Deed Of Variation Will
Deed of Variation Will
I. Introduction
This Deed of Variation Will is designed to allow [Your Name], Executor of the estate of the deceased [Testator's Name], to make alterations to the distribution of assets as specified in the Will of the deceased.
II. Parties Involved
This Deed of Variation is made on [Date] between:
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[Your Name] (hereinafter referred to as the "Executor"), of [Executor's Address].
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[Beneficiary's Name] (hereinafter referred to as the "Beneficiary"), of [Beneficiary's Address].
III. Background
The Executor is the appointed representative responsible for administering the estate of the deceased [Testator's Name], as per the last will dated [Date of Will].
IV. Variation of Will
4.1 The Executor and the Beneficiary agree to vary the terms of the Will to distribute the estate as follows:
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Amendment Details: Adjusting the distribution percentages to allocate a larger share of real estate to the Beneficiary and reducing cash assets accordingly.
4.2 The Executor and the Beneficiary acknowledge and agree to the terms of this variation, which shall be legally binding.
V. Confirmation
5.1 The Executor confirms that this Deed of Variation is made freely and voluntarily, without receiving any payment or benefit from the Beneficiary.
5.2 The Beneficiary confirms acceptance of this variation and waives any further claims against the estate.
VI. Tax Considerations
It is understood by the parties that this Deed of Variation may have tax implications. It is affirmed that all parties have been made aware of these implications by their respective legal advisors.
VII. General Provisions
7.1 This Deed of Variation shall be governed by and construed by the laws of [State/Country].
7.2 Any disputes arising from this Deed of Variation shall be subject to the exclusive jurisdiction of the courts of [State/Country].
VIII. Signatures
IN WITNESS WHEREOF, the parties hereto have executed this Deed of Variation on [Date].
Executor
[Your Name]
Beneficiary
[Beneficiary's Name]
IX. Notary
On this [Date], before me, [Notary's Name], a notary public in and for the said state, personally appeared [Your Name], known to me to be the person described in and who executed the foregoing instrument, and acknowledged that he/she executed the same as his/her free act and deed for the purposes therein contained.
Notary Public: [Notary's Name]
My Commission Expires: [Expiration Date]
