What is a codicil?

A codicil is an amendment to an existing will, allowing the testator (the person who made the will) to modify specific provisions without the need to create an entirely new will. This can include changes in beneficiaries, alterations of bequests, or updates to executor information. The codicil must be executed with the same legal formalities as a will, ensuring it is valid and enforceable.

This option accurately reflects its function in estate planning, making it essential for individuals who wish to make adjustments to their will after it has been initially drafted without completely rewriting the original document. By utilizing a codicil, the testator can efficiently manage changes in their estate planning, keeping it current and reflective of their wishes.