Bequest

An asset you leave to someone after you die. These items are the kind of thing included in a will, as in "And to my beloved niece Samantha, I leave my rare collection of miniature pewter tea kettles."

Bequests don't just go to individuals though. You can bequeath (that's the verb form, btw) things to organizations and charities as well. For instance, when famed real estate and hotel mogul Leona Helmsley died in 2007, she included instructions in her will to create a trust valued at $12 million for her dog (she had left her grandkids $5 million each). A judge eventually cut the dog's share to $2 million, according to Forbes.