Types of Legacies There are many ways to express your commitment to the Albert Kennedy Trust in your Will. Your solicitor or financial advisor will be able to provide guidance to balance your personal and charitable intentions. Common types of legacy gifts can include: Residuary A gift of the remainder of the estate after all other bequests have been made and debts cleared is called a residuary bequest. Pecuniary A gift of a fixed sum of money in your Will is called a pecuniary bequest. The value of pecuniary legacies will decrease over time, as the cost of living increases. Specific A particular named item of value left as a gift in your Will, is known as a specific bequest for example a piece of artwork or property. Contingent A gift in your Will that depends upon the occurrence of an event which may or may not happen is known legally as a contingent bequest. 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). Want to find out more? If you'd like to talk to us about leaving a gift to AKT in your Will, please Carre Reiners, our Director of Fundraising, [email protected], , or call us on 0207 831 6562 - we'd love to hear from you.