When wills are being done in our law offices, we focus strictly on methods of distribution of whatever assets you own at the time of death (rather than using estate planning methods for tax reduction, for which you should consult an estate planning specialist).  No one can predict the future regarding whether one might end up, (at the time of death), with $5 million or $5 in net assets.

An example of a typical formula for distribution of assets by a husband and wife (married for the first time) with two children would be that each spouse leaves everything to the other spouse.  However, if both die (for example, in a common accident), all assets would be left to the children in equal shares, to be held in trust for such children until each reaches an age specified by you (we normally recommend age 21).  Until such age, the trustee(s) (named by you) can use the funds for the education, health and welfare of your children.