Deeds of Variation
Can an executor change a will?
Can an executor change a will is a question that comes up often during the probate process. A valid will sets out a person’s wishes as to how their estate should be distributed after their death and an executor cannot change a will.
However, there are some circumstances when beneficiaries may wish to change the arrangements and they are entitled to decide that certain assets, including money, may be redirected. In these cases, the beneficiaries may apply for a Deed of Variation.
What is a Deed of Variation?
A Deed of Variation is a legal document that allows the beneficiaries of an estate to change a will after the death of the person who made it, as if the variation had been made by the deceased.
A Deed of Variation has to be applied for within two years of the death of the person.
Common reasons for changing a will are to ensure fairness between beneficiaries or to consider Inheritance Tax implications.
If you are a beneficiary and would like to change a will, contact us for a free initial consultation.
If you appoint us to apply for a Deed of Variation on your behalf, a named member of our estate administration team will support your case from start to finish and a member of the team will always be available to speak to on a day-to-day basis.
Who inherits if there is no will? It is estimated that as many as 30 million people across the UK do not have a will. Losing somebody close to you is a difficult enough time for anybody, but if that person dies without leaving a will, it can cause additional distress...
What is inheritance tax? Inheritance tax is a tax that sometimes has to be paid on a person's estate after they have died. Because talking about death is uncomfortable for many of us we don’t tend to dwell on it, but have you thought about what happens to your assets...
Do I need to use a lawyer for probate? When somebody close to you dies, dealing with their affairs can be a challenging task. And if you have been left in charge of sorting out somebody’s property, money and possessions after they’ve passed away, then the chances are...
Probate is the legal process that you have to go through before you can deal with a person’s assets after they die. It is possible to deal with probate yourself, and when a will is simple and the person dealing with it is confident with the probate process and various...