Inheritance Tax Planning in Woking
Inheritance Tax Planning in Woking: Protect Your Legacy
With property values rising in Woking, inheritance tax has become a real concern for many families. Our inheritance tax planning in Woking service helps you minimise taxes, protect assets, and secure a legacy for your loved ones. MP Estate Planning provides confidential, tailored strategies to safeguard your estate.
Understanding Inheritance Tax in Woking
Inheritance tax (IHT) is charged at 40% on estates valued above £325,000. Without planning, your heirs may lose a significant portion of your wealth.
Why Early Estate Planning Matters
- Reduce Inheritance Tax: Use trusts, exemptions, and gifting strategies effectively.
- Safeguard Family Assets: Preserve more of your estate for future generations.
- Ease Probate: Make estate distribution simpler for your loved ones.
- Maintain Financial Privacy: Reduce public exposure of your estate’s details.
Our Woking Inheritance Tax Planning Process
We guide you through a clear and supportive process:
- Confidential Consultation: Review your goals and estate.
- Asset Review: Analyse your properties, investments, and pensions.
- Strategic Plan Development: Build a custom inheritance tax strategy.
- Implementation: Set up wills, trusts, and powers of attorney.
- Ongoing Support: Update your plan as laws and life circumstances change.
Convenient Online Estate Planning for Woking Clients
Manage your estate securely from anywhere:
- Virtual Consultations: Secure, encrypted video calls.
- Secure Document Handling: Review and sign online.
- Flexible Scheduling: Book sessions that suit your life.
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 about IHT at the GOV.UK inheritance tax page.
Trusts: Essential for Protecting Wealth
We assist Woking families with:
- Discretionary Trusts: Flexible control of asset distribution.
- Bare Trusts: Simple, direct gifts to beneficiaries.
- Interest in Possession Trusts: Preserve capital while providing income to heirs.
Additional Services for Woking Clients
Clear, Straightforward Pricing
Check out our pricing options here.
FAQs: Inheritance Tax Planning in Woking
Can lifetime gifting reduce inheritance tax?
Yes. Gifting assets during your lifetime can lower your estate’s taxable value.
Are trusts still beneficial for estate planning in 2025?
Absolutely. Trusts remain a core tool for effective wealth protection.
Is your online estate planning service secure?
Yes. We use encrypted platforms to protect all client communications and documents.
Protect Your Estate Today
Secure your family’s future with expert inheritance tax planning in Woking.
Book your free consultation or call 0117 440 1555.