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Is there any way of rectifying the problem of an outdated Will AFTER somebody has passed away?
There is a document that can provide the beneficiaries of your Will with the ability to “change” the distribution of an estate to accurately reflect the wishes of the deceased and ensure that there will not be any negative Inheritance Tax or Capital Gains Tax implications of this redistribution. This is helpful if the law has changed since the execution of the Will. This document is called a Deed of Variation.
It is always best to make sure your Will is up to date, with regular reviews – a professional Estate Planner can identify any weaknesses in the Will.