When It's Time to Update Your Will - Codicils
As life changes, so do you. It is never too early to start thinking about your estate planning and what will happen to your assets after you pass away. One of the key components of estate planning is creating a will, which outlines how you want your assets to be distributed and who will be responsible for carrying out your wishes. However, as your circumstances change over time, your will may need to be updated to reflect these changes. This is where codicils come in.
A codicil is a legal document that is used to make changes or additions to an existing will. It is essentially an amendment to your will, allowing you to update it without having to create a whole new document. Codicils can be used to make minor changes, such as updating the name of an executor, or major changes, such as adding or removing beneficiaries.
At our law firm, we understand the importance of keeping your estate planning documents up-to-date and relevant to your current situation. This is why we offer codicil services to help you make changes to your will as needed. Our experienced attorneys can guide you through the process of creating a codicil, ensuring that it is legally sound and reflects your wishes. Once the codicil is complete, it will need to be signed and witnessed in the same manner as your original will to ensure that it is legally binding.
It's important to note that while codicils can be a useful tool for updating your will, they should not be relied on as a substitute for creating a new will altogether. In some cases, it may be more appropriate to create a new will that reflects your current wishes rather than relying on a series of codicils.
If you're considering adding a codicil to your will, it's important to work with an experienced estate planning attorney to ensure that your wishes are properly documented and legally binding. At our law firm, we are committed to helping our clients achieve their estate planning goals and ensure that their wishes are carried out after they pass away. Contact us today to learn more about our codicil services and how we can help you update your will.