Types of gift

The two main types of gifts in wills are Legacy Gifts and Residuary Gifts.

A legacy (also known as “Pecuniary Legacy” or “Specific Gift”) is a gift of a particular sum of money or asset.  For example, you may wish to gift an amount of money to someone, or provide a gift of an heirloom or sentimental object (such as a wedding ring).  You can set these out in the “Specific Gifts” section of our questionnaire.

A "residuary gift" is a gift of a share of everything that you own minus any Legacies that you have given.

You can leave a single Residuary Gift or you can share your estate in equal or unequal shares between more than one beneficiary.