IHTM35001 | Alterations to the devolution of an estate: introduction

There are many reasons why the beneficiaries of an estate may wish to change the benefits given by will, intestacy or survivorship, such as to

• clarify uncertainty in a poorly drafted will

• take account of the differing fortunes of the beneficiaries

• make good an injustice (perhaps children may wish to give part of their inheritance to provide, or make better provision, for a surviving spouse or civil partner (IHTM11032))

• take advantage of estate planning opportunities to reduce liability to IHT.

The IHTA84 contains several provisions (IHTM35002) under which a person entitled to benefit from an estate under the will or by the intestacy provisions may alter the destination of their entitlement in such a way that

• the act by the beneficiary or person is not a transfer of value, but

• it may change the IHT liability on the death or, exceptionally, other event on which the beneficiary became entitled.

• Details of what is included in the definition of estate for the purposes of IHTA84/S142 are set out at (IHTM35071)