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What is a Trustee in a Will?

on 26-Jan-2024 17:00:57 By | Charlotte Toogood |
When creating a Will, it’s important to consider who will be taking care of your estate upon your death. There are many roles involved in the estate administration process that may include the named Executor(s) and Trustee(s). In this blog, we will explain the role of a Trustee in a Will, how they are appointed, and the difference between Trustees, Executors, and beneficiaries.
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What is the probate process?

on 17-Jan-2024 11:30:00 By | Nigel Merchant |
When a loved one passes away, there are many tasks that must be completed before their estate can be distributed to the beneficiaries. One of those tasks may be applying for probate; probate is not always needed, but if it’s required, it can be a confusing process that involves a lot of time and effort. This blog aims to simplify probate and explain what it is, when it’s required, and the application process.
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What is an excepted estate?

on 28-Sep-2023 09:04:41 By | Nigel Merchant |
Probate refers to the process of applying for a Grant of Probate(when there is a Will) or Letters of Administration (when there is no Will), which are legal documents that the person dealing with the estate may be required to obtain. If required, the Grant of Representation (the umbrella term for both documents) gives this individual the legal right to proceed with estate administration, which is the entire process of dealing with the assets and liabilities of someone who has died and then distributing their estate to the beneficiaries.
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Why it’s beneficial to use a professional estate administration provider

on 14-Aug-2023 14:41:39 By | Nigel Merchant |
When you’re faced with the responsibility of being named as an Executor in a Will, there are many things to consider. The tasks included in the role can be time-consuming and involve complex legal jargon, which can prove overwhelming during the difficult time of losing someone. Whilst an Executor is required to deal with the estate, help is available, and they have the option of instructing a professional provider. In this blog, we will provide an overview of the Executor role and why it can be beneficial to seek professional support.
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Rules of intestacy: What happens when you die without a Will

on 26-Jul-2023 09:19:00 By | Charlotte Toogood |
What are the UK rules of intestacy? When someone dies without a Will, they are said to have died intestate, and their estate must be distributed following the rules of intestacy.
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What to do when someone dies without a Will

on 26-Jul-2023 08:45:00 By | Charlotte Toogood |
When someone dies without leaving a Will, it is known as dying intestate. Intestacy can complicate the probate and estate administration processes, as the law decides who will deal with the estate and who will inherit from it. In this blog, we aim to answer frequently asked questions about the processes involved when someone dies without a Will in the UK.
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What happens to Premium Bonds when someone dies?

on 19-Jul-2023 10:50:00 By | Nigel Merchant |
Please note that Kings Court Trust only deals with Premium Bonds when administering the estate of an owner who has passed away. We are not able to track, claim, or sell Premium Bonds otherwise. When someone passes away, all of their assets must be dealt with as part of the estate administration process. This can include property, personal belongings, cash, bank accounts, and more. One asset that is not as commonly discussed is Premium Bonds. However, Premium Bonds form part of an individual’s estate just like a bank or savings account and therefore must be dealt with when handling the assets.
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What is a chain of representation?

on 03-Jul-2023 15:09:40 By | Nigel Merchant |
The chain of representation refers to the legal framework that allows for the continuous administration of an estate after the death of an individual. When someone is appointed as an Executor under a Grant of Probate (if the deceased had a valid Will) or an Administrator under a Grant of Letters of Administration (if the deceased did not have a valid Will), they become the representative of the deceased person's estate. This representation is formally granted to them by the Probate Registry.
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What are estate accounts?

on 13-Apr-2023 10:38:58 By | Nigel Merchant |
Estate accounts are one of the final stages in the estate administration process. These accounts are a detailed record of all the financial transactions that have occurred during the administration of an estate.
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