Types of Legacy Gifts that You Can Make

Children playing with 1940s pram

There are many ways of giving and supporting the Museum

A legacy or bequest is a type of gift in your Will and mean the same thing.  There are a number of ways to leave a gift in your Will to Chiltern Open Air Museum (COAM).  Unrestricted legacies enable the Museum to use your gift where the need is greatest at the time.  There are four main types of unrestricted legacy:

Residuary

A residuary legacy is a share (or all) of the remainder of your estate, that can be given to COAM once all other commitments have been settled.

Pecuniary

To leave COAM a fixed cash sum e.g. £1,000.  You can also opt for it to be index-linked to maintain its value in line with inflation.

Reversionary

COAM would be the ultimate beneficiary of your estate, but this type of legacy first ensures you can provide for your loved ones for the rest of their lives.

Specific

This covers a broad range of legacies from royalties, stocks and shares to objects for COAM’s collection.  You can also nominate COAM as a beneficiary under certain insurance policies e.g. life insurance or death-in-service.

Important information

We strongly recommend you consult a qualified legal advisor when preparing or amending your Will.  For help finding a Solicitor, Remember a Charity and The Law Society offer extensive lists.

We are a registered charity (no.272381)


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