The Digital Twin is one of the big technology trends of the last decade. In the course of its rapid expansion into the various fields of application, many different definitions emerged, tailored to the respective applications. Taxonomies can cluster the diversity and define application-specific archetypes. This paper presents a characterization of the Digital Twin in the context of structural mechanics and lightweight design. It begins by exploring various definitions of the Digital Twin concept and its application in different industries. The paper further analyzes the product life cycle of structures, dividing it into the design and operational phases and identifying the requirements for a Digital Twin in each phase. The structural design process is examined, including the definition of a structure and the stages of the product development process. Additionally, the paper discusses the operational phase of structures, highlighting the need for continuous monitoring, evaluation, and adaptation through Structural Health Monitoring (SHM) systems. The paper proposes two archetypes of Digital Twins for structures: a structure-designing Digital Twin for the design phase and a structure-monitoring Digital Twin for the operational phase. The findings provide a framework for implementing Digital Twins in structural mechanics, enabling digital design and monitoring of structures for improved performance and maintenance strategies.