A Deed of Variation is a document that alters the distribution of an estate under a Will after death.
There are two main uses of a Deed of Variation. First, it can be a very useful tool for reducing tax liabilities, especially those arising in older Wills that pre-date modern Inheritance Tax rules.
Secondly, a Deed of Variation can be used to redirect your inheritance. Whilst it is always an honour to be named as a beneficiary in a Will, for various reasons you may prefer to direct your inheritance to someone else. Accordingly, a Deed of Variation can form the cornerstone of Inheritance Tax & Estate Planning, achieving very large tax savings through a very simple process.
As there is a time limit of 2 years from the date of death, early advice is vital. We can provide you with sympathetic and expert representation