Deed of Variation

Keep_pedalling

ggmf said:

Thank you to @cfw1994 @powerful_Rogue and @JGB1955 for your rsponses to my post. I fail to see why @Keep_pedalling requested my post to be moved here when there are so many questions on gifting and inhertiance on the Pensions, annuities & retirement planning board.

I have asked for this thread to be deleted and hope that @Keep_pedalling remains very happy.

I asked for it to be moved because your questions have absolutely nothing to do with pensions (and it seems the moderators agree).  I hope this won’t be deleted because it is useful for others to read who are in a similar position and this is the board they will look to for questions about changing wills by DoV. 

RAS

You don't need your siblings' permission, only those who lose out have to consent. And you don't really need a solicitor. Since your children are adults, there is no need for trusts.

A simple letter kept with the probate papers for the next 7 years avoids any misunderstanding as to the status of the transfer.

cfw1994

RAS said:

You don't need your siblings' permission, only those who lose out have to consent. And you don't really need a solicitor. Since your children are adults, there is no need for trusts.

A simple letter kept with the probate papers for the next 7 years avoids any misunderstanding as to the status of the transfer.

Agreed.
 In our case, each beneficiary (wife’s siblings) was giving up a five-figure sum to their offspring (thankfully each has 2 which made things very easy!), so all agreed to a shared DoV document 👍

On the topic of where this thread lives - I hadn’t even clocked there was a “Deaths, funerals & probate” section here, but it does make more sense to live under that heading 🤷‍♂️
@ggmf - hope that makes sense and you can leave it here.

Hopeful might be useful to others….indeed, would have helped my research before crafting ours 👍