Types of Legacy
The remainder of your estate after considering your loved ones. This is a great way to help us through your Will. This means that you can provide for your dependents and debts and any cash legacies first and then leave us whatever is left, or a percentage or fraction of whatever is left. This type of legacy is inflation proof and it means that you won’t have to alter your Will to account for inflation, as you may if you designate a specific sum of money as a legacy.
PERCENTAGE OR FRACTIONAL:
A gift expressed as a percentage or fraction of your estate.
PECUNIARY OR SPECIFIC:
A specified gift which can be money, property or stocks and shares.
This comprises your entire estate and is usually left by those without beneficiaries or those wanting to achieve something very significant.