BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Detailed explanation-1: -A codicil is an instruction that is added to a will after the main part of it has been written.
Detailed explanation-2: -A Codicil can be created by drafting the details she wants to include and the amendments she wants to do in the original Will, in a separate paper and sign it in presence of two witnesses who also sign the document.
Detailed explanation-3: -Codicils are generally used to make minor changes to wills. This can include updating the name of a beneficiary due to marriage or divorce, adding specific requests, or changing your personal representative.
Detailed explanation-4: -A codicil is an instrument made in relation to a Will, explaining, altering or adding to its dispositions and is deemed to be a part of the Will. A codicil has to be executed and attested like a Will. A codicil is similar to a Will and is governed by the same rules as a Will.