Types of gift you can leave in your Will

Types of gift you can leave in your Will 

There are three main types of gift that people include in their Will. It is up to the person making their Will to decide which is most appropriate for them. Your solicitor can help guide you through these, but here is a summary of the three and what they mean:

Residuary  A residuary gift is leaving all, or a share, of what is left of your estate, after any specific or pecuniary legacies have been made. It can be made to one or more beneficiaries. A residuary gift is an extremely effective way to help a charity such as Dementia Forward and it is much more inflation-proof than other types of gift.

To download the suggested wording for a residuary gift to Dementia Forward, please click here

Pecuniary  A pecuniary legacy is  a set sum of money not a set percentage of the value of your estate.

To download the suggested wording for a pecuniary gift to Dementia Forward, please click here

Specific  A specific legacy is an item you leave to a named person or charity. It could be anything from a house to an item of jewellery, a painting or some furniture.

To download the suggested wording for a specific gift to Dementia Forward, please click here

It is important that you keep your will up to date – click here for further information.