Will would typically cover the following elements:
Details of the Testator (person making the Will)
Details of the Executors (person or persons ensuring that the deceased's estate is properly wound up and their wishes in their Will are carried out)
Details of Trustees (persons appointed to manage ongoing Trust assets and Trusts which arise from the Will – these can be same as Executors)
Appointment of Guardian or Guardians for minor children as applicable
Organ donation and funeral arrangement wishes
Pet Provisions as applicable
Debt Relief to any persons that Testator wish to relieve from outstanding debts (if any)
Gifts and Beneficiaries - for assets that are not held in Trust
Gifts of Money (sum of money)
Specific Gifts (jewelry, painting, watch, car etc)
Personal chattels and beneficiaries
Trust arrangements within the Will as applicable
Property Protection Trust – provision for someone to use property for certain period and or conditions being met, after which the property passes onto children or ultimate beneficiaries.
Flexible Life Interest Trust – provision for someone to use property and other assets for certain period and or conditions being met, after which the property and other assets passes onto children or ultimate beneficiaries.
Discretionary Trust - provision to settle property and other assets onto a Trust for benefit of specified list of beneficiaries or class of beneficiaries.
Exclusions – deliberate exclusion of anyone who may have a claim on Testator’s estate to establish that the omission was not a mistake.
Business interests – sole trading or partnerships that may be continued by beneficiaries.
Residuary estate (remainder of the assets – can be majority of the estate)
Distribution of residuary estate and beneficiaries (specified list or class of beneficiaries).
Trustee powers – best practice standard provisions from The Society of Trust and Estate Practitioners are included in the Will.