Leaving a Legacy.
Leaving a donation in your Will will help the Foundation in it's
mission to support research into liver disease. Please consider
making a donation in this way.
A gift of the remainder of the estate after all other bequests have been made and debts cleared is called a residuary bequest.
Pecuniary bequest:
A gift of a fixed sum of money in your Will is called a pecuniary bequest. The value of pecuniary legacies will decrease over time, as the cost of living increases.
Specific bequest:
A particular named item left as a gift in your Will is known as a specific bequest - for example, a piece of jewellery.
Contingent bequest:
A gift in your Will that depends upon the occurrence of an event which may or may not happen is known legally as a contingent bequest. An example is a bequest to a charity which applies only if other beneficiaries named in the Will die before the testator (person who made the Will).
Types of legacy.
Residuary bequest:A gift of the remainder of the estate after all other bequests have been made and debts cleared is called a residuary bequest.
Pecuniary bequest:
A gift of a fixed sum of money in your Will is called a pecuniary bequest. The value of pecuniary legacies will decrease over time, as the cost of living increases.
Specific bequest:
A particular named item left as a gift in your Will is known as a specific bequest - for example, a piece of jewellery.
Contingent bequest:
A gift in your Will that depends upon the occurrence of an event which may or may not happen is known legally as a contingent bequest. An example is a bequest to a charity which applies only if other beneficiaries named in the Will die before the testator (person who made the Will).