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Artwork from Lucien Freud Estate Left to UK Galleries

on Mar 9, 2015 9:00:00 AM By | Kings Court Trust |
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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How Inheritance Tax (IHT) Could be Made Fairer for All

on Mar 5, 2015 9:00:00 AM By | Kings Court Trust |
We came across this article in The Telegraph; it draws attention to the contentious issue of inheritance tax (IHT) and the upcoming general election. David Cameron and the Conservative Party have been discussing increasing the IHT tax-free threshold from £650,000 for a married couple to a staggering £1 million, and there have even been discussions regarding abandoning the tax completely.
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Probate Lawyer Wins Revolutionary Inheritance Case

on Feb 26, 2015 9:00:00 AM By | Kings Court Trust |
We came across this story in the Birmingham Post a few days ago and, due to its landmark status as an inheritance case, thought we'd share with you some of the details. The case involved the partner of Ms Elizabeth Walker – a noted ecologist – fighting a legal challenge presented by her daughters regarding what he had inherited in her will.
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New IHT Rules Herald Changes to Wills

on Feb 26, 2015 9:00:00 AM By | Kings Court Trust |
With the changes to pensions coming up very soon (Chancellor George Osborne announced the changes last year, but they are due to come into effect on April 6 of this year), we thought it best to start discussing the changes and what that means for some of us.
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Looking to Spend Your Children's Inheritance?

on Feb 12, 2015 9:00:00 AM By | Kings Court Trust |
More and more of the over 50s are spending large proportions of their children's inheritance, the Telegraph reports. It’s always nice to be able to leave something behind for your children once you've passed on but people are now, more than ever, tempted by the idea of luxurious holidays that have been earned from years of hard work.
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Reforms to IHT Promised by Conservatives Ahead of General Election

on Jan 15, 2015 9:00:00 AM By | Kings Court Trust |
We came across another story regarding inheritance tax (IHT) the other day – part of the ongoing saga of reforms that have been in the news the past few years. It has been reported that the Conservative party have made claims that they will change the laws surrounding IHT ahead of the general election in May, the Society of Trust and Estate Practitioners (STEP) has reported. Chancellor George Osborne has stated that IHT should only be paid by the rich and the thresholds for paying IHT will therefore be raised.
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Mother Revealed to Have Stolen £20k of Daughter's Inheritance

on Jan 8, 2015 9:00:00 AM By | Kings Court Trust |
Many of you may have come across this story in the national newspapers recently, but we thought we'd discuss the case ourselves as we found the details of it so astounding. According to The Telegraph, Trudy Collins, 44, has admitted to accessing and spending around £20,000 of her daughter's inheritance, bequeathed to her by her late father.
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