Friday, August 24, 2012

Codicil: What It Is And What It Does

Codicil is a fancy word for an amendment to a will.  Executed in the same manner as a will, meaning a date and signature witnessed by two people (those are Wisconsin requirements), it modifies an existing will.  So, if you want to change the person named as guardian for a minor child, the back-up personal representative, of the percentage of your estate you are leaving to the local humane society -- a codicil is an easy fix.  A new will is probably not needed.

I do encourage you to seek the counsel of an attorney licensed in your state, one who focuses on estate planning and probate.  When making changes on your own, you risk invaliding a current will or creating confusion if the amendment is not clear.

Thanks for reading, and have a great weekend.

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