Inheritance Tax Planning in Brighton and Hove
Expert Inheritance Tax Planning Brighton and Hove: Protect Your Wealth
Brighton and Hove’s thriving property market means more families are facing potential inheritance tax liabilities. Our tailored inheritance tax planning in Brighton and Hove services help you preserve wealth, minimise taxes, and ensure your legacy is passed on securely. MP Estate Planning offers confidential, bespoke strategies designed for your needs.
Understanding Inheritance Tax in Brighton and Hove
Inheritance tax (IHT) is charged at 40% on estates valued over £325,000. With local property values rising, early estate planning is essential to avoid large tax bills.
Why Inheritance Tax Planning is Important
- Minimise Tax Liability: Use trusts, gifts, and reliefs to protect your estate.
- Preserve Family Wealth: Keep assets within your family.
- Streamline Probate: Ease the process for your beneficiaries.
- Maintain Privacy: Keep financial matters private with proper planning.
Our Brighton and Hove Inheritance Tax Planning Process
We provide a structured, client-focused approach:
- Confidential Consultation: Discuss your goals and assess your estate.
- Full Asset Review: Property, pensions, investments, and savings evaluation.
- Custom Strategy: Develop a bespoke plan to reduce inheritance tax.
- Implementation: Set up wills, trusts, and lasting powers of attorney.
- Ongoing Support: Update your plan as life circumstances change.
Fully Online Estate Planning Services
We make planning simple and convenient:
- Virtual Consultations: Secure video meetings from your home.
- Encrypted Digital Documents: Easy online document management.
- Flexible Scheduling: Appointments to suit your schedule.
Inheritance Tax Rates and Thresholds
| Estate Value | Tax Rate |
|---|---|
| Up to £325,000 | 0% |
| £325,001 to £2 million | 40% |
| Above £2 million | 40% on the excess |
Learn more at the official GOV.UK inheritance tax page.
Trusts: Key Tools for Estate Protection
We assist Brighton and Hove families with:
- Discretionary Trusts: Flexible asset management for future generations.
- Bare Trusts: Simple direct gifting structures.
- Interest in Possession Trusts: Provide income while protecting capital.
Other Estate Planning Services for Brighton and Hove
Transparent and Competitive Pricing
View our full pricing details here.
FAQs: Inheritance Tax Planning in Brighton and Hove
Can lifetime gifting lower inheritance tax?
Yes. Thoughtful gifting during your lifetime can significantly lower tax exposure.
Are trusts still effective in 2025?
Absolutely. Trusts remain critical tools f