Please review the types of bequests that allow you to designate how your estate will be distributed.

Specific Bequest: You describe exactly what you want to leave to a specific organization and the designated source. If you want to leave a specific dollar amount from a specific source or a particular item (such as an antique or collector's item), this is the type of bequest that you would use.

Example: John states in his will: "I leave my grandfather’s watch to my son, Mark. I also leave my securities to Institute for Cultural Change."

General Bequest: This type of bequest does not specify the source from which it should be paid. This gives your executor the flexibility to honor the bequest from any available source.

Example: Sally states in her will: "I leave $50,000 to my son, John."

Residuary Bequest: This type of bequest is honored after all other bequests have been made, and all debts, expenses and taxes have been paid.

Example: Jo states in his will: "I give all the rest, residue and remainder of my real and personal estate to Institute for Cultural Change."

Contingent Bequest: This type of bequest is fulfilled if certain conditions are met. For instance, if your primary beneficiary does not survive you, you can indicate your next choice through a contingent designation.

Example: Sally states in her will: "I give all the rest, residue and remainder of my real and personal estate to my husband, John, if he survives me; if not, then 50 percent in equal shares to my children who survive me and 50 percent to Institute for Cultural