Template Description

This revocation template is MS Word document categorized under Wills and Estate Planning. It is designed for individuals who wish to formally revoke all previously made wills, codicils, and testamentary dispositions. By executing this revocation deed, the testator ensures that prior wills and codicils become legally invalid. The intended audience includes individuals updating their estate plans, legal professionals, and estate planners.

Understanding the Revocation of Will and Codicil

Key Terminologies:

• Revocation: The legal act of cancelling or making a previous will and codicil legally ineffective.
• Testator: The individual who originally created the will and is now revoking it.
• Codicil: A supplemental document that modifies or adds to an existing will.

Key Provisions in the Template:

Declaration of Revocation:

• Explicitly states that all previous wills, codicils, and testamentary dispositions are revoked and cancelled.

Legal Effect:

• Ensures that prior wills and codicils hold no legal authority moving forward.

Witness Attestation:

• Requires the testator’s signature in the presence of two witnesses to confirm the validity of the revocation.

Key Considerations:

• Clearly mention the revocation of all wills and codicils to avoid any ambiguity.
• Ensure that the revocation document is signed in the presence of two witnesses for legal validity.
• If a new will is to be created, it should explicitly reference this revocation to avoid conflicts.
• Consult a legal professional to ensure compliance with local inheritance laws.

Conclusion

This template provides a legally sound method for individuals to revoke any previously executed wills and codicils, ensuring that outdated estate plans are nullified. It is a crucial step for those who wish to draft a new will or modify their estate planning decisions without legal complications.