How Do You Change A Will?
To change a will you’ll need to make a ‘variation’. You don’t need a formal document for this, you can simply write a letter, as long as it meets the requirements of the Inheritance Tax Act and the Taxation of Chargeable Gains Act. The document you’ll need for this is called the Instrument of Variation checklist. If the variation means there’s more Inheritance tax to pay, you’ll need to notify HMRC within 6 months.