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Deeds of Variation
What is a deed of variation?
A deed of variation is a document which changes the destination of gifts left by someone who has died.The gifts may have been left in aWill or under the intestacy rules (which apply when someone dies without leaving a Will).
Provided the deed of variation is made within two years of the death and contains appropriate wording, it is as if the person who died had left the benefit to the new beneficiary for Inheritance Tax purposes.
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Hewitsons LLP is authorised and regulated by the Solicitors Regulation Authority.
Hewitsons LLP is authorised and regulated by the Solicitors Regulation Authority.