Deed of variation

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syckend
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Deed of variation

Post by syckend » Fri Oct 21, 2005 10:36 pm

Supposing a property is held 'tenants in common' with a surviving spouse not affected by IHT, what are the advantages and disadvantages of leaving inheritance matters in the hands of the survivor[s] by way of a Deed of Variation?

gardenlaw
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Post by gardenlaw » Sat Oct 22, 2005 12:59 am

There is always the possibility that the Government will change the law so that a Deed of Variation can nolonger be used to avoid inhritance tax.

A lot of people have not heard of deeds of variation and by the time they do the 2 years from date of death in which to make one may have passed.

People can feel it is a violation of their loved ones Will to rewrite it after their death.

The Deed is certainly useful since you do not always know what a surviving beneficiaries fiancial circumstances might be after your death.

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Post by DELETED » Mon Feb 19, 2007 5:16 am

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