A codicil is an amendment to a will and for that reason, may be considered a partial revocation of a will. Codicils may be executed shortly after the will is signed or many years later.
Because codicils in Palm City change one or more provisions in a will, they can cause a will to be contested by an interested party unhappy with the change. Many well-versed trust and estate lawyers may also consider creating a new will rather than adding a codicil to an older will.
Fla. Stat. §732.502 requires codicils in Palm City to be executed with the same legal requirements as a full will. This statute also lists the formalities for creating a valid will. These requirements include:
If the formalities regarding signatures and witnesses are followed, the law does not require special wording for a will or codicil to be valid.
A codicil originally referred to any short writing. Typically, codicils have been used to make simple changes to a will rather than whole revisions of major provisions.
However, just because a change is simple does not mean it is minor. For instance, codicils in Palm City are frequently used to change personal representatives or beneficiaries. This has a tremendous impact on the administration of an estate. If a will originally specifies that the oldest son will serve as personal representative of the estate, and then a codicil is found which names a paid caregiver as personal representative instead, suspicions of fraud may be raised. Therefore, it is not uncommon for a codicil to be challenged in court.
If an individual wishes to make substantial changes to a will, attorneys often advise creating a new will rather than creating codicils in Palm City. The creation of a new will generally revokes previous wills and codicils.
While a new will may be contested just as a codicil could be, it often gives a greater appearance of propriety and leaves less room for uncertainty. An attorney in Martin County can help determine whether it would be better to create a new will or a codicil.
A Palm City codicil may be revoked in the same way as a will. The person creating the codicil may physically revoke the document by destroying it, such as by burning it or tearing it up. Alternatively, a codicil may be revoked by the execution of a new will with inconsistent terms or a new will that expressly declares the revocation of the codicil. To discuss your options, call today.