Inheritance Tax Planning in Worthing
Expert Inheritance Tax Planning Worthing: Safeguard Your Legacy
With Worthing’s coastal property values rising, many families face inheritance tax risks. Our expert inheritance tax planning in Worthing services help you protect assets, minimise taxes, and secure your family’s financial future. MP Estate Planning delivers confidential, tailored strategies to preserve your legacy.
Understanding Inheritance Tax in Worthing
Inheritance tax (IHT) applies at 40% for estates over £325,000. Without proper planning, a significant portion of your estate could be lost to taxation.
Why Inheritance Tax Planning is Important
- Reduce Tax Exposure: Utilise trusts, gifting allowances, and exemptions.
- Protect Family Wealth: Pass on more of your estate to your loved ones.
- Streamline Probate: Simplify estate administration for beneficiaries.
- Maintain Privacy: Keep financial matters out of public record.
Our Worthing Inheritance Tax Planning Process
We provide a complete and personalised estate planning experience:
- Confidential Consultation: Understand your goals and review your estate.
- Comprehensive Asset Assessment: Analyse property, pensions, savings, and investments.
- Tailored Strategy: Build a custom inheritance tax minimisation plan.
- Implementation: Set up wills, trusts, and powers of attorney.
- Ongoing Review: Update your plan with any life or legal changes.
Online Estate Planning for Worthing Clients
Manage your planning securely and conveniently:
- Virtual Consultations: Private, encrypted video calls.
- Secure Document Handling: Sign and manage paperwork online.
- Flexible Scheduling: Appointments to fit your life.
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 out more at the GOV.UK inheritance tax page.
Trusts: Vital for Estate Protection
We assist Worthing families with:
- Discretionary Trusts: Flexible wealth protection across generations.
- Bare Trusts: Straightforward transfers to beneficiaries.
- Interest in Possession Trusts: Income security while preserving capital.
Other Estate Planning Services in Worthing
Clear, Transparent Pricing
Review full pricing information here.
FAQs: Inheritance Tax Planning in Worthing
Can gifting assets reduce inheritance tax?
Yes. Lifetime gifting can significantly lower your estate’s taxable value.
Are trusts still a good strategy in 2025?
Definitely. Trusts are essential for modern estate planning.
Is your online service secure?
Yes. We use encrypted communications and strict confidentiality protocols.
Protect Your Family’s Wealth Today
Start inheritance tax planning in Worthing with MP Estate Planning today.
Book your free consultation or call 0117 440 1555.