Deeds of Family Arrangement
Surprising as it may seem, the beneficiaries of a deceased person’s estate are allowed to re-write the Will (provided that they are all 18 or over and in agreement).
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David Maxwell - Ian Naylor
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If this is done within two years of the date of death they will also be able to benefit from any reduction in the Inheritance Tax bill that arises from the manner in which the Will has been re-written. Although Wills are occasionally varied after death simply to re-direct assets to needy beneficiaries, variations are more usually made in order to reduce the Inheritance Tax bill.
For further information, please contact David Maxwell on +44 (0) 20 7725 8079 or click here to email David Maxwell directly.