What is a codicil?

Prepare for the Florida Title Insurance Exam. Use flashcards and multiple choice questions with hints and explanations. Get ready to pass your exam!

A codicil is best defined as an amendment or revision to a will. It serves as a way for an individual to make changes to their existing will without having to create a completely new document. This can include adding, altering, or revoking specific provisions or details within the original will. The use of a codicil is particularly useful when changes are minor or when the testator wishes to maintain the originality and intent of their previously executed will while still making necessary updates.

In practical terms, for a codicil to be valid, it typically must be executed with the same formalities required for a will, including being signed and witnessed as mandated by state law. This ensures that the intention of the testator is clear and legally binding.

The other options, while related to legal documents, do not accurately describe what a codicil is. An entirely new will would require the complete termination of the previous document and the creation of a new set of terms and provisions, which is not the purpose of a codicil. A type of trust refers to a different legal arrangement altogether, which often involves the management of assets by a trustee for the benefit of beneficiaries. A legal guardianship document pertains to the appointment of a person to care for

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