Why (and when) could I utilize a codicil to my will?  By | May
13, 2008  At times, circumstances in our lives may change. This
can be due to a remarriage, birth, death, divorce, change of
address, change of executor or guardian, or other situations
where our present will may not cover everything that we now
believe it should, but for the most part, it is still factual.
We may have acquired additional assets or, in the alternative,
we have recently disposed of assets that are bequeathed
(assigned to a specific person) in our present will, or we wish
to distribute one specific part of our assets in a different
manner. It is under these conditions where it can be beneficial
to change one specific part of a will rather than rewrite an
entire will. It can also be far more cost-effective to draft a
codicil when only a specific portion of a will needs to be
altered.  However, it should be noted that a codicil should only
be utilized when a very small, minor change is occurring. If,
for instance, a remarriage, divorc