A “codicil” is a fancy name for a document that updates your last will and testament. Depending on the situation, it may be better for you to create a codicil to your existing will as opposed to creating a completely new will, while at other times the reverse is true. Note that the standard language in a will automatically revokes any prior wills. This means that you don’t have to worry about old wills interfering should you decide to execute a new one. If you’ve decided you need to make a change to your will, the following factors will help guide you.
Use a codicil:
Creating a new will is better if you want to make an important or comprehensive change to the structure of your will, or the impact of your changes would be unclear if you only used a will codicil. For instance, you would want to create a new will in order to add a trust to your will if the will originally didn’t have any trusts. This kind of change would impact so many other provisions in the will that it would be simpler to just create a new will.
Create a new will:
If you do decide to create a new will, make sure that it revokes all prior wills. You should also destroy all copies of your old will and inform your executor (the personal representative you named in the will) of the location where your new will is being stored.
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