What are the potential legal challenges to such bequests? How does a codicil address the potential need for a professional guardian or conservator for minor children if both parents die?
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what is a codicil Informational
- Can a codicil amend the terms of the trust itself?
- Are there any tax advantages to making such charitable bequests? How does a codicil address the potential for changes in the testator's family circumstances that occur after the will is signed but before death (e.g., marriage, divorce, birth of children)?
- 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?
- While not directly affecting the distribution of assets, can such expressions have personal significance?
- What are the best practices for clearly identifying tangible personal property in a will or codicil? Can a codicil be used to address the disposition of pets?
- Can a codicil clarify whether lifetime gifts should be considered advancements that reduce the beneficiary's inheritance?
- 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 are the key provisions that should be included in a testamentary trust for minors?
- Can a codicil authorize the executor or trustee to hire investment advisors?
- 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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