Hughes Solicitors
19 High Street
Heathfield
TN21 8LU

8:45am to 5pm
Monday to Friday
(evenings and weekend
by prior appointment)

Hughes Solicitors
19 High Street
Heathfield
TN21 8LU

8:45am to 5pm
Monday to Friday
(evenings and weekend
by prior appointment)

Changing a will with a deed of variation

A deed of variation is a very effective and often underused tax planning tool which allows beneficiaries of an estate to reallocate all or part of their entitlement under the administration of the estate.

Provided the variation is completed within two years of death, the gift under the deed will be treated as though it had been made by the deceased and ‘read back’ into the will for inheritance tax and capital gains tax purposes.

The main reasons that a deed of variation might be useful are:

  • to reduce inheritance tax;
  • to include charitable giving; or
  • to make provision for disappointed beneficiaries who may have a potential claim against the estate.

 

For information on legal costs

Please contact our private client team for a bespoke quotation.

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Contacts

For advice on anything related to probate or the administration of an estate, please contact:

on 01435 890104.