Deeds of variation

A Deed of Variation lets you give assets you've inherited to another person, or organisation, often reducing your tax bill.

Nicola Havers, Bishop's Stortford

What is a Deed of variation?

If you’ve inherited money, property or other assets or belongings under a will or the rules of intestacy, you can use a deed of variation to give some or all of that inheritance to another person or organisation. It's your choice, and it can be someone who wasn't mentioned in the Will.

How we can help you

Our expert solicitors will give you all the advice and support you need. We have a lot of experience in drawing up deeds of variation for all sorts of people. At the same time, we know that every case is different. That's why we take the time to get to know you, and your indiviual circumstances. This means we're able to give you tailored advice that's right for you.

Whatever your circumstances, we’ll help you draw up a document that does exactly what you need it to do. 

Reducing your inheritance tax bill

Deeds of variation are particularly useful if you want to manage your own estate and any potential liability for inheritance tax. However, there are a number rules attached to them, particularly on when you need to sign them and who else might need to sign.

Our experienced wills & probate team can guide you through the process smoothly. We'll advise on what you can and can't do, and the most efficient solution for you.

We look at every angle

A deed of variation can be just one part of a complex tax planning arrangement – we’ll help you find its right place in the bigger scheme, working in harmony with your other plans.

Among the sort of issues we can look at for the deed of variation and the wider implications are:

  • Agricultural relief and business property relief
  • Giving to charities
  • Declarations for inheritance and capital gains tax
  • Informing HMRC

Clear, practical advice

We keep it simple. Planning for the future is straightforward at Tees, because we work with you at every step. We'll explain your options, and how any decision might effect you and your dependents, in plain English. We make sure you're completely informed at every stage, so you fully understand the implications to you. We also explain the benefits, and any potential risk to you - so we can plan around it together.

You can trust in Tees

Throughout the process you can rely on our thoroughness and professionalism, and we’ll call on all our experience and expertise to ensure the final document meets your precise needs. At every point our advice will be geared towards securing your best interests.

We tailor our service to you

We offer you an honest, sensitive and plain-speaking service that is built entirely around your needs. It’s all about what works for you. So, tell us about your situation and we'll let you know how we can help.

Call our Wills and Probate solicitors on 0800 0131165

Call us for an initial chat, at no obligation, or fill out our enquiry form and a solicitor will get in touch.

Enquiry form

We understand your situation and our expert team are here to help

Get in touch to speak with someone who can help you move forward.

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