I want to make changes to my existing Will?

I want to make changes to my existing Will . . . Is a codicil my best option?

If you plan on making changes to your Will it would be best to make an entirely new Will. A codicil is simply a piece of paper setting out the one specific change. It would be very easy for a Codicil to be misplaced or lost . . . then your wishes would never be known. Making an entirely new Will keeps all your wishes together in a neat and simple format for your Estate Trustee.

For more information contact us at 905.337.3307

Related Posts

Law
SLF Web

Introduction to Powers of Attorney

3 Minute Read NOTE: This article uses the term “attorney” in reference to an attorney under a Power of Attorney or substitute decision-making document, and should not be confused as referring to a lawyer. A Power of Attorney is a legal document that lets you (the ‘grantor’) appoint someone (the ‘attorney’) to make personal care

Read More »
Law
SLF Web

Types of Wills

5 Minute Read A Will is a legal document that outlines how you would like your assets distributed after death. The “testator” refers to the individual creating the Will. A Will is important to have because it: There are several variations of the basic Will. Let’s discuss. MULTIPLE WILLS Creating more than one Will has

Read More »
Law
SLF Web

Duties of an Estate Trustee

2 Minute Read The role of the estate trustee is vital to the proper administration of an estate! The estate trustee ensures that the deceased’s wishes are fulfilled in winding up their estate. In today’s article, we briefly overview the duties of an estate trustee. The purpose of an estate trustee is to realize estate

Read More »
Law
SLF Web

What is an Application to Pass Accounts?

2 Minute Read All fiduciaries (estate trustees, attorneys under powers of attorney, guardians, and trustees of a trust) are legally obligated to keep accurate records and accounts of their management of assets. Sometimes, a fiduciary will be required to bring an application to pass their accounts to Court: in this article, we discuss the nature

Read More »
Law
SLF Web

Types of Trusts

5 Minute Read Trusts can be very powerful estate planning tools. They are, however, incredibly complicated. In this article, we briefly introduce different types of trusts and their purposes. Generally, a trust is a legal arrangement to allow individuals (settlor or grantor) to transfer assets to a trustee to hold and manage for the ultimate

Read More »
Law
SLF Web

Introduction to Trusts

3 Minute Read Trusts can be very powerful financial planning tools. They can, however, become complicated. In this article, we briefly introduce the concept of a Trust. A trust is a legal arrangement that allows individuals (settlor or grantor) to transfer assets to a trustee to hold and manage for the ultimate benefit of a

Read More »
Scroll to Top