Inheritance Tax Planning in Corston
Best Inheritance Tax Planning Corston: Keep Your Estate Intact
In Corston, rising house prices and growing pension pots mean many residents are edging past the inheritance tax threshold. Our inheritance tax planning in Corston helps you lower tax exposure, safeguard assets, and ensure your loved ones inherit more. We offer a fully remote process with fixed, transparent pricing.
Why Corston Residents Should Plan Now
Inheritance tax (IHT) applies at 40% on estates above £325,000. If you own property, have savings or investments, your estate may be at risk. With a proper estate plan, you can avoid paying more tax than necessary.
Benefits of Planning Early
- Reduce Tax – Use allowances, exemptions, and gifting strategies.
- Protect Family Wealth – Avoid selling key assets to cover tax bills.
- Speed Up Probate – Reduce the burden on your loved ones.
- Control Distribution – Set clear rules for who receives what and when.
Online Planning in 5 Simple Steps
- Free Video Consultation – Discuss your estate goals with an expert.
- Asset Review – Full evaluation of property, pensions, and savings.
- Strategy Development – Implement wills, LPAs, and trusts.
- Digital Signing – All paperwork finalised online securely.
- Lifetime Updates – Easily update your plan as needed.
Understanding IHT Bands
| Estate Value | Tax Rate |
|---|---|
| Up to £325,000 | 0% |
| £325,001 – £2 million | 40% |
| Above £2 million | 40% on the excess |
Reference: GOV.UK – Inheritance Tax
Useful Trust Options
- Discretionary Trusts – Manage tax and tailor distributions.
- Bare Trusts – Simple structure for direct gifts to beneficiaries.
- Interest in Possession Trusts – Provide income now and preserve capital for the future.
Additional Services from MP Estate Planning
Transparent Fees
Our pricing is fixed, fair, and clear. Review packages at our pricing page.
FAQs – Corston Clients
Do I need to live locally to work with you?
No. Everything is done securely online from anywhere in the UK.
Are trusts always necessary?
Not always, but they’re a useful tool. We’ll advise based on your estate.
How do I get started?
Book your free consultation or call 0117 440 1555.