Codicil

Published: | Updated: October 23, 2017

Definition - What does Codicil mean?

A codicil is a document written to make changes to a will.

Insuranceopedia explains Codicil

A codicil is not meant to make major changes to the will, only to modify the provision. This can include changing the name of the beneficiary after they changed it following a life event, such as marriage or divorce. The testator can write one codicil after another throughout their lifetime, as long as they are mentally competent at the time of writing.

If the testator wants to make major revisions, such as deleting a beneficiary, it is advised that they draft a new will instead. This will avoid any misunderstandings and misinterpretations by the probate court tat will be tasked with making decisions concerning it.


How Well Do You Know Your Life Insurance?

The more you know about life insurance, the better prepared you are to find the best coverage for you.

Whether you're just starting to look into life insurance coverage or you've carried a policy for years, there's always something to learn.

Share this: