Your partner through probate. Kings Court Trust is an award-winning probate and estate administration provider that support families at the difficult time of losing a loved one. Our tax and legal teams have the expertise to advise on any situation. We are committed to offering families a great service for a fair price which is why we work on a fixed fee basis so they know exactly what our service will cost from the outset.
Prince is currently being mourned across the world by a generation of fans who adored his eclectic musical style, flamboyant stage presence and ground breaking albums. During his lifetime he sold over 100 million records, making him one of the best-selling artists of all time.
While the vast majority of legal professionals operate under a strict moral and ethical code, unfortunately we still hear about cases where less scrupulous individuals take advantage of a family’s vulnerability by overcharging for estate administration services.
Currently, executors pay a flat fee of £215 for probate regardless of the size of estate. However, under the proposed legislation a sliding scale of fees will be introduced, capped at £20,000 for estates worth more than £2 million.
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.
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).
Kings Court Trust firmly believes in the benefits of having a professional help draft a Will to ensure that everybody’s final wishes are made clear and carried out accurately. Drafting a Will and carefully considering what is to happen to our finances is not the most cheery of topics, but one that should be taken very seriously.
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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