Deed of Variation for Will
Our Deed of Variation for Will template:
- Now over 600 sold!
- easily vary the Will with this Deed
- UK-legal-expert-drafted template Deed
- full guidance notes in clear English
How Does It Work?
This is our Deed of Variation for Will template. Use it when a person dies who has left a valid Will and the beneficiaries, as named in the will, want to change who will inherit, i.e. changing a will after death. You would generally use a Deed of Variation after probate has been granted, i.e. once the Executors of the deceased have been appointed. This is when they have obtained the Grant of Probate from the local Probate Office. However, this is not strictly necessary if the estate is so small that you are not obliged to take out a grant of probate.
Please note that there is a strict 2-year deadline from the date of death for getting a deed of variation in place.
Using our template, you can validly and easily vary the Will.
This is one of our best-selling templates, with over 600 sold!
Customise our deed template to the specific individual requirements of your situation. It comes complete with a detailed guide that leads you through each clause in the deed.
This type of do-it-yourself Deed of Variation puts in place a reliable deed that is suitable for varying a deceased’s estate. David, our co-founder and solicitor of over twenty years, has drafted it. This ensures that you can rely on the Deed template being both legally comprehensive and up-to-date.
Our detailed drafting guidance notes (free with the template) set out a clause-by-clause explanation of the deed. This makes completing the final Deed of Variation simple.
This is a very cost-effective way to go about completing the variation of who receives what from a deceased’s estate. A copy of the guidance notes are available here: guide to this deed of variation for will template.
Using our Deed of Variation for Will template
Buy this template for a Deed of Variation for Will and then download it in Word format. Just click the download button once purchased. Then easily edit it to suit your own needs.
We provide a full money-back guarantee if you are not happy with your template document for any reason.
Once purchased, you can reuse the template as many times as you want. So you can create further deeds of variation at no further cost. We keep our templates under review to ensure they are up-to-date. When we update a template that you have bought, we will notify you by email and you will get a free updated template.
This Deed of Variation is suitable for use in Scotland, as well as the rest of the UK.
Inheritance and Variation – when to use the Deed
Someone, who is due to receive an inheritance as a result of the death of a person who left a valid will, can use our Deed of Variation for Will template to divert all or some of that inheritance to someone else. Used in this way, the Deed of Variation can help save on Inheritance Tax in some situations.
It has several options, so for example the deed of variation is suitable for use:
1. to divert part or all of the person’s inheritance; or
2. where there was an asset that was owned jointly with the deceased under a “joint tenancy” (e.g. a house) which, as a result of the death, has now become owned solely by the survivor (NB it also works for any joint property held under a “tenancy in common” too); or
3. to divert the inheritance to (a) someone else who is a beneficiary under the will or (b) someone who would not otherwise be a beneficiary under the will; or
4. where there is one or more than one person passing the legacy on; or
5. where there is one or more than one person the legacy is being passed on to.
Our template complies with the HM Revenue & Customs requirements for the contents of a deed of variation, but you may find their checklist helpful to look at yourself. You can find it here: https://www.gov.uk/government/publications/inheritance-tax-instrument-of-variation-checklist-iov2.
Can I use a Deed of Variation to put money into a trust?
You can use our deed of variation template to divert money from the original beneficiary to a trust. However, please note:
- our template does not create the trust (if you don’t already have a trust set up), so you will need a Trust Deed; and
- as trust work is complex and there are also tax rules to comply with, we do not offer a template to create a Trust Deed – you will need to use a solicitor for this work.
Contact us if you would like a no-obligation fixed fee quote from a recommended firm of solicitors for creating the Trust Deed for you.
What About an Intestate Estate?
This version is not suitable for use in the event of the estate of someone who has died “intestate”, i.e. without leaving a valid will, in which case the Intestacy Rules apply. Instead, you need a different form of deed of variation for this. However, one is available from Legalo: deed of variation for intestacy template.