Inheritance Tax Planning in Gillingham
Protect Your Family’s Future with Inheritance Tax Planning in Gillingham
In Gillingham, rising estate values mean more families risk large inheritance tax bills. Our inheritance tax planning in Gillingham service ensures you protect your assets, minimise your tax burden, and provide for your loved ones. MP Estate Planning offers confidential, expert support for your estate planning needs.
Understanding Inheritance Tax in Gillingham
Inheritance tax (IHT) applies at 40% to estates over £325,000. Without planning, large portions of your wealth could be lost to taxes instead of your heirs.
Benefits of Proactive Estate Planning
- Minimise Taxes: Utilise gifting, trusts, and exemptions efficiently.
- Protect Assets: Ensure more wealth is preserved for your beneficiaries.
- Ease Probate: Make the legal process faster and less stressful.
- Maintain Privacy: Reduce public access to your estate’s details.
Our Gillingham Estate Planning Approach
We guide you step-by-step:
- Confidential Consultation: Review your estate and objectives.
- Detailed Asset Assessment: Analyse property, savings, pensions, and investments.
- Strategy Development: Build a custom tax-efficient estate plan.
- Implementation: Set up wills, trusts, and legal documents.
- Plan Maintenance: Update your strategy as your circumstances evolve.
Online Services for Gillingham Clients
Estate planning made easy and secure:
- Virtual Consultations: Private, encrypted video calls.
- Secure Digital Document Handling: Approve and sign documents remotely.
- Flexible Appointment Times: Meetings arranged around your schedule.
Inheritance Tax Thresholds and Rates
| Estate Value | Tax Rate |
|---|---|
| Up to £325,000 | 0% |
| £325,001 to £2 million | 40% |
| Above £2 million | 40% on the excess |
Find full information at the GOV.UK website.
Trusts: Long-Term Protection for Your Estate
We assist Gillingham families with:
- Discretionary Trusts: Flexible and strategic wealth protection.
- Bare Trusts: Direct, simple gifts to chosen beneficiaries.
- Interest in Possession Trusts: Income now, capital protection for the future.
Other Services for Gillingham Clients
Transparent and Competitive Pricing
Explore our full pricing here.
FAQs: Inheritance Tax Planning in Gillingham
Can gifting assets help reduce my inheritance tax bill?
Yes. Lifetime gifts can greatly reduce your estate’s taxable value.
Are trusts still a useful strategy in 2025?
Definitely. Trusts remain essential for effective estate planning.
Is your estate planning service secure?
Yes. We use strict encryption for all client documents and communication.
Protect Your Family’s Future Today
Start your inheritance tax planning journey in Gillingham today with MP Estate Planning.
Book your free consultation now or call 0117 440 1555.