What are the legal default rules regarding simultaneous death? Can a codicil be used to create a generation-skipping trust (GST) to benefit grandchildren or more remote descendants?
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what is a codicil Informational
- What is the process for appointing a guardian or conservator? Can a codicil be used to create a fund for the ongoing maintenance of a burial plot or mausoleum?
- Can a codicil include provisions that address or waive potential conflicts?
- How can a codicil ensure they receive the intended benefits?
- Definition and Purpose
- What are the challenges and best practices for including digital assets in estate planning documents? Can a codicil be used to forgive a debt owed to the testator?
- 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 incorporate a special needs trust? How does a codicil address the issue of the testator's domicile (legal residence)?
- What are the legal rules regarding abatement and how can a codicil plan for this possibility? Can a codicil be used to create a spendthrift trust for a beneficiary?
- Can a codicil establish a process for beneficiaries to select items or resolve disputes?
- Are such provisions legally binding on the executor? How does a codicil address the issue of the testator's membership in clubs, associations, or online communities?
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