What is a codicil in relation to a will?

Prepare for the Wyoming Real Estate Test. Study with our flashcards and multiple choice questions, each featuring hints and full explanations. Ace your real estate exam!

A codicil is indeed an addition or supplement to a will. It allows the testator to make modifications, clarify, or add new provisions without having to create an entirely new will. This can be particularly useful if the changes are minor or if the testator wants to maintain the original structure of the existing will while making specific adjustments or updates.

For instance, if someone wishes to change a beneficiary or adjust the specifics of their estate distribution, they can do so through a codicil. The codicil must be executed with the same formalities as a will, which usually includes being signed and witnessed according to state laws.

This mechanism offers a way to update a will while preserving the remaining terms that are still applicable, making it a convenient choice for individuals who need to make small changes over time.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy