Types of Legacy

Residuary Legacy

Leaves all or part of your estate remaining after all other bequests have been made and expenses have been met. This is the safest way to ensure your legacy retains its value.

Pecuniary Legacy

Leaves a specified, set sum of money. You can index link the amount to the Retail Price Index to avoid the problems associated with inflation.

Specific Legacy

Leaves a specified possession which you gift to the College. This may be in the form of property, valuables, works of art or stocks and shares.

Reversionary Legacy

Is a gift allowing you to leave assets to the College whilst giving a named person the benefit of the assets during his or her lifetime.

There are a number of other types of legacies that you can give and your solicitor will be able to advise you of these in more detail.

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