Maryland Estate Planning Lawyer: Does a Maryland Will Dispose of All Assets?

No. A Will addresses only asserts that will pass through Maryland probate. These include assets that belong to you only and are not shared with another person. If property is owned jointly with another individual than that property may not be considered probate property.

For example, if your house is titled as “joint owners with right of survivorship” then his property would not be subject to probate and would become the property of the other joint owner. Also, property owned by you and your spouse as “tenants by the entirety” will immediately become the sole property of the surviving spouse when the other spouse dies. If you have interest in property that you own with someone as “tenants in common” then this will be considered probate property and thus this property will be distributed per your will.

For a free, confidential conversation to discuss these and other estate planning matters, contact Maryland estate planning attorney Stephen J. Reichert at 410-299-4959, sreichert@reichertlegal.com or by clicking here. Office or home meetings are provided at your convenience throughout most of Maryland.

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