Codicil

What is the difference between a codicil and creating a new will?

A codicil allows you to make specific changes to an existing will without rewriting the entire document, while creating a new will replaces your previous will entirely. Codicils work well for minor updates like changing beneficiaries or adding assets, whereas a new will may be better for major changes to your estate plan. Both options require the same legal formalities as the original will, including proper witnessing and signing requirements.