Kings Court Trust Blog | Estate Administration (8)

CLC & CILEx To Apply to Regulate Will Writing

on 19-Feb-2013 09:00:00 By | Kings Court Trust |

The Council for Licensed Conveyancers (CLC) and the Chartered Institute of Legal Executives (CILEx) have confirmed their bids to become regulators of will writers, amid criticism of the recommendation by the Legal Services Board (LSB) to leave estate administration out of regulation.

Why is Executor Choice Important?

on 17-Jan-2013 09:00:00 By | Kings Court Trust |

Having a Will in place is essential to ensure your property and assets are distributed according to your wishes after you pass away. It is also important to carefully choose the Executor(s) of your Will.

DIYers - Beware of Tax Penalties for Innacuracy

on 17-Jan-2013 09:00:00 By | Kings Court Trust |

Grace Li is Tax Manager at Kings Court Trust and explains what it means to be the Personal Representative of someone’s estate and what you should be aware of when it comes to submitting Inheritance Tax (IHT) forms and other documents to HM Revenue & Customs (HMRC).

Bernard Matthews' Failed End-of-Life Wishes Teach Us a Valuable Lesson

on 21-Dec-2012 09:00:00 By | Kings Court Trust |

As Christmas approaches and we begin to think of turkey and other delights, I am reminded of the case of Bernard Matthews, the British poultry producer, whose end-of-life wishes were defeated by French law. This high-profile case highlights the importance of taking care of every detail regarding your estate.

Why is Anti Money Laundering Important in the Estate Administration Process?

on 09-Nov-2012 09:00:00 By | Kings Court Trust |

Anti Money Laundering checks are an important part of the estate administration process. Kings Court Trust’s Anti Money Laundering Reporting Officer (MLRO), Nigel Merchant, explains why we need to carry out these checks and what this means for Executors.

STEP Brings in New Protocol for Banks Handling Deceased Clients' Accounts

on 05-Oct-2012 09:00:00 By | Kings Court Trust |

The Society of Trust and Estate Practitioners (STEP) has, this week, agreed new guidelines with the British Bankers Association (BBA) and the Law Society of England and Wales that will reduce administrative obstacles for both families and professionals in probate-related dealings with banks.

As an Executor, am I Personally Liable?

on 26-Sep-2012 09:00:00 By | Kings Court Trust |

The short answer is, yes. Executors are legally responsible for dealing with the deceased’s estate. This typically involves applying for a Grant of Probate, administering the estate and distributing the assets to those persons entitled.

Death Does Not Extinguish Debt

on 10-Aug-2012 09:00:00 By | Kings Court Trust |

People are naturally reluctant to think about dealing with the debt of a loved one after their death and it becomes even more difficult to handle such matters when the debt is unexpected and no provisions for its repayment have been made.

Gift 2% - Helping Everyone to Help Charities in their Wills

on 25-May-2012 09:00:00 By | Kings Court Trust |

The story starts with me heading north on the M6 one sunny Sunday afternoon in 2009. I was on my motorcycle going to meet a friend for a few days motorcycling around the Lakes. Then I was to meet my wife in Glasgow for a family re-union and a visit to Turnberry to see Tiger Woods in the British Open as a special birthday treat.