If you are named as the beneficiary of a traditional Will - or a Mirror Will that distributes assets to you absolutely - then those assets could be exposed to some form of risk if they haven't been placed into a Trust. The risks that can be placed on these assets include:

  • Care fees
  • Divorce/separation settlement payments
  • Creditors
  • Tax

  In order to protect the assets you need to vary the manner in which they are distributed via a will. This is where Deeds of Variation come in.... A Deed of Variation effectively alters a Will after death - allowing the beneficiaries of the Will to change the distribution of the estates assets. It can be made up to 2 years following death to help protect the assets from the above risk factors. Personal Injury Resources
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