What is a codicil?

A codicil is a legal document that modifies, amends, or revokes provisions in an existing will. It allows individuals to make changes to their will without needing to rewrite the entire document. Codicils can be used to update various aspects of a will, such as:
Adding or Removing Beneficiaries: Include new beneficiaries or remove existing ones.
Changing Executors: Appoint a new executor or replace a current one.
Updating Bequests: Alter specific bequests, such as changing the distribution of assets or adding new items.
Adjusting Guardianship Provisions: Modify guardianship arrangements for minor children.
Creating a codicil involves similar formalities as creating a will. It must be signed and witnessed according to state laws to be legally binding. Consulting with an estate planning attorney can ensure that the codicil is properly executed and does not unintentionally invalidate the original will.
Understanding the purpose and use of a codicil can help you keep your estate plan current and reflective of your wishes.