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In this video, Paul discusses the risks of making handwritten changes to an existing last will and testament. He observes that many individuals, due to changing circumstances, attempt to alter their wills by crossing out provisions and adding new names or amounts, such as changing an executor from Joseph to Fred or adjusting a monetary bequest. However, these informal amendments can lead to confusion and legal complications, potentially invalidating the original terms of the will. Paul emphasizes the importance of formally updating wills through proper legal channels rather than making handwritten modifications, which may not hold up in court.