate circumstances occur when people make (or fail to make) arrangements for their estate. However, these errors become amplified when they are made by famous people. As human beings, we are curious by nature and our curiosity often piques when we get a glimpse into the lives of individuals with assets most of us can only dream of and the public battles that may ensue among the deceased’s heirs. Regardless of value and status, there are notable lessons that celebrity deaths have taught us about planning our legacy. Let’s take a look at four celebrities that have passed away, leaving behind lessons we can all learn from.  
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How Brexit could impact the estate administration process

on Jan 30, 2020 1:52:49 PM By | Kings Court Trust | Estate Administration Brexit
On the 24th of July 2019, Boris Johnson became the Prime Minister of the United Kingdom, taking on the task of completing Brexit from Theresa May. After months of turbulent deliberations and a general election, the UK will formally leave the European Union (EU) at 11:00PM on the 31st of January. This blog explores the questions raised about the impact of Brexit on the estate administration process and professionals within the industry.
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Civil partnership or marriage? Mixed-sex couples now have the choice

It’s now official – heterosexual couples in England and Wales can formalise their relationship with a civil partnership rather than marriage. Civil partnerships were first introduced through the Civil Partnerships Act 2004 and was only available to same-sex couples . As of the 31st of December 2019, mixed-sex couples have been able to form this union. The amendment to the Act was made as a result of a Supreme Court ruling which confirmed that the Civil Partnerships Act 2004 was incompatible with the European Convention on Human Rights.
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