Planning for the future means looking after your loved ones after you’ve gone and ensuring they get the full benefit of your legacy. The UK’s older generation has seen their wealth grow by 45%* in the last decade, resulting in more money being passed on as inheritance to the younger generation than ever before. However, this increased wealth means executors are left dealing with complex financial circumstances and legal paperwork. This could see a large chunk of your estate going on professional fees, leaving less money for your loved ones. But it doesn’t have to be this way explains Christopher Jones, Sales & Marketing Director of Kings Court Trust. “Kings Court Trust offers a modern, affordable alternative to the traditional approach, which translates into direct savings, often tens of thousands of pounds. We offer fixed fees and specialist help in supporting executors, every step of the way. Our fee is agreed at the start of the process and that doesn’t change, no matter what happens. We understand that dealing with a late relative or friend’s affairs is never easy, but the added stress of tax, spiralling fees and ensuring all the beneficiaries get what’s left to them can be a daunting task. At Kings Court Trust we focus on reaching a fast, satisfactory conclusion for everyone that ensures more money goes to the beneficiaries rather than being tied up in costly legal fees.” Rising property prices means property is expected to account for over 70%* of the wealth transferred in the coming years. However, this increase in wealth will also see more families liable for Inheritance Tax (IHT). Currently, families can be liable for IHT on estates worth more than £325,000 (or £650,000 between spouses. £325,000 plus the transferable allowance). The good news is, from April 2017 the government introduced the Transferable Main Residence Allowance (TMRA), allowing families to pass on more of their property wealth tax-free.