Akash & Shivani have two children aged 8 and 4. They want to make sure that their children are well taken care of in the event of their untimely death. They want to determine the value of their estate. They have a home that is worth Rs 50,00,000 on which they owe Rs 25,00,000. They have Rs 250000 worth of jewellery, and two cars valued at a total of Rs 20,00,000. They do not hold any retirement accounts but have Rs 25,00,000 in bonds earning 4% return annually. They also have Rs 2,50,000 in their joint current account. Akash has a student loan with an outstanding balance of Rs 3,00,000. They do not have any life insurance or a will.

1) Determine Akash and Shivanis net worth today

2) What will happen to their children if they die without will? What all features they should include in a will if they want to go for one?