How should a codicil address potential exchange rate fluctuations? How does a codicil address the issue of intellectual property rights (e.g., copyrights, patents) owned by the testator?
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what is a codicil Informational
- What specific language should be used in a codicil to effectively forgive a debt?
- What are the legal implications of such dispute resolution clauses? Can a codicil be used to express the testator's values or wishes beyond the distribution of assets?
- What are the requirements for the testator's signature to be legally valid? What information should be included in an attestation clause of a codicil?
- While not always legally binding, can such instructions provide guidance?
- What are the tax implications of forgiving a debt through a will or codicil? How does a codicil affect specific bequests of tangible personal property?
- What are the potential benefits or drawbacks of including such personal messages in a codicil? How does a codicil relate to the concept of abatement of taxes, where tax liability is shared among beneficiaries?
- How can a codicil clearly define the scope of their authority? How does a codicil address the issue of fiduciary bonds for executors or trustees?
- How should a codicil establish the terms and management of a blind trust? How does a codicil address the issue of the testator's wishes regarding their remains (e.g., burial, cremation, donation to science)?
- What are the purposes of a blind trust?
- What are the legal considerations when using a codicil to address trusts? How does a codicil address changes in tax laws?
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