Types of legacy
The main ways you can leave
a gift in your Will are:
- A share or percentage of your whole estate. This type of gift in
your Will means that however much your financial circumstances change,
the proportion of your estate each person receives will stay the same.
Usually it shown as a percentage of what is left of your estate -
once all the expenses, debts and specific gifts have been taken out.
This is the best possible gift you can leave to Wellspring.
- Fixed amounts of money.
bequests - such as a house or land or personal possessions
such as a painting or jewellery.
– these are gifts, which are dependent on a certain event happening
at a fixed or uncertain date. 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).
Your solicitor will need
the following details in order to set up any legacy from your will.
13 Smith's Place
Scottish Charity No:12522
for your will
The following words are
considered quite normal for this type of gift:
‘I bequeath to Wellspring,
13 Smith's Place, Edinburgh, EH6 8NT, Scottish Charity No:12522 the
sum of £_________ (for a pecuniary bequest), or: the residue
of my estate (for a residuary bequest) to be used by Wellspring at