Inherited Property help

[HDPenguin]

I have recently been granted probate and have inherited 1/2 of a property, there are two other beneficiaries that each have inherited 1/4 of the property. We have come to an agreement that they will sell their share of the property to myself so I will be the sole owner of the property.

Is it legal to arrange this transfer between us such as simple transfer of funds?. But then how do I prove that the transfer is for the share of the house to then put the property deeds into my sole name. Would a contract drawn up by myself stating what has been agreed and signed by the two benefiaries be legal proof to enable myself to be the sole owner of the property?

We have recently been looking at Deed of Variation where beneficiaries can change how the will is written. So it could be written that myself will receive full ownership of the house and beneficiary 2 and 3 receive a lump sum that will cover the percentage of the house that they were due to inherit? Would this be a legal method for myself to use?

[Pezza54]

A deed of variation can be used to change a testator's wishes in a will. All beneficiaries affected by the change must sign the deed which needs to be witnessed.
Although there are templates available my advice is to use a solicitor to draft the deed and witness the signing.

[des8]

A will can be varied by letter, a deed is not absolutely necessary (altho' a solicitor's guidance might be advisable!)
https://www.gov.uk/alter-a-will-after-a-death