What are some practical ways to handle the distribution of sentimental items? Can a codicil be used to provide for the care of a disabled adult child for their lifetime?
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what is a codicil Informational
- What are the legal implications of survivorship clauses? Can a codicil be used to postpone the distribution of assets to beneficiaries?
- What are the advantages and limitations of Totten trusts? How does a codicil address the potential for a beneficiary to predecease the testator?
- Can a codicil waive the requirement for a fiduciary bond?
- What specific language should be used to address prior advancements?
- What are the legal limitations on delaying or conditioning the distribution of estate assets? How does a codicil relate to family settlement agreements that may be reached after the testator's death?
- How can a codicil effectively direct assets to a newly created charitable entity? How does a codicil address the potential for changes in the law between the time the will is executed and the time of death?
- Is it necessary to create a new will instead of a codicil for significant changes?
- Can a codicil grant or revoke a power of attorney?
- What is the general rule regarding the application of laws to wills and codicils? Can a codicil be used to specify the currency in which bequests should be paid if the estate holds assets in multiple currencies?
- Can a codicil include provisions that might discourage litigation?
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