When is an ancillary probate proceeding necessary?
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what is a codicil Informational
- 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?
- Can a codicil be used to optimize the tax implications of a will?
- Can a codicil grant specific powers to the executor regarding real property?
- Can a codicil provide specific instructions regarding the payment of debts, taxes, and administrative fees?
- What are the potential risks of creating a codicil without legal advice? How does a codicil relate to estate planning?
- What specific language should be used in a codicil to effectively forgive a debt?
- What are the risks of storing a codicil separately from the will? Does creating a codicil invalidate the original will?
- What precautions should be taken to ensure the validity of a codicil signed by someone with health issues? Can a codicil be used to provide for the creation of a work of art or a creative project after the testator's death?
- What are some examples of life events that might necessitate a codicil? Does marriage or divorce affect the validity of a codicil?
- If a codicil is invalid, does the original will still govern the distribution of assets?
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