What is the difference between a will and a codicil?

A will and a codicil are both legal documents used in estate planning in Georgia, and while they are used for similar purposes, they are two distinct documents. A will is a legal document that individuals create to specify how they want their estate to be handled upon their death. It outlines who will receive the assets, property, and items the individual owned, and how much of that each person will receive. Additionally, a will can name an executor, who is the person responsible for distributing the estate following the individual’s death. A codicil is an amendment to a will. It is used to make changes to an existing will without having to create an entirely new will. It may be used to revoke a specific part of the existing will, or add new provisions to the will, such as adding beneficiaries or changing how much of the estate should go to each beneficiary. A codicil should be signed in the same way as a will in order to be legally valid. It is important to confirm that all of the changes outlined in a codicil are legal and do not violate any provisions of the existing will. As long as all of the requirements are met, a codicil can be a much simpler way to make changes to a will than having to start from scratch.

Related FAQs

What happens if I die without a will?
Can I change the beneficiaries of my will after I die?
How do I contest a will?
What are the legal requirements for making a will in my state?
What is the value of an estate?
Can I make changes to a trust after I die?
Can a will be challenged if it was executed under duress?
What is a pour-over trust?
How can I avoid probate on my estate?
How can I find a good lawyer to help with my will and probate matters?

Related Blog Posts

Understanding Wills and Probate Law: The Basics - July 31, 2023
The Benefits of Establishing a Will: An Overview - August 7, 2023
Creating a Trust to Maximize Estate Planning Benefits - August 14, 2023
How Executors Handle Probate: A Step-by-Step Guide - August 21, 2023
The Difference between Wills and Living Trusts - August 28, 2023