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There are several types of bequests that allow you to designate how your estate will be distributed.

Specific Bequest:

You describe exactly what you want to leave to a specific individual or organization and the designated source. If you want to leave a specific dollar amount from a specific source or a particular item (such as an antique or collector's item), this is the type of bequest that you would use.

Example: Kathryn states in her will: "I leave my diamond engagement ring to my granddaughter, Sarah. I also leave my securities to The Nature Conservancy."

General Bequest:

This type of bequest does not specify the source from which it should be paid. This gives your executor the flexibility to honor the bequest from any available source.

Example: Kathryn states in her will: "I leave $50,000 to my son, William."

Residuary Bequest:

This type of bequest is honored after all other bequests have been made, and all debts, expenses and taxes have been paid.  

Example: Kathryn states in her will: "I give all the rest, residue and remainder of my real and personal estate to The Nature Conservancy."

Contingent Bequest:

This type of bequest is fulfilled if certain conditions are met. For instance, if your primary beneficiary does not survive you, you can indicate your next choice through a contingent designation.

Example: Kathryn states in her will: "I give all the rest, residue and remainder of my real and personal estate to my husband, John, if he survives me; if not, then 50 percent in equal shares to my children who survive me and 50 percent to The Nature Conservancy." 

Information that may interest you ...

Find out more about making a gift through your will.

Learn about making a life-income gift that benefits you and nature's future.

You can leave a legacy for nature. Learn about our Legacy Club.

You can protect grasslands and other natural places by making a planned gift with The Nature Conservancy. Contact us today.