Deeds of Variation
A beneficiary under a Will (or on intestacy) can if they so wish, pass their entitlement to another person.
Preparing such a Deed provides that the original beneficiary can redirect their entitlement to a third party without creating tax consequences for themselves.
We can prepare a Deed of Variation of an estate, which can help:-
- Fix problems in a ‘home-made’ Will that wasn’t effective or doesn’t give effect to the testator’s intentions
- Create special gifts, or divide the estate differently from the terms of the Will or intestacy (perhaps to help solve a family dispute or where someone has been excluded)
- For tax planning purposes (if completed within the relevant time limit)
- Simply pass assets on to the next generation
If this is something you as a beneficiary wish to consider please telephone us on 01709 510999 to arrange a meeting with Jayne Jackson or Caroline Carter to discuss.