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House is worth somewhere between £350,000 and £400,000, so based on 50% share there is up to £200,000 subject to will.
Savings are worth up to about £40,000. I have control of these as I've held authority on one the accounts since 2005.
So values are varstly disproportionate, but I am offering my sister the money on the basis she can abstain from all responsibility for administering my mum's will and any issues that will result when my stepfather eventually dies. (He is leaving all his estate to his own children).
Thanks for that. So basically it's Deed of Variation or I'm stuffed !
Just two things on that. What would be the first steps to get that moving ?
Also, how far can a solicitor intervene in preventing such an arrangement if they suspect or conclude that the person being asked to reduce their share might be vulnerable ?
I ask this because my sister, whilst perfectly intelligent and coherent when sober, has in recent years become prone to daily drinking and may appear unstable to a solicitor.