Types of gift
The most common types of gift you may wish to consider making in your Will are listed below.
Pecuniary or Specific
The simplest gift is often a straightforward gift of money, the value of which can be protected from inflation by linking it to an inflation index. You can also give specific gifts-in-kind, such as property, jewellery, works of art, collections of books or papers, intellectual property rights, stocks, shares and even share options.
This is a gift of all, or a share of your estate (including your money, property and personal possessions which you own as at the date of your death) following the distribution of any pecuniary, or specific gifts and payment of any debts and expenses.