#082: Is A Codicil A Good Way To Change Your Will?
Big Picture Retirement®
Devin Carroll
4.7 • 546 Ratings
🗓️ 23 July 2018
⏱️ 18 minutes
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Summary
Is there any value in doing your codicil in blood?
A codicil is an amendment to a will. They can be used when there is a smaller change and it seems easier than doing a whole new will.
Is there a time and place for a codicil? Yes, if no one is going to be mad and challenge the change that you've made.If you're changing beneficiaries, or executors, and they're going to be upset, you need to do a whole new will.
For more information, visit the show notes at http://bigpictureretirement.net/082
Transcript
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| 0:00.0 | The Big Picture Retirement Show does not provide specific tax, legal, or financial advice. |
| 0:05.1 | Listeners are encouraged to seek out their own advisors in these areas. |
| 0:12.9 | Hello everyone and welcome to the Big Picture Retirement Show, |
| 0:16.5 | where we deliver insight on what you need to know for a meaningful and successful retirement. If you are |
| 0:22.4 | planning for or living in retirement, this is the show for you. I'm Devin, John Ross. My lovely co-host |
| 0:30.2 | is with me again today. Here I am. Howdy. There, I was, I was missing the howdy for me. You |
| 0:35.7 | were afraid I wasn't going to do that. I was. Yeah, that's a, |
| 0:37.9 | that's a trademark of the show at this point. It has become a trademark. In fact, as we were |
| 0:41.8 | sitting here recording, I got an email and it says, John, comma, howdy. You got to like that when |
| 0:50.7 | people start doing that. In fact, I saw one of our iTunes reviews that came through |
| 0:55.2 | where someone started the review by saying, howdy. So, all right, John. All right, Devin, I'm going to |
| 1:03.8 | give you a fact scenario. Okay. This is real. Okay. A fact scenario. And I want you to tell me |
| 1:09.2 | what the person did wrong. |
| 1:11.6 | All right. |
| 1:12.1 | Okay. |
| 1:12.5 | I'm getting. |
| 1:13.0 | So, uh, Warren here, Warren Bradway. |
| 1:15.6 | Gotcha. |
| 1:16.3 | He was in a domestic partnership. |
| 1:18.3 | Okay. |
| 1:18.5 | Uh, with a guy named Mark. |
| 1:20.3 | Okay. |
... |
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