The person whose estate is being varied
These details appear on the face of the deed
This determines how the original entitlement arose
The original beneficiary who wishes to redirect their entitlement
The new beneficiaries who will benefit from this variation
Choose equal shares or specify custom percentages
Who will receive the redirected inheritance?
Second person to receive the redirected inheritance
Third person to receive the redirected inheritance
Fourth person to receive the redirected inheritance
Describe the specific property or entitlement being varied
Both elections are standard and recommended for most variations
Best practice is to include the personal representative(s) as signatories
Choose the UK jurisdiction for this deed
Review your customised deed below
Export to Word for bespoke situations where additional customisation or manual editing is required beyond the standard template.
IMPORTANT NOTES: This Deed must be executed within two years of the date of death of the Deceased. The Variator and Personal Representative(s) must each sign as a deed in the presence of an independent witness. The witness must not be a party to this Deed nor a beneficiary. New beneficiaries should sign to acknowledge acceptance. Where the variation results in additional inheritance tax becoming payable, the Personal Representative(s) must also join in the statement of intent (IHTA 1984 s.142(2A)). If additional tax arises, a copy of this Deed and a completed IOV2 checklist must be sent to HMRC within 6 months. Even where no additional tax is due, it is advisable to retain a completed IOV2 with the estate papers.
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