How to make a bequest?
When writing your will, consider making a provision for the good work we still need to do.
Consider a specific bequest: Specific bequests are the most common. You might write in your will a specific dollar amount, a specific asset or a specific percentage of your estate.
You might consider a residual bequest or remainder of your estate. A residual bequest is the remaining portion of your estate after all other expenses, taxes and bequests have been made.
A contingent bequest might be the most appropriate option. The contingent beneficiary is only entitled to receive the bequest under certain conditions - for example, a direct beneficiary is not available to receive their portion of the estate.