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A codicil to a will is a legal document that allows modifications to an existing will without needing to create a new one. It is typically shorter than the original will, as it only specifies the changes. You should create a codicil if you need to add or modify beneficiaries or executors, update details, include new provisions, or add new property. However, a new last will may be preferable in certain situations, such as major life events impacting many provisions (e.g., marriage or significant asset changes) or when the proposed amendments are extensive.