Deed of Variation

CLAPTON

castleton wrote: »

Not recieving any benefits.I am lucky in that I have enough to live on and both in work.Next generation could make more use of it.
I have made provisional enquiries with solicitor and they want £500 to do Deed of variation ( alot of money ).
If I have to do it I will, just wondered if there was a cheaper way?

Yes there is a CHEAPER way.

Why don't you just GIVE the money to them

No cost, no solicitors

YOU DON'T NEED A DEED OF VARIATION, you just give it to them,
simple

noh

Mojisola wrote: »

They can't do a Deed of Variation is there is no will.

Just accept the inheritance and write a cheque for your son.

I don't believe that to be the case.
Google "deed of variation intestacy"
there are many results indicating that a deed of variation is applicable to intestate estates.

One result from Desktop Lawyer offers a do it yourself service for £49.99 or Solicitor service for £199.

getmore4less

Why is the just gift it a problem?

purple_haze

You most certainly can do a deed of variation following an intestacy.Have a look at s142 Inheritance Tax Act 1984 here which sets out all the law relevant to deeds of variation.

Mojisola

noh wrote: »

I don't believe that to be the case.
Google "deed of variation intestacy"
there are many results indicating that a deed of variation is applicable to intestate estates.

One result from Desktop Lawyer offers a do it yourself service for £49.99 or Solicitor service for £199.

purple_haze wrote: »

You most certainly can do a deed of variation following an intestacy.Have a look at s142 Inheritance Tax Act 1984 here which sets out all the law relevant to deeds of variation.

Thanks for that information.