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Paul Ramble discusses the risks of making informal changes to an existing last will and testament. He notes that many people attempt to amend their wills by crossing out provisions and writing in new ones, such as changing executors or adjusting bequests. However, these alterations, made with pen or pencil, can lead to legal complications. Such changes may not be recognized as valid because they don't adhere to proper legal standards for amending a will. To avoid potential issues, it’s crucial to create a new will or formally execute amendments, ensuring that all modifications are legally legitimate and clearly articulated.