Grand Junction Estate Planning Lawyer
A codicil is an amendment or modification of your Will. Among other things it can be used to effect a change of beneficiary, appoint a different Personal Representative and make changes to conform to modifications in the tax code. To insure that a Codicil is valid, it needs to be executed with the same formality as your Will.
When to Use or Not Use a Codicil
A Codicil should be used only for simple changes. Attempting to make major changes may create confusion or contradictions between the original Will and the Codicil. If major changes are required, it is wise and cost effective in the long run to execute a new Will. Otherwise, you run the risk of creating a family feud that can lead to costly litigation. Finally, keep in mind that your Will and Codicil should be integrated with your overall estate plan and objectives.
Estate Planning Attorney in Grand Junction
Since 1993, the Law Offices of James A. Littlepage , a Grand Junction Estate Planning firm, has been helping clients by preparing clear and concise Codicils that will facilitate the handling of their estates. Mr. Littlepage has prepared over 2,000 estate plans and recently was recognized with a 2015 and 2016 Five Star Estate Planning Attorney℠ award. In 2014, 2013, 2012, 2011 and 2010 he received the Five Star Wealth Manager℠ award, as seen in 5280 and ColoradoBiz magazines. For assistance in preparing your Will or Codicil, please contact our Grand Junction office for a complimentary 30 minute consultation for estate planning and probate.
Contact a Grand Junction Estate Planning Lawyer at the firm for professional preparation of your Codicil.