What are the potential advantages and complexities of creating such hybrid trusts?
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what is a codicil Informational
- Does a valid codicil ever have the effect of validating a previously invalid will? Can a codicil be used to appoint different executors for different parts of the estate?
- Are there limitations on the enforceability of pet care provisions in a will or codicil? How does a codicil relate to the concept of testamentary freedom?
- What are the procedures for dealing with unclaimed property? Can a codicil be used to create an endowment fund for a specific purpose (e.g., a scholarship, a research project)?
- Do the witnesses of a codicil need to be the same as the witnesses of the original will?
- What is the process for properly executing a codicil?
- If a specifically bequeathed item is sold before death, does a codicil need to address this?
- Can a codicil authorize the executor or trustee to hire investment advisors?
- Can a codicil provide specific instructions regarding the payment of debts, taxes, and administrative fees?
- What are the ethical considerations in establishing such restrictive provisions? Can a codicil be used to express the testator's wishes regarding their social media accounts after death (e.g., memorialization, deletion)?
- While not always legally binding, can such instructions provide guidance?
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