TSEM6059 - Legal background to trusts and estates: the three forms of specific bequests
There are three forms of specific bequests.
Specific legacy
The gift is a definite thing that is clearly identified. It may, for example, be 鈥榤y horse Ringmaster鈥�.
General legacy
The legacy is not confined to one particular thing. It is often money, although 鈥榯he 拢100 in a tin box under my bed鈥� would be a specific legacy.
Demonstrative legacy
The legacy specifically refers to the source from which it is to be paid. This could be 鈥樎�500 from my building society account鈥�.
The executors need to know the type of bequest to carry out their duties properly.