Overview
A Codicil is a legal document that amends, rather than replaces, a previously executed will.
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What is a Codicil?
A Codicil is a legal document that amends, rather than replaces, a previously executed will. It is used when an individual, known as the testator, wishes to make minor changes, additions, or clarifications to their existing will. A codicil allows for alterations without the need to draft a new will entirely.
What are the benefits of creating a Codicil?
- Flexibility: Provides a flexible way to make changes to a will without the need to rewrite the entire document.
- Convenience: It's a convenient option for making minor adjustments or updates, like changing an executor or adding a beneficiary.
- Clarity: Helps in clarifying any ambiguous statements in the original will, reducing the potential for disputes among beneficiaries.
In summary, a codicil is a useful legal tool for making minor amendments to an existing will, ensuring that the will remains an accurate reflection of the testator's wishes without the need to draft a completely new document.
Solution