Types of legacy

The Pecuniary legacy

This form of legacy allows you to give a specific sum of money to MS Ireland.

As the value of a specific sum will decrease over time owing to inflation, it is possible to index-link the sum so that it maintains its current day value.

The Revisionary Legacy

This is an attractive method of providing for your family first and then benefiting MS Ireland. It involves leaving your assets to Trustees so that the beneficiaries can enjoy the income and/or the property during their lifetime, with the whole or portion going to MS Ireland on their death.

The Residuary Legacy

This involves leaving all or part of the Net Residue of your Estate to MS Ireland, after all the pecuniary legacies and any other bequests of property, debts, and other liabilities have been met.

This gift has more flexibility than a pecuniary gift in that you do not quantify the sum of take into account inflation when you draw up your Will.

The Specific or non Money Legacy

You can leave a specific personal possession to MS Ireland. Examples include: property, jewellery, antiques, works of art, stocks and shares.