TSEM6059 - Legal background to trusts and estates: the three forms of specific bequests
»Ê¹ÚÌåÓýappre are three forms of specific bequests.
Specific legacy
»Ê¹ÚÌåÓýapp gift is a definite thing that is clearly identified. It may, for example, be ‘my horse Ringmasterâ€�.
General legacy
»Ê¹ÚÌåÓýapp legacy is not confined to one particular thing. It is often money, although ‘the £100 in a tin box under my bedâ€� would be a specific legacy.
Demonstrative legacy
»Ê¹ÚÌåÓýapp legacy specifically refers to the source from which it is to be paid. This could be ‘Â�500 from my building society accountâ€�.
»Ê¹ÚÌåÓýapp executors need to know the type of bequest to carry out their duties properly.