The Kings Court Trust Blog

It’s a new year and a new decade – Welcome to 2020! This time of year can trigger many feelings – optimism, reflection, uncertainty or all of the above. As we think back to some of the hot topics we followed throughout the year, we realise many are still relevant as we step into the new year.

Death still remains to be a taboo subject and people avoid talking about it. Whether that’s discussing what they want to happen when they die with their family, or speaking to a professional (such as a Financial Adviser or Will Writer) about plans to protect their legacy when the time comes. People typically still find talking about death uncomfortable and struggle to bring it up as a topic of conversation. Almost 60% of people do not have a Will in place, which makes you wonder whether that is due to this stigma surrounding death.

The deadline has now passed for individuals, including Executors and Administrators of estates, to reclaim Payment Protection Insurance (PPI). In order to claim money back for PPI, complaints needed to be submitted to the providers or Financial Ombudsman Service by the 29th of August 2019. Financial institutions had set aside money to cover the billions of pounds that remained unclaimed.

As of 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. At the present moment in time, nothing is certain about how the UK will leave the European Union (EU). However, what we do know is that Boris Johnson will lead the country out of the EU on the 31st of October 2019, with or without a deal. This blog post explores how this uncertainty raises questions about the impact of the inevitable Brexit on the estate administration process and professionals within the industry.

Estate administration is a term slowly becoming more commonly known. One of the challenges we face is around public perception and education; currently, probate is the common term used to describe the estate administration process. As a business providing this service to families all across the UK, we receive questions about estate administration, probate and everything in between. In this blog post, we sit down with our Head of Service Delivery to explore the answers to four of our most asked questions around probate and estate administration.

Kings Court Trust are pleased to launch a brand new guide to help professionals understand estate administration.

The deadline has now passed for individuals to reclaim Payment Protection Insurance (PPI). If you want to find out more about the current position of PPI claims against estates, please visit our latest blog post. On the 16th of April 2019, the Society of Trust and Estate Practitioners (STEP) released a briefing note warning practitioners of an issue related to Payment Protection Insurance (PPI) claims against estates. If you’re involved in the administration of a deceased person’s estate, then this is an issue that you need to be aware of.

This is the second and final part of our ‘understanding probate and estate administration’ blog series. If you missed part one, you can read it here.

Kings Court Trust has administered close to 10,000 estates and distributed over £2 billion in inheritance. It’s a considerable amount, but there’s a family – your clients – behind every single estate. As we explain below, we work closely with our business partners to help their client's families, which in turn, helps them maintain and grow their business.