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In this video, Daniel Hunt, a certified estate planning specialist, discusses whether updating a will is necessary and explains the function of a codicil. A codicil is a legal document that modifies specific parts of an existing will, allowing changes without rewriting the entire document. This was historically useful before the advent of word processing. However, in California, where revocable living trusts are common in estate plans, codicils are now relatively uncommon. Hunt highlights that many homeowners need to focus on creating a trust-based estate plan instead of relying on codicils for updates.