Bequests

Bequest

A bequest is a financial term describing the act of giving assets such as stocks, bonds, jewelry, and cash, to individuals or organizations, through the provisions of a will or an estate plan. Bequests can be made to family members, friends, institutions, or charities.*

There are four main forms of Bequests

Universal – Contingent – Specific – Residual

 

 

*Source