SolvedTSEM6059 | Legal background to trusts and estates: the three forms of specific bequests
From HM Revenue & Customs · Trusts, Settlements and Estates Manual
There are three forms of specific bequests.
Specific legacy
The gift is a definite thing that is clearly identified. It may, for example, be ‘my horse Ringmaster’.
General legacy
The legacy is not confined to one particular thing. It is often money, although ‘the £100 in a tin box under my bed’ would be a specific legacy.
Demonstrative legacy
The legacy specifically refers to the source from which it is to be paid. This could be ‘£500 from my building society account’.
The executors need to know the type of bequest to carry out their duties properly.