Kings Court Trust Blog

HMRC Issues Update on Sale of Deceased's Land at Profit

on 06-Feb-2013 09:00:00 By | Kings Court Trust |

HM Revenue & Customs (HMRC) has revised its guidance to clarify in which cases it will not allow a claim to increase the probate value of land that has been sold at a profit within three years of death.

New Year ABSs From the SRA

on 10-Jan-2013 09:00:00 By | Kings Court Trust |

The start of the New Year saw a flurry of alternative business structure (ABS) approvals. Within a 24 hour period the Solicitors Regulation Authority (SRA) authorised seven new ABSs, bringing its total count to over 60.

40 ABS Applications Reach Final Phase in SRA Approval Process

on 27-Nov-2012 09:00:00 By | Kings Court Trust |

Forty applications for Alternative Business Structure (ABS) licenses reached the formal decision phase in the Solicitors Regulation Authority's (SRA) approval process between April and September this year, according to statistics.

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.

Will Writing, Probate and Estate Administration as Reserved Activities: LSB Opens Final Consultation

on 03-Oct-2012 09:00:00 By | Kings Court Trust |

The Legal Services Board (LSB) has started a final consultation, proposing that Will writing and estate administration, along with extraction of the Grant of Probate, should be added to the list of reserved activities in the legal sector in England and Wales.

August Surge for SRA Brings Total Number of ABS Licences to 27

on 14-Sep-2012 09:00:00 By | Kings Court Trust |

Christine Houghton, Sales and Marketing Director at Kings Court Trust, provides a summary of the ABS licences issued throughout August and shares her thoughts on the situation so far…

Kings Court Trust Becomes ABS

on 13-Aug-2012 09:00:00 By | Kings Court Trust |

Kings Court Trust has today become an Alternative Business Structure (ABS) licensed by the Council for Licensed Conveyancers (CLC), who will be regulating probate and estate administration activities.

Law Society Backs Mandatory Regulation of Will Writing Activity

on 24-Jul-2012 09:00:00 By | Kings Court Trust |

The Law Society has supported the introduction of mandatory regulation of Will writing, probate and estate administration activities.

Institute of Chartered Accountants Seeks to Regulate Probate Work

on 13-Jul-2012 09:00:00 By | Kings Court Trust |

The Institute of Chartered Accountants in England and Wales (ICAEW) has launched a consultation to become a regulator of probate work and a licensing body for alternative business structures (ABSs), Legal Futures reported in late June, citing ICAEW's draft application.