A deed of variation is used to:

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Multiple Choice

A deed of variation is used to:

A deed of variation lets beneficiaries adjust how the estate is distributed after death. It’s a post-death agreement among those who would benefit under the will (or under intestacy) to change who receives what, within two years of the death. This is often done for tax planning or to reflect a family arrangement that the deceased would have approved. The variation is binding and, for tax purposes, is treated as if the altered distribution had been in place at the time of death. It does not revoke the will, appoint guardians, or create a new testament; it simply changes how the estate passes to beneficiaries.

A deed of variation lets beneficiaries adjust how the estate is distributed after death. It’s a post-death agreement among those who would benefit under the will (or under intestacy) to change who receives what, within two years of the death. This is often done for tax planning or to reflect a family arrangement that the deceased would have approved. The variation is binding and, for tax purposes, is treated as if the altered distribution had been in place at the time of death. It does not revoke the will, appoint guardians, or create a new testament; it simply changes how the estate passes to beneficiaries.

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