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In this video, Paul discusses the risks of making informal changes to an existing last will and testament. He highlights that clients often want to update their wills due to changing circumstances, such as changing executors or adjusting bequests. However, making handwritten alterations—like crossing out names or amounts—can lead to significant legal issues. These informal changes may render the will invalid or lead to disputes among heirs. Instead, Paul emphasizes the importance of creating a new will or properly executing amendments to ensure clarity and legality, thus avoiding complications for heirs in the future.