Deed of Variation
Advice on deeds of variation and changing how an inheritance is received from solicitors in Billericay, Essex.
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About Deed of Variation
A beneficiary may wish to redirect an inheritance after a death, for example to provide for another family member. A variation affects the rights of those giving up an entitlement and can have tax consequences. Particular conditions and time limits apply if specified tax treatment is sought.
Key Points
- Provide the will or details of the intestacy position.
- Identify whose inheritance would change and who must agree.
- Check the timing and tax consequences before signing.
How We Can Help
We review the proposed change and explain the legal effect on the beneficiaries involved. We help prepare the required document and identify any tax, capacity or consent issues that need to be addressed before the variation is completed.
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Contact our private client team for specialist advice on your deed of variation matter.