Inheritance Tax (IHT) planning is a crucial step in securing your family’s financial future. Without proper planning, a significant portion of your estate could be lost to tax, leaving your loved ones with less than you intended. At WT Solicitors, we specialise in providing tailored IHT planning solutions to help you preserve your wealth for future generations.
Inheritance Tax is charged at 40% on the value of your estate above the tax-free threshold, which currently stands at £325,000 (or up to £500,000 if your estate includes your home and is passed to direct descendants). With rising property values and other assets, many estates can unexpectedly fall into the taxable bracket, leading to substantial tax bills. Early and effective planning can minimise your exposure and ensure your estate passes to your beneficiaries as efficiently as possible.
Effective planning can significantly reduce the amount of inheritance tax your estate may owe, preserving more wealth for your beneficiaries.
By structuring your estate strategically, you can safeguard valuable family assets such as property, businesses, and investments for future generations.
Inheritance tax planning provides clarity and reassurance, ensuring your loved ones are financially secure and your wishes are carried out.
Our experienced solicitors can provide comprehensive advice tailored to your circumstances such as:
Don’t leave your estate to chance. Contact WT Solicitors today to start planning for the future with confidence and clarity.
I am so grateful to WT Solicitors for their invaluable help with inheritance tax planning. Their expertise and clear advice ensured my assets are protected and my family’s future is secure. I couldn’t have done it without their guidance—highly recommended!