When should estate planning documents be reviewed and updated? How can technology be used in the process of creating and storing codicils?
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what is a codicil Informational
- What are the benefits and complexities of FLPs?
- What are the disadvantages of using a codicil for substantial changes? How does a codicil affect the distribution of assets outlined in the original will?
- What specific language should be used in a codicil to effectively forgive a debt?
- Will a codicil executed in one state or country be valid in another?
- What happens if there are inconsistencies between multiple codicils? If a will is invalid, is a codicil to that will also invalid?
- What steps should be taken regarding a codicil after marriage or divorce? Does the birth or adoption of a child necessitate a review of a codicil?
- How can a codicil effectively incorporate a pet trust? How does a codicil address the issue of costs and expenses related to the administration of the estate?
- Is a will or a separate guardianship/conservatorship proceeding the primary way to establish such appointments?
- What are the potential challenges of having co-executors? How does a codicil address the issue of ademption (where a specific gift no longer exists)?
- What are the legal considerations when transferring intellectual property through a will or codicil? Can a codicil be used to provide for the care of animals beyond the life of a specific caregiver named in the original will?
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