Deed of Variation for Wills
If you’ve been left something in a Will, but want to pass this on to someone else, a deed of variation will protect your tax position.
If you were to die within seven years of redirecting the gift to someone else without a deed of variation your estate could be liable to pay unnecessary inheritance tax.
A deed of variation that follows statutory rules can save your family inheritance tax.
OUR LEGAL TEAM CAN HELP
We can prepare deeds of variation to ensure the legislative requirements are in place, ensuring that you are not exposed to future inheritance tax on any onwards gifts or re-directions you chose to make. Deeds of variation can also assist with capital gains tax planning. We can advise you on the implication of such tax planning, ensuring that time constraints are met and that any reporting to HMRC is done on your behalf.
MAKE AN ENQUIRY
Take the next step and call us on freephone number 0800 840 9293 or enquire about deeds of variation.
For will writing services, find out more about our will writing solicitors.