Legacies 

Leaving money to a charity in a will is referred to as a legacy, there are 2 types of legacies:

1. Pecuniary legacies are where someone, in a will, specifies that, say, £2,000 should be left to a person or organisation.
   
   
2. Residuary legacies are where, after all the pecuniary legacies have been paid out, the remainder (ie residuary) of the dead persons estate goes to a person of organisation. In legacy marketing residuaries tend to be more valuable but pecuniaries are easier to achieve.