Here at Young Bristol, we understand that your Will is one of the most important documents you’ll ever write. After your loved ones have been provided for we hope that you may consider finding a place in your Will for Young Bristol, your local charity.
We recommend you use a solicitor or a member of the Institute of Professional Willwriters to help you write a Will.
There are three types of gift you can leave in your Will:
A RESIDUARY GIFT
This is a share of your total estate (everything you own that is of value) after all other payments (such as lifetime debts, tax and administrative expense) have been deducted. Because a residuary legacy is a percentage of your estate, it will keep its value over time.
A Pecuniary Gift
A Pecuniary Gift is a fixed amount of money that you leave in your Will. It is a good idea to review pecuniary gifts regularly, as their face value can be lessened by inflation and turn out to be less powerful than you intend.
A Specific Gift
A Specific Gift is when you leave a particular item of value – such as personal possessions, property or shares.
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