



Can a codicil grant specific powers to the executor regarding real property?
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what is a codicil Informational
- What are the legal considerations regarding environmental cleanup costs? Can a codicil be used to create a "family limited partnership" (FLP) to manage and transfer family assets?
- Can a codicil authorize the executor or trustee to hire investment advisors?
- What are the default rules for distributing assets to descendants if the will or codicil is silent? Can a codicil be used to create a qualified terminable interest property (QTIP) trust for a surviving spouse?
- Can a codicil provide instructions for the continuation or termination of these memberships?
- What are the legal default rules for predeceased beneficiaries? Can a codicil be used to forgive a loan made to a family member or friend?
- How does a codicil legally affect an existing will? Can a codicil be used for any type of amendment to a will?
- How does a codicil typically interact with the separate trust document? How does a codicil address the potential for a beneficiary to have creditor problems or file for bankruptcy?
- What medical or other evidence is relevant to assessing testamentary capacity for a codicil? What is the role of the probate court in relation to a codicil?
- How should a later codicil clearly indicate its intention to revoke a previous one?
- Could a challenge to a codicil trigger a "no contest" clause in the original will?
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