# Which type of legacy?

**Source**: https://www.leeds.ac.uk/leaving-a-gift-in-your-will/doc/which-type-of-legacy
**Parent**: https://www.leeds.ac.uk/give-to-leeds

Because everyone’s circumstances are different, we recommend you seek professional advice about which type of legacy to gift to the University of Leeds.

## Types of legacy

### Pecuniary

If you’d like to give a specific sum of money, choose a pecuniary legacy. Because inflation can erode its value over time, it’s good practice to review your will regularly. Better yet, specify a percentage of your estate rather than a fixed sum, or index-link your legacy.

### Residuary

You can give the remainder of your estate (or a percentage of the remainder) after all pecuniary legacies, debts and other expenses have been paid. This is a residuary legacy and its main advantage is that inflation does not erode its value.

### Reversionary

Your family or friends can be provided for while also benefiting the University when you gift a reversionary legacy. You’ll leave assets to a chosen beneficiary to enjoy during their lifetime, with the whole, or a proportion, passing to the University at their death.

### Conditional

When you choose a conditional legacy, you would name the University as a beneficiary should any, or all of, your other named beneficiaries die before you.

### Specific or non-monetary

You can bequeath specific assets such as property, valuables, works of art or stocks and shares. The University may sell non-financial gifts and use the proceeds in keeping with your wishes.

### Pension funds and life insurance policies

You can nominate the University of Leeds as a whole or joint beneficiary of a pension fund or life insurance policy. If you’re thinking about supporting the University in this way, we recommend that you seek professional advice.

## More help with leaving a legacy to Leeds

See our [suggested wording for pecuniary and residuary legacies](https://www.leeds.ac.uk/leaving-a-gift-in-your-will/doc/suggested-wording-pecuniary-residuary-legacies) for general purposes.

If you’d like suggested wording for a legacy for a specific purpose, [email Jessica Mifsud-Bonnici, Senior Development Officer (Legacies), at give@leeds.ac.uk](mailto:give@leeds.ac.uk). You can also contact us by post: Advancement Team, University of Leeds, Leeds, LS2 9JT.