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A codicil is a legal document used to modify an existing will without the need for a complete rewrite. Typically shorter than a will, it specifies only the changes desired. It is advisable to create a codicil when you need to adjust beneficiaries or executors, add details, or include new property in your will. However, it's better to create a new will when significant life events occur—such as marriage, changes in asset distribution, or acquiring substantial new assets—impacting multiple provisions in the document. Ultimately, a new will ensures clarity when numerous amendments are needed.
