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Depending upon local custom, legatees may be called "devisees". Traditionally, "legatees" took personal property under will and "devisees" took land under will.
The person identified in such a clause is called the residuary taker, residuary beneficiary, residuary legatee, or residuary devisee. [2] Such a clause may state that, in the event that all other heirs predecease the testator, the estate would pass to a charity (that would, presumably, have remained in existence).
Under section 2-604(b) of the uniform probate code, "if the residue is devised to two or more persons, the share of a residuary devisee that fails for any reason passes to the other residuary devisee, or to other residuary devisees in proportion to the interest of each in the remaining part of the residue."
Heirs property, or heirs' property, refers to property that is passed between generations of family members without the involvement of local probate courts, without a will or formal estate strategy. [1] Heir property is commonly viewed as an unstable form of ownership, since co-owners often have limited rights over the property. [2]
Devisee – beneficiary of real property under a will. Distribution – succession to personal property. Executor / executrix or personal representative [PR] – person named to administer the estate, generally subject to the supervision of the probate court, in accordance with the testator's wishes in the will.
A series of connected deaths across the country are tied to a group called the "Zizians," experts say. Firings of key bird flu response personnel leave the response to the disease in a precarious ...
Part of the will of William Shakespeare, which uses "give, device, and bequeath." A devise is the act of giving real property by will, traditionally referring to real property. [1]
Jeanne Vaccaro, a scholar and curator from Kansas, always wanted to become a bumper sticker person. For years, she collected stickers from artists, musicians and bookstores, but she kept them away ...