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A codicil is a legal document that allows changes to an existing will without starting over. It is typically shorter than the original will, detailing only the modifications. You should create a codicil for adding or modifying beneficiaries or executors, enhancing specific sections, adding provisions, or including new property. Conversely, it’s better to draft a new will when major events affect multiple provisions, such as marriage or significant changes in assets, like acquiring real estate or winning the lottery. Codicils are useful for minor updates, while a new will is suited for substantial changes.
