Laws relating to Inheritance Tax change and evolve over time. However, understandably it is not something that attracts the attention of people in their day to day lives. This means that sometimes, Wills are left unadapted to reflect the most tax efficient way to pass assets to chosen beneficiaries.
Occasionally after someone dies, the beneficiaries nominated in the Will or those that are entitled to inherit under the rules of intestacy (where there is no Will) decide that they would like their share in the estate to pass to someone else. This maybe for personal tax purposes or simply a reflection of the deceased’s last wishes.
The good news is that the law allows for amendments to be made to the Will BUT it must be done within two years of the date of death. Our experienced team will identify whether a variation would be beneficial, advise you of your options and the consequences arising from each of them.
Our legal teams have a genuine passion for what they do. Their specialist knowledge is an absolute given and they take pride in working with clients to help them achieve the results they seek in their professional and personal lives.
If you have any questions please don't hesitate to contact us.
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