NISM Certifications · NISM-Series-X-B: Investment Adviser (Level 2) · Tools for Estate Planning
Which of the following is true about a codicil to a will?
A codicil is a supplementary document that explains, alters or adds to an existing will and becomes part of it. It must be executed with the same formalities as a will, including the testator's signature and two attesting witnesses.
- AIt is a separate document that adds to, alters or explains an existing will and must be executed with the same formalities as a willCorrect
- BIt cancels the earlier will completely
- CIt need not be signed or witnessed
- DIt can only be made after the testator's death
Explanation
A codicil is an instrument made in relation to a will that explains, alters or adds to it, and it forms part of the will. It must be executed with the same formalities, including signature and attestation by two witnesses. It is made by the testator during life, and it does not by itself revoke the will entirely.
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