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A codicil is a legal document used to modify or change an existing will without needing to create a new one. It is typically shorter than the original will, outlining only the specific changes. You should create a codicil if you need to add or modify beneficiaries or executors, enhance details in a section, include new provisions, or add new property. However, it's better to create a new will in cases of significant life events (e.g., marriage, inheritance, or major asset changes) that affect multiple provisions of the will or if the amendments are extensive.