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A codicil is a legal document that allows modifications to an existing will without drafting a new one. Typically shorter than a will, it specifies the changes intended. You should create a codicil if you need to add or change beneficiaries or executors, include new property, or add details to specific sections of your will. However, it's advisable to draft a new will instead of a codicil when significant events alter multiple provisions, such as marriage, changes in asset distribution, acquiring new real estate, or winning the lottery. In such cases, a new will may better reflect your current wishes and circumstances.
