Is it advisable to consult with a lawyer when creating a codicil?
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what is a codicil Informational
- Can a codicil authorize the executor or trustee to hire investment advisors?
- What is the process for properly executing a codicil?
- Can a codicil specify how estate taxes should be allocated among different bequests?
- What is the legal status of family settlement agreements in relation to a will and codicils? Can a codicil be used to create an incentive trust to encourage certain behaviors or achievements by beneficiaries?
- How do courts interpret wills and codicils together? What are some common mistakes to avoid when drafting a codicil?
- Is it always better to create a new will to correct significant errors? How does a codicil affect a will that was created in another jurisdiction?
- What types of documents can typically be incorporated by reference? How does a codicil interact with powers of attorney?
- Can a codicil provide instructions for handling any assets discovered after the initial estate administration?
- What is the purpose of the attestation clause?
- Are there any additional responsibilities for an executor when a codicil exists? When is it advisable to create a codicil versus a new will?
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