Types of Legacy Gifts
There are a number of different ways of leaving a gift in your will to Trinity. The main ways are:
Pecuniary legacy – a bequest of a specified sum
A gift of a fixed sum of money, however the value of pecuniary legacies will decrease over time due to rises in inflation and would therefore need to be reviewed or linked to the Retail price Index to ensure that the legacy maintains its intended value
Residuary legacy – a percentage of your estate
A Residuary gifts allows you to leave either all or a percentage of your estate to Trinity, for example property, shares and bank accounts, after all other pecuniary gifts, debts, fees and other expenses have been paid.
Non-monetary legacy – a specific gifts
You may choose to leave a property, works of art, stocks and shares or other valuables as a bequests to Trinity.
Your solicitor will be able to provide you with more information and advice on which legacy best suits your own needs.