Quick Answer What is a deed of variation UK? A deed of variation is one of the most powerful post-death estate planning tools available in the UK. It allows families to reorganise an inheritance in a tax-efficient way, even after the person has died. Updated April 2026 Advertisement How Does a Deed of Variation Work?
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Deed of Variation vs Making a New WillA deed of variation can only be used after death to redirect an existing inheritance. It cannot change who is an executor or alter the will itself. To change who inherits while still alive, you need to update your will. A deed of variation is not a substitute for proper will planning — it is a correction tool. Bottom line: A deed of variation is a powerful post-death tax planning tool, but it only works if all affected beneficiaries agree and it is done within 2 years. The best approach is always to have a valid, up-to-date will so your estate passes as intended from the start. Advertisement Frequently Asked QuestionsWhat is a deed of variation UK? A deed of variation is a legal document allowing beneficiaries to redirect inherited assets to others. It must be signed within 2 years of the date of death. If correctly executed, the redirected assets are treated as left directly by the deceased for IHT purposes. How long do you have to do a deed of variation? A deed of variation must be completed within 2 years of the date of death to obtain the inheritance tax and capital gains tax benefits. Does a deed of variation save inheritance tax? Yes. By redirecting assets to a spouse (who inherits IHT-free), a charity (which may reduce the IHT rate), or directly to grandchildren (skipping a generation), a deed of variation can significantly reduce the overall IHT burden on the estate. Do all beneficiaries have to agree to a deed of variation? Yes. All beneficiaries whose interests are affected by the variation must consent and sign the deed. Is a solicitor required for a deed of variation? A solicitor is not legally required but is strongly recommended, particularly where inheritance tax is involved. Errors can be costly and cannot easily be corrected after the 2-year window closes. Can you do a deed of variation on an intestate estate? Yes. A deed of variation can be used to redirect assets that pass under the Rules of Intestacy, not just assets distributed under a will. This article is for informational purposes only and does not constitute legal advice. Contains affiliate links — we may earn a commission at no extra cost to you. |
Deed of Variation UK 2026: Change a Will After Death (Full Guide)
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