What is a Codicil and How Does it Work?
A codicil is a supplement or an addition to a last will and testament. It is a document that modifies or updates the provisions of the original will, but it does not replace the entire will. Codicils are typically used to make minor changes to the will, such as adding or deleting beneficiaries, changing the distribution of assets, or updating the executor's name.
To create a codicil, the testator (the person who made the will) must sign the document in front of witnesses, just like they would with the original will. The codicil should also be notarized to ensure its validity. Once the codicil is executed, it becomes part of the will and is legally binding.
It's important to note that a codicil can only be used to modify certain provisions of the will, such as the distribution of assets or the appointment of executors. It cannot be used to change the overall structure of the will or to add new beneficiaries who were not originally included in the will. In those cases, it may be necessary to create a completely new will.