Deed of Variation

Have you inherited within the last 2 years? 

It is a shame that most people are not aware of what a Deed of Variation is or how it could help them, particularly in reducing liability to Inheritance Tax. 

Within two years of death it is possible for any or all of the Beneficiaries to redirect their share of an inheritance to others. In order to do this the Beneficiary needs to be adult (over 18) with mental capacity and they must wish to alter the distribution under the original Will or intestacy. 

A Deed of Variation can be used either where a deceased person made a Will or where the deceased person died without a will (intestate). 

In the event of a person dying intestate the draconian intestacy rules are likely to cause a distribution of the Estate which may not be what the deceased would have wished or will appear unjust to the Beneficiaries. 

Even if the deceased made a Will it is possible for a variety of reasons that this would not be the most appropriate distribution of their estate. 

Inheritances are often received when a Beneficiary is in their 50’s or 60’s, they may be financially stable and considering their own Inheritance Tax position, it may be that a Deed of Variation will allow greater harmony within the family. 

Please be aware that the above is a simple summarised explanation of Deeds of Variation based upon the law as at August 2017 and is subject to change. For specific advice in relation to your individual circumstances please contact a member of the Wills and Probate team below.

Pauline Davies pauline.davies@pcblaw.co.uk  at the Shrewsbury , Knighton or Clun office

Julie Griffiths julie.griffiths@pcblaw.co.uk  at the Church Stretton office

Rachael Stokes rachael.stokes@pcblaw.co.uk at the Shrewsbury or Dawley office

Thomas Wardle thomas.wardle@pcblaw.co.uk  at the Craven Arms or Ludlow office


 
 

In this section:

Who can I talk to about Deed of Variation?

Solicitor Pauline Davies:

pauline.davies@pcblaw.co.uk

Tel: 01743 237124

Legal Clerk Julie Griffiths:

julie.griffiths@pcblaw.co.uk

Tel: 01694 723818

Trainee Solicitor Thomas Wardle:

thomas.wardle@pcblaw.co.uk 

Tel: 01588 674002

Trainee Solicitor Rachael Stokes:

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