My Father-in-law has suddenly died and has left a will leaving all to his wife, then to their only daughter. Two weeks prior to my father in laws death my mother in law went into a home suffering from a form of Altzymers (Getting worst very quickly - Also with a limited life expectancy)
We have been left with sorting the estate out and obtaining POA on my mother in law. We had heard about the deed of variation and thought it would work in this case as my father in law would have changed his will as my mother in law is well provided for under her own money.
The problem as we see it is that the my wife is both the executor of the will, POA of her mother and the sole beneficiary of the estate after her mother.
Is the deed of variation still worth going for to avoid the Tax situation?
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