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The Kings Court Trust Blog

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

Civil partnership or marriage? Mixed-sex couples now have the choice

It’s now official – heterosexual couples in England and Wales can formalise their relationship with a civil partnership rather than marriage. Civil partnerships were first introduced through the Civil Partnerships Act 2004 and was only available to same-sex couples . As of the 31st of December 2019, mixed-sex couples have been able to form this union. The amendment to the Act was made as a result of a Supreme Court ruling which confirmed that the Civil Partnerships Act 2004 was incompatible with the European Convention on Human Rights.
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What to expect in 2020

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.
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What to expect in 2019

In our first blog post of 2019, we’re making our predictions on what could happen this year and the topics that we think will dominate the industry headlines. Read on to find out how increased probate fees, Inheritance Tax simplifications and Brexit could be some of the biggest stories in the year ahead.
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Inheritance Tax review to be published by the end of 2018

on Nov 8, 2018 9:08:00 AM By | Kings Court Trust | Inheritance Tax
There was much speculation that 2018’s Budget would include an update on the Inheritance Tax (IHT) review. Last week when the Chancellor of the Exchequer, Philip Hammond, presented the annual Budget, there was no mention of IHT. However, the independent Office of Tax Simplification (OTS) has now confirmed that the findings from their Inheritance Tax review will be published before the end of the year.
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How the rise in Inheritance Tax will impact financial advisers

on Apr 3, 2018 10:24:11 AM By | Kings Court Trust | Inheritance Tax Business Advice
There is a key opportunity in the financial services industry as trillions of pounds are expected to be handed down from the rich to their children in the coming years. Independent financial advisers (IFAs) could more frequently be called upon for financial advice as heirs inherit large sums of money.
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Lucian Freud’s estate uses portrait to offset Inheritance Tax bill

on Apr 28, 2016 9:58:13 AM By | Kings Court Trust | Inheritance Tax
A self-portrait by Lucian Freud is to go on display at the National Portrait Gallery after he left it to the nation in lieu of paying Inheritance Tax. 
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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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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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