FAQs

Depending on the seniority of the role, restrictive covenants can be in place for up to 12 months. They should not be in place for longer than is necessary to genuinely protect the employer’s legitimate business interests or they may become unenforceable.

Whilst it isn't necessary to instruct a solicitor for a deed of variation, it may be useful as there are many complex requirements and time limits which need to be met.

Once a deed of variation has been signed, it cannot be revoked. Therefore, it's vital to take careful consideration when making the deed.

No. If the deed of variation meets all the necessary requirements and all parties have signed, it doesn't have to be registered. By signing, the parties enter into a legally binding agreement of what has been set out in the deed.

Any beneficiaries who are worse off as a result of the variation outlined in the deed must agree and sign the document.

The personal representatives must also sign if the tax position changes.

Yes, a deed of variation must be witnessed.

A Deed of Variation cost from £600 plus vat but can save you and your family many thousands of pounds.

A Deed of Variation is an agreement of changes to a deceased's Will which a beneficiary wishes to make. Any changes are taken to have been stated by the deceased and so do not affect the tax position of the person giving up their share of the estate.

A Deed of Variation is a powerful way to save substantial sums in tax.