5 steps to creating a simple digital estate plan
King Court Trust Blog
by Charlotte Toogood
1M ago
When estate planning, there are some things that are essential to include. For example:  who will inherit any property,   who may care for a dependent child,   or what should happen to various personal belongings.   One thing that often gets overlooked is what happens to a person’s digital assets.  ..read more
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What happens to my debt when I die?
King Court Trust Blog
by Nigel Merchant
1M ago
The period after the death of a loved one is a difficult time; and many people prefer to avoid thinking about it in advance. There are many challenges to consider; not only the emotional difficulties, but also the administrative duties that will need to be dealt with.  An example of this is when the deceased has outstanding debts upon their death. Matters such as these become even more difficult to handle when the debt is unexpected and no provisions for its repayment have been made. It is a commonly held assumption by many people that debts are written off upon the death of the borrower ..read more
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An overview of Inheritance Tax and gifting
King Court Trust Blog
by Nigel Merchant
2M ago
When estate planning or dealing with the estate of someone who has died, you may have to handle Inheritance Tax (IHT).   ..read more
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10 things to consider when writing your Will
King Court Trust Blog
by Nigel Merchant
3M ago
Getting around to writing your Will can be difficult. Most people don’t like to think about what will happen when they die, and it’s one of those tasks that feels easy to delay. Many people die without leaving a Will, which can cause a lot of stress for their loved ones. However, writing a Will is important, as it ensures that your wishes are honoured after death and that your estate is passed on in the manner you intended. Read more about the purpose of a Will ..read more
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What is a Grant de Bonis Non?
King Court Trust Blog
by Vicki Keepen
5M ago
It is already a difficult time when a loved one passes away and their estate is being administered. However, this challenging period can be made even more difficult when the Executor or Administrator (collectively known as Personal Representatives) of the deceased’s estate also passes away during the administration process. When a chain of representation is unable to be used to allow for the administration of the estate to continue, a new application to the Probate Registry will need to be made for a Grant de Bonis Non Administratis (less formally known as a Grant de Bonis Non ..read more
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Who should be the Executor of a Will?
King Court Trust Blog
by Nigel Merchant
5M ago
Executors are people chosen and named in a Will by the Testator, who is the individual whose Will it is. The Executors of a Will are responsible for administering the estate of the Testator when they have passed away. Up to four Executors can be named in a Will, and it’s best practice to name at least two ..read more
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What is a professional Executor?
King Court Trust Blog
by Nigel Merchant
6M ago
When creating your Will, you will be faced with the decision of who to name as your Executor(s). This blog will provide an overview of the role, the options available, and what to consider when appointing an Executor ..read more
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What is a codicil?
King Court Trust Blog
by Nigel Merchant
6M ago
A codicil is a legal document that’s used to modify, add to, or revoke certain provisions of an existing Will. Instead of spending time and money writing an entirely new Will, a person can use a codicil to make minor changes or updates ..read more
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What is an excepted estate?
King Court Trust Blog
by Nigel Merchant
7M ago
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 ..read more
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What is a Personal Representative? | Kings Court Trust
King Court Trust Blog
by Nigel Merchant
8M ago
The term Personal Representative might sound daunting, especially if you’re navigating the complex process of estate administration for the first time. A Personal Representative is responsible for the administration of a deceased person's estate; they are liable for various legal and financial tasks that ensure the smooth transition of assets to the beneficiaries ..read more
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