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Alterations to a Will
You can make minor
alterations to your Will without the necessity of drafting a new Will
by using a document called a codicil. A codicil confirms a previous
Will document but makes a few changes. If a small number of changes
are required it is a simpler alternative to re-writing the entire Will.
By using a codicil any of the details in a Will can be changed. Gifts
can be revoked and new gifts can be added.
A few things to note about codicils:
- A codicil refers
to a previous Will document. It details some changes to the Will but
confirms the things that it does not change.
- If extensive changes are required to a Will do not use a codicil, make
a new Will.
- The codicil identifies the Will it amends by referring to the date
on which the original Will was written.
- A codicil must be signed in the same manner as the original Will with
the same number of witnesses - two in England and Wales, typically one
in Scotland.
- A codicil should be kept with but not attached to the original Will
it changes. This ensures the codicil is not overlooked.
You should update
your Will in each of the following circumstances:
- Divorce/dissolution of civil partnership
- Separation
- Death of a person named in your Will
- As your assets change (in particular if you have made specific legacies)
- Change in family circumstances.
It is a good idea to review and, if necessary, update your will every
couple of years to ensure it is still relevant.
Next:
Inheritance tax
Related Clickdocs documents
- Codicils
- A range of Codicils including Codicil to an existing Will appointing a substitute executor
- Legal Wills - a range of standard Wills for use in England, Wales and Scotland
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