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The Kings Court Trust Blog

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

Charities to appeal decision in Ilott inheritance case

Three animal welfare charities have mounted an appeal to challenge a judge’s decision which allowed a woman’s estranged daughter to overturn her Will.
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Grieving families face significant rise in probate fees

Government proposals unveiled this week could result in a hundredfold increase in probate fees for some families, reports The Financial Times.  The Ministry of Justice (MoJ) has published its plans to reduce the £1.1bn annual cost of running the court system by introducing a revised probate fees structure in England and Wales.
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Rock star or not, everyone needs a Will

The death of David Bowie last month caused a generation to mourn the loss of one of the world's most charismatic musical stars.  The man associated with numerous wild and wacky on-stage personas was perhaps one of the last people you would associate with planning for his death and making sure that his financial situation was left in a highly organised manner.
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The Emotional Stress of Dealing With a Bereavement

A recent article by The Telegraph has detailed the emotional stress that dealing with the death of a loved one can cause, including the anxiety of having to deal with the taxman when it comes to Inheritance Tax (IHT).
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The Risk of Miscalculating Your Inheritance Tax - You Could Be Branded a Criminal

Ordinary individuals inheriting assets from overseas could risk criminal charges if they miscalculate the tax owed, reports The Telegraph.
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Banks Change Limits on Monetary Releases Following Death

Following sustained and increasingly vocal lobbying from customers and consumer groups, a number of leading UK banks have increased the amount of money that can be released from deceased customer accounts to their grieving families without first having to apply for probate, This Is Money reports.
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Artwork from Lucien Freud Estate Left to UK Galleries

We occasionally come across stories in the news relating to high profile artworks and artefacts that have been left to public bodies in high-profile wills, but the latest news relates to artwork owned by the late Lucian Freud that has been left to various UK galleries in lieu of inheritance tax (IHT), The Art Newspaper reports. 
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