That is you – the person allocating what you own outright or have an interest in through your will
Beneficiary
Each individual who receives something through your will.
Life Estate
Something given to a beneficiary for as long as they live and then it will be otherwise given away through the will. For example, sometimes a spouse will be given a life estate in a place to live or vacation and then the Testators interest in the title to the property will pass through the will to another Beneficiary.
Percentage Bequest (?)
Giving a percentage of what you own to your beneficiaries is the most common way to pass along what you own in whole or in part. For example, I leave the remainder of my entire estate to my 4 children, in equal parts. William Thomas Brady of Tampa Florida, Newton James Brady of Foxboro, Massachusetts, James Thomas Brady of San Francisco, California, and Jacqueline Elizabeth Gronkowski of Tampa, Florida.
Specific Bequests
Something specific given to a specific beneficiary that is separate from the Percentage Bequest For example I give to my daughter Jacqueline Elizabeth Gronkowski of Tampa, Florida my wedding ring and Grant to James Thomas Brady of San Francisco, California my fathers Benelli shotgun.
