A Deed of Variation lets you give assets you've inherited to another person, or organisation, often reducing your tax bill.
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.
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 and 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.
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:
Call us for a confidential, no obligation chat, or fill out our enquiry form and we will let you know how we can help. We can also visit you at your home if you wish.
Our specialist lawyers are based in:
But we can help you wherever you are in England and Wales.
Call our Wills and Probate solicitors on 0808 231 1320
or fill out our enquiry form and a solicitor will get in touch.
Associate, Wills, Trusts, Tax and Probate
Saffron Walden office
Senior Associate, Wills, Trusts, Tax and Probate
Bishop's Stortford office
Senior Associate, Wills, Trusts, Tax and Probate
Bishop's Stortford office
Solicitor, Wills, Trusts, Tax and Probate
Cambridge office
Copyright © 2024 Tees Law. All rights reserved.