Will and Codicil Difference?

Will and Codicil Difference?

What is the Difference Between a Will and a Codicil? A last will and testament, often simply referred to as a “will,” is a legal document that outlines the distribution details of one's possessions, including investments and other interests, upon their death. A codicil is used to update and amend a will.

Does a codicil override a will?

A codicil is a legal document that is used to make specific changes to a last will and testament. Codicils should be used for minor changes. But if they are unclear, they could invalidate the entire will. Anything beyond the correction of a name or other small changes is likely better served by creating a new will.

Should I do a codicil or a new will?

To determine if a client should use one, Randall uses this simple litmus test: “If the testator is just making one or two simple changes, then a codicil is the best way to go,” she says. “But if they're going to be making six, seven, eight changes, […] they might as well just get a brand new will.

David Miller
Author

David Miller

David Miller brings 15 years of experience in global economics, personal finance strategy, and market dynamics. He specializes in turning complex economic trends into actionable insights for everyday readers.