A codicil is a legal document that modifies an existing will. A codicil must be executed with the same formalities as a will and must be incorporated into the existing will either by physical attachment or by reference. A codicil that merely restates provisions of the will without adding any new provisions or making any … Read more

What Is a Transaction Deposit?

A transaction deposit is a bank account that is used to hold money that is available to be used for transactions. This type of account is typically used for checking accounts, savings accounts, and money market accounts. The money in a transaction deposit account is considered to be liquid, which means that it can be … Read more