Deed of Variation
Can You Change a Will After Death?
The answer is Yes! As long as it's within two years of the death.
A Deed of Variation changes a Will after death and enables the Beneficiaries of a Deceased's estate to alter the distribution of that estate, or relinquish a bequest from an estate, by changing the Deceased's will.
Why Use a Deed of Variation?
There are many reasons why it maybe desirable to amend the Will of a Deceased, or indeed of an Intestacy where there is no will.
The main reason for using a Deed of Variation is to ensure that the assets passed to a Beneficiary are protected from threats such as the following:
- Divorce Settlements
- Long Term Care Fees
- Creditors and Bankruptcy
- Generational IHT
- Marriage after Death