Deed of Variation Template
A deed of variation lets beneficiaries redirect part of an inheritance, often for tax planning or to provide for someone left out. It must usually be made within two years of death.
What this deed of variation covers
- The variation to the inheritance
- Who is redirecting and to whom
- Tax elections
- Consent of affected beneficiaries
- Reference to the estate
When you need a deed of variation
- Redirecting an inheritance
- Inheritance tax planning
- Providing for someone not in the will
The legal framework
Understanding the law behind a deed of variation helps you use it well. Here is the key UK legislation that applies:
Frequently asked questions
Is there a time limit?
Yes. To be effective for tax purposes, a deed of variation generally must be made within two years of the death.
Who needs to agree?
Any beneficiary whose entitlement is reduced must consent to the variation.
How Legal Lift helps
Answer a few plain-English questions and our AI generator produces a tailored deed of variation, ready to edit, download as PDF or Word, and e-sign with LegalSign. Every template is kept current with UK law, and our SRA-regulated solicitor partners are available if you'd like it reviewed.