The Kings Court Trust Blog

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

DIY Wills "Could Cause Family Disputes" Warns Legal Expert

When making a Will, many people choose to use a DIY kit or online template for a variety of reasons. Research shows that 37% of us thought it would be cheaper than going through a solicitor, whilst others thought it would be quicker to do it ourselves or didn’t want a stranger knowing their business.
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Ten of the Strangest Wills of All Time

According to the Guardian, less than half of UK adults have drawn up a Will, which leaves more than 26 million people with no formal instructions on how their assets should be distributed after their death.
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President of Gabon to Give Away Inheritance

on Aug 20, 2015 9:00:00 AM By | Kings Court Trust | IHT Industry News Inheritance Tax
The BBC reports that Ali Bongo, the President of Gabon, is giving away his inheritance to set up a foundation for young people and their education.  According to news sources, the political figure is set to give away the millions of dollars he is due to inherit from his father, who died in 2009. His father’s estate is yet to be distributed to the 53 declared heirs but his son has now announced that he will use the money to build an educational infrastructure in Gabon.
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Do You Fully Understand the New Inheritance Tax (IHT) Regulations?

on Aug 13, 2015 9:00:00 AM By | Kings Court Trust | IHT Industry News Inheritance Tax
The summer Budget brought good news for those with wealth tied up in family homes as Chancellor George Osborne announced the introduction of an additional nil-rate band for a person’s main residence. However, some experts have criticised the announcement for being unnecessarily complicated and causing confusion amongst the public.  
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Over 33% of Brits Reliant on Inheritance for Financial Future

Recently published research suggests that over 33% of Brits are reliant on an inheritance windfall to secure their financial future. According to data from retirement specialists LV=, millions of UK citizens would be unable to maintain a stable income in their later life if it weren't for inheritance.
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The New Inheritance Tax Rules - Good News or Too Complicated to Understand?

on Aug 4, 2015 9:00:00 AM By | Kings Court Trust | IHT Industry News Inheritance Tax
The revised Inheritance Tax (IHT) rules announced by Chancellor George Osborne during the summer’s Budget speech have appeared to cause widespread confusion across much of the public.
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272-Year-Old Legacy Could See Teenage Boys Receive £20,000

The Courier has recently published an article about a unique 272-year-old legacy left by Charles Cairnie, a Perth shoemaker.
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Landmark Ilott Ruling May Boost Demand for Professional Will Writing

Following on from the recent and well publicised Ilott case, the Financial Times reports that the ruling highlights the powers at the disposal of the courts to overrule Wills.
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Daughter Excluded From Mother's Will Wins £164k Inheritance in Landmark Case

A landmark legal ruling has seen a daughter who was explicitly left out of her mother’s Will awarded £164,000 in inheritance on appeal. 
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