Deed of Variation to reduce IHT

Tom99

castle96 wrote: »

Just done similar/DofV. £600 additional fees to solicitor for 'simple' form

You can shop around. I have paid for 2hrs work so about £500 but the last one was 1hrs work at £180+VAT

Keep_pedalling

getmore4less wrote: »

The issue with not doing a DOV is that any changes become gifts from those beneficiaries that give up a share and will sit as PETS on their own estates for 7 years

I don't think so, one of the main reason for doing a DoV is to avoid an inheritance ever hitting your own estate.

getmore4less

Keep_pedalling wrote: »

I don't think so, one of the main reason for doing a DoV is to avoid an inheritance ever hitting your own estate.

Try reading what I wrote before replying.

Keep_pedalling

getmore4less wrote: »

Try reading what I wrote before replying.

Sorry, senior moment :embarasse

pip895

With the additional £150k of allowance we will largely be out of IHT. Presumably, it is then more efficient to simply gift aid the money to the charities once we have it, particularly as my sister is currently a HR tax payer?