probate valuations

A Will enables you to include legacies which can be gifts of specific items of your personal property, for example, ‘I give my wine collection to James Mackenzie’.

If you wish to leave specific legacies it is extremely important that they are clearly defined so as not to cause a problem later.

It goes without saying that if the item left in your Will does not exist at your death the gift fails - the person due to receive the gift does not become entitled to any substitute property.

Legacies can also be sums of money, known as pecuniary legacies, for example ‘I give £100 to James Mackenzie’.