[TUHS] Wills. (Was: Sad but not unexpected news about the LCM-L)

[Ralph Corderoy]

Hi,

Larry wrote:
> So I gave him my third but it is a pain in the butt.  You can only
> gift so much each year without a tax implication.  

AIUI, in the UK, a ‘deed of variation’ can alter the will's wishes as
long as all beneficiaries sign.

> any kid can yield any portion to whoever they want and it is as if you
> wrote that into the trust/will.

That's open to sibling A pressuring B to yield without C-F knowing until
too late.  Whereas if A-F have to sign then some of C-F may stand up to
the bully, knowing what A's like.

-- 
Cheers, Ralph.