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In this presentation, we explain codicils and will alterations. A codicil is a testamentary instrument similar to a will, executed and formalized in the same manner. It typically supplements an existing will by adding provisions, amending existing ones (like changing the value of a gift), or revoking specific provisions without revoking the entire will. Clients often prefer codicils over creating a new will for minor changes, as it can be more cost-effective. The requirements for a valid codicil mirror those of a valid will, necessitating signing and witnessing. A codicil effectively republishes the referenced will, maintaining its terms alongside any modifications.
