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The will would govern how your mom's estate is to be divided (once you put it through probate). However, your mom's stock account could bypass her estate. This can occur if your mom's stock account had a named beneficiary, survivorship provision, etc.
So, you would have to determine if the stock account has a POD or survivorship provision....if so, that account would bypass the estate and go straight to the named beneficiary.
Even if the will outlines how the account is to be divided between the heirs, if the account was payable on death to a certain person, the terms of the stock account would control....and would bypass the will.