What does devise mean in a will?

A testamentary gift is a gift that is included in a will. When you leave a will to someone you designate, you have given them a testamentary gift. In wills, there are three types of testamentary gifts: specific, general, and residuary. One of the most common types of testamentary gifts made in wills is the gift of life estate. A life estate is a testamentary gift that gives another person the right to use, and possibly, own, the property until the test

What does devise mean in British wills?

When using a will, an individual can designate an item to be given to a beneficiary upon their death. This item is called the “devise.” The will is a legal document that details the individual’s wishes regarding the disposal of their estate after they pass away.

What does devise mean in legal terms?

A testament is a legal instrument through which a person states his wishes regarding the distribution of his property after his death. Under the law, a will is required to be executed with testamentary intent. The will must be an authentic document signed by the testator (the person who creates the will) and witnesses.

What does devise mean in wills law?

Devise is a term of legal art that refers to a single bequeathment within a will. This is the portion of the will that passes the testator’s estate to a particular beneficiary. In wills, the term “devise” is often used interchangeably with the term bequest.

What does the word devise mean in law?

A testamentary gift is a transfer of property made in a will. If a will says a beneficiary receives the whole of an estate, it is called a remainder, and if it says the beneficiary receives a life estate, it is a life estate with a remainder. A testamentary gift is also known as a legacy. When the term is used in wills, it is often used in the singular, meaning the whole of an estate, and that is how it is used in this article.