Deeds of Variation
Your inherited wealth may be at risk!
What is a Deed of Variation?
A Deed of Variation can also be referred to as an Instrument of Variation, a Family Arrangement, a Deed of Surrender, or a Deed of Assignment. In a nutshell, a Deed of Variation changes a Will after death and enables the beneficiaries of a deceased’s estate to alter the distribution of that estate, or relinquish a bequest from an estate, by changing the deceased’s Will.
When can a Deed of Variation be used?
A Deed of Variation can be drafted up to two years after the date of death.
Varying the way the assets are distributed by the Will with a Deed of Variation, can ensure that your new found wealth is protected.
Why Use a Deed of Variation?
There are many reasons why it may be desirable to amend the will of a deceased, or indeed an Intestacy.
The main reason for using a Deed of Variation, is to ensure that the assets are passed to a beneficiary and are protected for generations to come from threats such as...