Inheritance Tax Planning in Wick
Best Inheritance Tax Planning Wick: Safeguard Your Legacy
Many Wick residents now face inheritance tax due to rising property values and growing estates. Our expert inheritance tax planning in Wick helps you reduce tax, protect your assets, and ensure your family inherits what you intended. MP Estate Planning offers a fully online, fixed-price service tailored to your goals.
Why IHT Planning Is Crucial in Wick
IHT applies at 40% on estates valued over £325,000. That includes property, savings, pensions, and more. Without a plan, your loved ones could lose a significant portion of your legacy to tax.
How We Help
- Lower IHT Exposure – Use legal allowances, exemptions, and trusts.
- Preserve Your Family Home – Avoid forced sales to meet tax demands.
- Accelerate Probate – Cut legal delays and reduce stress.
- Protect Your Privacy – Prevent public scrutiny of your estate.
Our Remote 5-Step Process
- Book a Free Video Consultation
- Asset Review – Property, pensions, investments
- Custom IHT Plan – Using trusts, wills, and LPAs
- Digital Signing – Secure online document handling
- Ongoing Support – Updates as your life or the law changes
IHT Thresholds & Rates
| Estate Value | Tax Rate |
|---|---|
| Up to £325,000 | 0% |
| £325,001 – £2 million | 40% |
| Above £2 million | 40% on excess |
For full guidance, see GOV.UK – Inheritance Tax
Trusts We Commonly Use
- Discretionary Trusts – Maintain control and reduce tax.
- Bare Trusts – Straightforward gifting to children.
- Interest in Possession Trusts – Income protection and capital security.
Additional Services
Clear, Fixed Fees
No surprises. All pricing is listed on our pricing page.
FAQs – Wick Clients
How much can I save with proper planning?
It depends on your estate, but many clients save tens or even hundreds of thousands in tax.
Can it all be done online?
Yes. We provide a secure, remote-first service from start to finish.
What’s the next step?
Book your free consultation or call 0117 440 1555.