What does the word devise mean in legal terms?

A testament or will is a legal document that allows you to distribute your assets after your death. It is created by an individual who wishes to distribute their belongings after their passing. In order to legally create a testament or will, a person must have testamentary capacity, which means that they are legally capable of making rational decisions. A testament often includes a list of beneficiaries, and the will then legally determines who will receive the assets.

What does the word devise mean to a judge?

A testament is a legal document which is created by an individual to describe their wishes for the division of their estate after their death. When a will is created, the individual can designate how the property they own will be distributed among their heirs.

What does the term devise mean in the US?

The term devise is used when you create a testament or will. A testament is a legal document that outlines what will happen to your property after your death. It states who can receive the property and how they will be given. Testaments also declare who will take control of your estate, such as your spouse, children, or even a trust.

What does devise mean in deed?

A devise is a gift of a particular piece of property to someone in the will of the testator (the person who wrote the will). Commonly, the will names the person who will receive the property as the primary beneficiary or the sole beneficiary. This can be a single person, or it can be a trust. A trust is an entity set up by the will that holds property for the primary beneficiary until they reach a certain age, at which time the property is given to them.

What does the word devise mean in estate planning?

A testament is a legal document in which an individual declares their last wishes regarding the final division of their assets and other property when they pass away. The will is sometimes referred to as a testamentary instrument, or simply a will.