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What is a codicil?

Video Transcription: A codicil is an amendment to a will, not a complete redrafting of a will, and it usually attaches to a current will. A codicil is usually used to change a personal representative or a minor distribution. In must be signed in the same formalities...

What is a durable power of attorney?

Video Transcription: A durable power of attorney is a power of attorney that lasts beyond your incapacity. What that means is that if you become incapacitated due to an injury, illness or stroke, then your agent can continue to act on your behalf after you’ve...

What is a fiduciary?

Video Transcription: A fiduciary refers to the individual who is acting on behalf of another in financial, legal or even medical decisions. A fiduciary can be an agent under a power of attorney, a trustee or a healthcare surrogate and in some cases a joint owner on a...