The Law Offices of Scott Alan Morrison, P.A.
Please Call For An Appointment

Updating a will may not address all estate assets in Maryland

Many Maryland residents take proactive steps to ensure that their estate plans stay up to date. However, some individuals may think that updating a will is the equivalent of updating all related documents, and that notion is simply not the case. Though updating a will to reflect desired changes is important, if individuals also want changes made to beneficiaries, those may need to be addressed separately.

Because a will does not address all estate assets, individuals may be surprised to learn that some information may remain unchanged although a new draft of a will has been executed. For instance, certain assets, such as IRAs, pensions, life insurance payouts and other similar accounts, will pass on to the designated beneficiaries of those accounts. Therefore, if an individual does not update the beneficiary and trust documents along with the will, issues could arise.

Of course, there are certain accounts and assets that may be addressed in a will. Bank accounts, vehicles, real estate and other assets that are individually titled may pass through a will. As a result, the allocation of these items will be updated if changes to a will are made. Nonetheless, periodically checking all estate planning documents could prove useful.

If Maryland residents would like to learn more about which assets may be covered by a will and which assets may not, they may want to consider discussing their specific situations with experienced estate planning attorneys. By gaining personalized insight, individuals may be able to determine which documents and plans may work best for their circumstances. Additionally, they may be able to find out more on keeping their plans as current as possible.

Source: Forbes, "A Will Does Not Allocate All Of Your Estate Assets", Michael Helveston, May 6, 2016

No Comments

Leave a comment
Comment Information
  • Best Of The Best The Frederick News Post
  • Bar Association Of Frederick County, Maryland
  • NAELA National Academy Of Elder Law Attorneys, Inc.
  • Maryland State Bar Association Inc.
  • Washington County Bar Association , DC Bar
  • Law Offices of Scott Alan Morrison is a BBB Accredited Lawyer in Frederick, MD
Form Submit Button

Schedule Your Free Consultation Today

For more information and a free consultation with a Maryland estate planning attorney, call us at 301-694-6262 or fill out the form below. We provide clients with the estate services they need.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

We have offices in Frederick and Maryland, to serve you.

Evening, weekend and off-site appointments are available upon request. Free parking is available at our Frederick office.

Our office will follow the same closing & delays as Frederick County Public Schools for both offices due to inclement weather.

The Law Offices of Scott Alan Morrison, P.A.
141 W Patrick Street
Suite 300
Frederick, MD 21701

Toll Free: 866-220-5185
Phone: 301-694-6262
Fax: 301-668-8884
Map & Directions
Frederick Law Office Map

Contact This Office Contact This Office