Redirecting an inheritance you do not need — and avoiding double Inheritance Tax.
If you inherit money or property you do not need, and intend that it should go to your children, you can “cut out the middle-man” and avoid double Inheritance Tax by varying the will or intestacy by which you inherited — but you must do this within two years of the death.
Time limit: a Deed of Variation must be made within two years of the death, or the option is lost.
I can draft the necessary Deed of Variation for you.