When creating an estate plan in California, there are several important documents to consider. One of the most important ones is the codicil, which you can use to make several changes to your will.
What is a codicil?
A codicil is an estate planning document that amends an existing will. You can use it to add, delete or change provisions in the will. This document is important because it can help you make important changes to your will without having to create a new one.
What are some of the common uses of a codicil?
You may require a codicil if you want to make certain changes to your will, such as changing the executor or guardian of a minor child, adding or deleting a beneficiary, or changing the bequest amount to a specific beneficiary. If you want to modify the powers of attorney or change the executor, you will also need a codicil.
How do you create a codicil?
There is no specific form for creating a codicil in estate planning. However, it’s important to make sure that the document is properly executed and that all required signatures are included. You should also make sure that the codicil is properly dated and that the amendments are clear. It’s important to remember that a codicil is not a stand-alone document: It must remain attached to an existing will.
You should create a codicil any time you want to make changes to your will. However, it’s important to note that you cannot use a codicil to revoke or replace your will. If you want to make major changes to your estate plan, you should create a new will.