What legal standards are used to determine testamentary capacity?
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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?
- What are the challenges of implementing such inflation-adjusted bequests? Can a codicil be used to provide for the maintenance and upkeep of a family property or heirloom?
- What is the process for properly executing a codicil?
- Are there any legal limitations on the right to disinherit? How does a codicil address the issue of the testator's firearms or other regulated items?
- What are the legal and administrative requirements for establishing a private foundation?
- Is a separate disclaimer document always required, or can a codicil suffice? How does a codicil affect a will with a "no contest" clause (in terrorem clause)?
- 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?
- Are there any unique requirements for codicils in certain jurisdictions?
- 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 benefits and limitations of spendthrift trusts? How does a codicil interact with beneficiary designations in non-probate assets (e.g., life insurance, retirement accounts)?
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