DIY 'Deed of Variance'

cheerfulcat

willam wrote:

cheerfulcat, re 'Spot the difference'

First statement pleads no lawyer necessary for Inland Revenue to accept the right of an elderly widower redirect his late wife's savings to their children where all interested agree.

Hi, willam,

But there is no such right; at least, no right to do it without penalty. You can, by way of a Deed of Variation, repair things so that the estate is arranged in a tax efficient manner but this is a legal document and needs to be worded absolutely correctly - see both Sunset's and shibumi's posts; even solicitors get it wrong! Which is why I gave you the link to STEP, so that you can find an estate specialist.

Sorry not to answer that one earlier... Sunset's helpful post is right to mention the stress, I do appreciate all the comments.

I understand. I had to act as executor of my spouse's will a couple of years ago. It is a very sad and stressful time.

Take care

Cheerfulcat