What is a codicil?
A codicil is a legal document used to modify a will after it has been created. It is often used to make small changes to a will without having to recreate the entire document. In Michigan, a codicil must meet the same legal requirements as a will. That means it must be signed by the person making the changes, or the testator, in the presence of at least two witnesses who will also sign the document. The codicil must clearly explain what changes are made to the will. Once the codicil is complete, the testator should keep it with their original will. This will ensure that the codicil is part of the original will and will be taken into consideration when the will is read after the testator passes away.
Related FAQs
What is the law of descent and distribution?What is a surviving spouse’s right of election?
How does a trust work to protect assets for future generations?
What is an executor’s deed?
What are the applicable statutes of limitations for contesting a will?
What are the options for distributing trust assets after the death of a beneficiary?
What are the taxation implications of a trust?
What is a perpetual trust?
What is an estate freeze?
What is a durable power of attorney?
Related Blog Posts
Understanding the Basics of Inheritance Laws: A Guide to Successfully Navigating State and Federal Statutes - July 31, 2023How to Ensure Your Estate Plan Reflects Your Wishes Through Inheritance Laws - August 7, 2023
Protect Your Rights as a Beneficiary: Understanding Your Legal Rights After Beneficiary Inheritance - August 14, 2023
Comprehending the Duties and Responsibilities of Executors of Estates: How to Properly Administer an Estate and Fulfill Inheritance Law Requirements - August 21, 2023
Maximizing the Benefits of Inheritance Law for Family Heirs of Estates - August 28, 2023