Are you one of the 66% without a Will?
66% of adults in the East of England do not have a valid Will...- 10 October 2024
Posted: 19 September 2023
A Deed of Variation is a legal document which allows beneficiaries of a Will to amend the distribution of the Will or, in the case of intestacy, change the application of the intestacy rules to the estate.
You can only make changes to your own share of the inheritance, for example:
A Deed of Variation can be set up at any point after the death of the Testator even before a Grant of Probate is issued.
However, it must be created and signed by the relevant beneficiary within 2 years from the date of death.
If someone dies without a valid Will, they are said to be intestate and the rules of intestacy will apply to their estate. You may use a Deed of Variation to change how the estate has been divided up under the rules of intestacy. The beneficiaries may decide to alter their entitlement in order to:
We would advise that it is best to discuss your wishes with one of our qualified Solicitors so they can assist you and draft a valid Deed of Variation document.
For more information or to make your appointment please contact our team today on team today on 01702 298282 or 01245 493959. Instructions can be taken by email, telephone, or face to face appointment in our offices.
- 10 October 2024
- 20 September 2024
- 20 September 2024