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The Kings Court Trust Blog

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

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.
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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.
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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.
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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.
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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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