What are some common estate tax planning strategies that can be implemented through a will or codicil? Can a codicil be used to make anatomical gifts or organ donations?
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what is a codicil Informational
- Can a codicil grant specific powers to the executor regarding real property?
- What are the legal considerations when transferring intellectual property through a will or codicil? Can a codicil be used to provide for the care of animals beyond the life of a specific caregiver named in the original will?
- What are the practical and legal considerations for digital legacy planning? How does a codicil address the potential for a beneficiary to misuse their inheritance due to addiction or other issues?
- Can a codicil grant or revoke a power of attorney?
- Are there any restrictions on who can witness a codicil?
- What happens if both the will and any codicils are found to be invalid? Can a codicil be used to appoint a conservator or guardian for an adult child with disabilities?
- What happens if a codicil fails to account for new family members? Can a codicil be used to create a trust?
- What are the benefits of establishing an ILIT?
- How can a codicil effectively communicate changes in end-of-life preferences? What is the difference between a codicil and an amendment to a trust?
- How can a codicil provide for newly added family members?
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