Deed Of Variation Will After Death
DEED OF VARIATION WILL
AFTER DEATH
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I. PARTIES INVOLVED
This Deed of Variation ("Deed") is entered into on [Date], by and between:
[YOUR NAME], deceased, whose last will and testament was executed on [DATE OF ORIGINAL WILL], hereinafter referred to as the "Deceased".
[BENEFICIARY'S NAME], hereinafter referred to as the "Variant".
II. BACKGROUND
The Deceased passed away on [Date of Death], leaving a last will and testament that has been duly probated. The beneficiaries listed in the said will seek to make adjustments to the distribution of the estate in accordance with this Deed.
III. PURPOSE
The Variants wish to vary the provisions of the Deceased's will as to the distribution of the estate, as provided herein.
DEFINITION:
"Deceased": Refers to[YOUR NAME].
"Variant": Refers to [BENEFICIARY'S NAME].
"Deed": Refers to this Deed of Variation.
"Jurisdiction": Refers to the applicable legal jurisdiction.
IV. ASSETS TO BE TRANSFERRED
The Deed of Variation shall transfer the following assets from the Deceased's estate to the Variants:
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Money: Including but not limited to bank accounts, investments, and any other financial assets.
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Property: Real estate, land, or any other property held by the Deceased.
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Personal Possessions: Items such as jewelry, artwork, furniture, and vehicles.
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Debts and Liabilities: Adjustments to debts or liabilities left behind by the Deceased.
V. VARIATION
The Parties agree to the following variations to the Original Will or the intestacy rules:
Financial Assets
Redirecting funds from [Original Beneficiary Name] to [New Beneficiary Name].
Changing the percentages of distributions to align with the current needs and wishes of the Family.
Real Estate
Transfer of property located at [Property Address] from [Original Beneficiary Name] to [New Beneficiary Name].
Personal Possessions
Redirection of items such as jewelry and artwork to different beneficiaries as agreed upon.
Liabilities and Debts
Settlement and reallocation of any debts and liabilities.
VI. TERMS AND CONDITIONS
The terms and conditions of this Deed of Variation are as follows:
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The Variants agree to accept the assets transferred to them under this Deed.
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The Variants hereby release and discharge the executors of the Deceased's estate from any liability arising from the variation made under this Deed.
VII. LEGAL ADVICE
The Variants acknowledge that they have sought independent legal advice from [Name of Legal Advisor] of [Law Firm] located at [Address], [City], [Postcode], before entering into this Deed of Variation.
VIII. GOVERNING LAW
This Deed shall be governed by and construed in accordance with the laws of [Jurisdiction], and any disputes arising under or in connection with this Deed shall be subject to the exclusive jurisdiction of the courts of [Jurisdiction].
IX. EXECUTION OF DEED
This Deed shall come into effect upon execution by all parties hereto. The execution may be in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the Parties hereto have executed this Deed of Exchange as of the date first above written.
TESTATOR:
[YOUR NAME]
[YOUR ADDRESS]
BENEFICIARY:
[BENEFICIARY'S NAME]
[BENEFICIARY'S ADDRESS]
WITNESSES:
This Deed of Exchange is witnessed and signed on the day and the year first above written.
[WITNESS 1 NAME]
[WITNESS 2 NAME]
NOTARIZATION:
State of [State], County of [County]
On this [Date], before me, a Notary Public in and for said county and state, personally appeared [YOUR NAME] and [BENEFICIARY'S NAME], known to me to be the persons whose names are subscribed to the foregoing instrument, and acknowledged that they executed the same for the purposes therein contained.
[Notary Public Name]
Notary Public in and for [State]
My Commission Expires: [Expiration Date]
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