We both have wills in place. They are set up pretty much the same – except I did designate certain things from my first marriage to my daughter, since my ex is her biological father, we felt that was the way to go with those items. We have trusts set up for both children, which we contribute to, quarterly. The money stays in place until they are 25, unless it is being used to pay for college. Otherwise, it’s there until they turn 25. Everything else, goes to my husband. If were to die, together, the estate is to be divided equally between the two children. If they are still minors, my mother is the trustee. If she has passed away, a family friend becomes the trustee and will need to follow the plan that we have in place.