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In this video, Paul discusses the risks of making changes to an existing last will and testament. He highlights that individuals often want to modify their wills due to changing circumstances, such as replacing an executor or altering bequests. For example, a person might want to change their executor from Joseph to Fred by simply crossing out Joseph’s name and writing in Fred's. Similarly, they might want to reduce a monetary bequest from $100,000 to $85,000 by crossing out the original amount. Paul warns that such handwritten edits can lead to legal complications, suggesting that formal amendments, such as creating a new will or a codicil, are a safer approach to ensure one's intentions are clearly documented and enforceable.
