There are three main ways you can leave a gift:

Residuary – leave a share in, or all of, what is left of the value of your estate after you have provided for family and friends. The advantage of leaving a share is that it stays the same over time and you won’t need to change your will to keep up with inflation.

Pecuniary – a set sum of money. You can index link your gift if you wish, to stop it losing value over time.

Specific – This is an item you wish to leave and could be anything from jewellery, a piece of art, to a house.