Guide to Gift Giving in a Will

Posted by Gregory Singleton | Feb 23, 2021 | 0 Comments

Wills are the foundation of estate planning documents. But just because they are central doesn't mean they are simple. In today's video we discuss gift giving in wills: both what are the options and what are some of the pitfalls of doing things wrong. 

Essentially there are three kinds of gifts that can be given in a will:

  1. Specific Gifts: I give Bob my teddy bear named Fred.
  2. General Gifts: I give Bob one of my teddy bears, which may or may not be Fred.
  3. Residue Gift: I give Bob everything I own, which just so happens to include my teddy bear named Fred.

If you are thinking of having a will drawn up or have questions about your current will, then please contact Signature Law for a free consultation.

About the Author

Gregory Singleton

Trusted Legal Advisor Gregory Singleton is a skilled attorney, experienced in both litigation and transactional work. He has tried multi-million-dollar cases and has negotiated multi-billion dollar contracts. With Signature Law, his goal is to make the law accessible to you, your families, and y...

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