Deed of Variation or Family Arrangement
The Probate Department Ltd
Our Tax Barrister can help organise not only your own estate planning, but that of a family member who has died and whose Last Will and Testament is no longer appropriate.
very often people leave money to people who don't need it, creating a potential tax bill.
A Deed of Variation can (with the agreement of those losing out!) direct the money to the people who actually need it (or to a Trust) in order to maximise benefits and minimise Inheritance Tax.
BUT it must be completed as soon as possible after death as there is an HMRC deadline.
Call us on 01323 741204 urgently if this may be an issue.