50 thoughts on “Deed of Variation: Your Questions Answered”
Me and my partner divorced but remained together, we did not know about the Spouse rule, sadly he has passed away and i have now found out following is death.
My family member was left a portion of his will and wanted to gift this to me via a deed of variation but is worried the government will think they are trying to just keep benefits, is there anything that can be done, we do not know any figures fomr the estate at this time.
We would recommend that the beneficiary discusses this with the Department of Work and Pensions (DWP) as any form of gift could be treated as deprivation of assets in order to secure future benefits. Clear guidance from the DWP should be sought but it is our view that a Deed of Variation or any gifting would be regarded as deprivation of assets for the purposes of securing future benefits.
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Me and my partner divorced but remained together, we did not know about the Spouse rule, sadly he has passed away and i have now found out following is death.
My family member was left a portion of his will and wanted to gift this to me via a deed of variation but is worried the government will think they are trying to just keep benefits, is there anything that can be done, we do not know any figures fomr the estate at this time.
We would recommend that the beneficiary discusses this with the Department of Work and Pensions (DWP) as any form of gift could be treated as deprivation of assets in order to secure future benefits. Clear guidance from the DWP should be sought but it is our view that a Deed of Variation or any gifting would be regarded as deprivation of assets for the purposes of securing future benefits.