A bequest can come in many different forms and be directed to a specific or general purpose.
A gift in a Will may include a fixed sum of money, a percentage of asessts or residues of estates.
Residuary of an Estate – the remainder of thee Estate after specific gifts have been disbursed.
A percentage of an Estate – a percentage of the entire Estate or residue.
Pecuniary – a specific gift of cash.
Specific asset – this could include real estate, works of art or jewellery, shares or bonds.