What types of will are there?
The different types of wills and will trusts
Wills, Trusts and tax planning
Most wills deal with the distribution of assets. But wills can be used to create trusts after death, deal with guardianship of children, or other issues. A single will just deals with the assets of the will maker. Couples often opt for mirror wills which are a will each, in the same terms, leaving everything to each other then, often, children.
Living wills are not the same as normal wills which deal with property. A living will deals with medical treatment that you may want or not want. It does not have the same status as a property will and may not bind your treating doctors.