Deeds of Variation Solicitors, Malton, York & Wetherby
If you are concerned about how an estate’s assets will be distributed after someone has died, we can help. In many situations, a person's Will (or the intestacy rules if someone has died without a Will) does not accurately reflect how their estate should be divided among beneficiaries. However, a deed of variation can be drawn up to reflect any changes in circumstance or practicalities not accounted for.
Our lawyers are highly experienced in this complex area of law and can help you navigate this often sensitive issue. There are, of course, legal requirements that must be satisfied to implement a deed of variation effectively, but our solicitors can ensure everything is in order.
To discuss your specific needs with one of our lawyers, call us today on 01653 692247 (Malton) or 01904 716000 (York) or 01937 583210 (Wetherby) or complete our online contact form, and we will get back to you.
When can a deed of variation be used?
It is possible to use a deed of variation either before or after obtaining Grant of Probate (or Grant of Letters of Administration where someone died without leaving a Will). There are, however, time restrictions as to when you can make changes to how an estate is distributed using a deed of variation. Changes must be made within two years of the deceased's passing. The deed must be signed by all of the estate's executors and the beneficiaries whose entitlements are affected, and this practical element must be factored in when considering how much time you have to make changes.
Why would I use a deed of variation?
We help clients use a deed of variation for a broad variety of reasons. You can get in touch with our team to discuss your specific circumstances, and we will explain your options, including whether a deed of variation might be right for you. Most commonly, a deed of variation is used:
- To ensure that a person who has not been included in the Will (or would not benefit under the intestacy rules) receives a share (such as a grandchild who was not yet born)
- To make the overall distribution of the estate more equal.
- To clarify any uncertainties in the Will.
- As a method of inheritance tax planning
This list is not exhaustive, contact our team today to discuss your specific needs and concerns.
Contact our Deeds of Variation Solicitors in Wetherby, Malton & Yorkshire
Here at Pearsons & Ward, our experienced probate lawyers are available to discuss with you why a deed of variation might be right for your circumstances. We will also advise you fully on the terms that need to be in place before the document can be drawn up. For a no-obligation quote, call one of our locally based team of solicitors today on 01653 692247 (Malton) or 01904 716000 (York) or 01937 583210 (Wetherby), or complete our online enquiry form.