Probate Solicitors Limited - Wills & Codicils
Updating your Will
What is a codicil?
A codicil is a written document that can be used to make minor amendments to your Will. Such amendments may include:
- Adding new legacies/gifts or altering existing legacies/gifts
- Changing or adding an executor
- Changing or adding guardians
- Creating or removing a trust
The codicil must be signed and witnessed in the same way as the Will and must be kept with it.3…4
Is a codicil always used to amend a Will?
If you have several amendments that you’d like to make to your Will or if the amendments are anything other than the simple ones listed above it may be advisable or, in some circumstances, necessary to re-write the Will. There is always a danger that a codicil can be lost or overlooked so it is generally recommended that a new Will is made in most circumstances.
In some cases, if we prepared your existing Will then we may prepare a new Will for you for the price of a codicil depending how extensive the changes are.
How often should I amend my Will?
There is no set time for amending your Will; however, we would recommend that you check your Will is up-to-date on a regular basis at least every five years. It is always advisable to check your Will is up-to-date when any of the following major events happen:
- Changes in Inheritance Tax rules
- Marriage/civil partnership of yourself or a child
- Births in the family
- Deaths in the family
If you would like to update your Will please contact us on 01564 758055