[MD] If my wife and I were to both die in an accident at the same time, I want my three children to be equal beneficiaries of my existing will. How do I add that?
My will names my wife as the beneficiary and has my three adult children at the top. If my wife and I were to both die in an accident at the same time, I want my three children to be equal beneficiaries. How do I add that?
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You have two options to add your children to your existing will:
-
Execute a whole new will to replace the current one.
-
Execute a codicil, which is a legal amendment to your existing will.
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Good morning. My will names my wife as the beneficiary and has my three adult children at the top.
If my wife and I were to both die in an accident at the same time, I want my three children to be equal beneficiaries. How do I add that?
Lexi, Chatbot
Thank you for sharing your situation. Have you already discussed this scenario with your wife and children?
Yes.
Lexi, Chatbot
Have you considered setting up a trust to specify how your assets should be distributed in the event of both you and your wife passing away simultaneously?
No. I am fine just adding it to the will.
Lexi, Chatbot
Is there anything else the lawyer should know before I connect you? Rest assured they'll be able to help with updating your will.
No.
Jessica B
Thank you for choosing AskaLawyer! My name is Jessica and I’m a licensed attorney here to assist you.
Does the will have your children listed as contingent beneficiaries in the event your wife dies?
No.
Jessica B
You have two options to add your children to your existing will:
-
Execute a whole new will to replace the current one.
-
Execute a codicil, which is a legal amendment to your existing will.
If we write an addendum stating the kids as contingent beneficiaries, is that sufficient?
Jessica B
No, an informal addendum isn’t legally binding.
You need a formal codicil or new will.
What state are you a permanent resident of?
Maryland.
Thanks.
Jessica B
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