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Executor receives Deed of Variation from beneficiary: what to do?
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Yes I agree there's plenty of legitimate reasons.Dodge1664 said:Shelldean said:The beneficiary isn't trying to divert funds to avoid losing benefits are they?What is the point of making such a ridiculous comment? In a word, no. There are legitimate reasons why someone might want to do this if you apply a little thought to it.
But people often try to divert the money so they can continue to claim benefits.
It's actually it's a very common subject on this board. Have a read.
I asked the " ridiculous " question because if it was the reason the original beneficiary was attempting to divert the executor could say NO and point the beneficiary to Google "depravation of assets" which is highly frowned upon by HMRC
Of course the executor is well within their rights to just say No anyway
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Even if it were true, the original benefactor is hardly likely to say so.0
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The other potential dander for an executor is that the beneficiary is bankrupt and wants to hide the inheritance from the OR. For safety they should check the register.Dodge1664 said:Even if it were true, the original benefactor is hardly likely to say so.
https://www.gov.uk/search-bankruptcy-insolvency-register
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