When it comes to matters of estate planning, the last will and testament holds significant weight in ensuring one’s final wishes are carried out. However, what happens when changes need to be made or additional provisions must be added? Enter the addendum to a will – a legal document that serves as a supplementary guide to the original will, offering flexibility and clarity in the distribution of assets. In this article, we will explore the purpose of addendums to wills, the proper procedures for making amendments, and the importance of seeking professional advice in navigating this delicate process.
Understanding the Purpose of an Addendum
When it comes to estate planning, is crucial. An addendum, also known as a codicil, is a legal document that is used to make changes or additions to an existing will. It serves as a way to update and modify a will without having to create an entirely new document.
There are various reasons why someone may need to create an addendum to their will. Some common purposes include:
- Adding new beneficiaries
- Removing beneficiaries
- Updating specific bequests
- Changing executors or guardians
