A codicil is a document that you can add to an already written Will to make small changes, revoke parts of the Will, or add new sections.
A codicil can be added to a Will to change the name of one or more Executors or take into account new funeral arrangements or a new funeral plan. You may have new children or grandchildren who you want to ensure are included in your Will, or your financial circumstances might have changed, and your estate needs to be updated to include new property or investments.
The codicil should be carefully written, signed, witnessed, and given as much care as the original Will that it is connected to. It is vital to ensure that it refers to the original Will and is very clear on what it is amending and how. Like a Will itself, you can write a codicil yourself, but it is always a good idea to speak to a professional about this to make sure that any codicils you add to your Will are legally sound.
You can add as many codicils to a Will as you need to, but above all, it is important that the Will is clear and easy to understand so that the probate process is as straightforward as possible when you do pass away. If the will becomes overly complicated with many amendments, it may be worth writing a new Will that incorporates all the changes.
Capital Life’s team of experts can support you to write, amend or consolidate one or more codicils so that the inheritance planning process is smooth, stress-free and easy to understand. Contact them today to find out more about how they can help.