Search results
Results From The WOW.Com Content Network
The modern view is that where a beneficiary was intended to inherit part of the residuary estate who predeceases the testator, and that beneficiary is not covered by the anti-lapse statute, then that beneficiary's inheritance will return to the residuary estate, to be inherited by the other beneficiaries to whom the residue has been willed.
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).
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.
Some financial products like life insurance or tax-advantaged retirement accounts require you to name one or more beneficiaries. However, that's not the case with many assets. For instance, you ...
For premium support please call: 800-290-4726 more ways to reach us
Continue reading → The post Life Insurance Beneficiary vs. Will appeared first on SmartAsset Blog. Estate planning is crucial to leaving your beneficiaries with your possessions as you intend ...
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]
Brooker v. Brooker (Tex. Civ.App., 76 S.W.2d 180, 183) asserts that "devisee" may refer to "those who take under will without any distinction between realty and personalty ... though commonly it refers to one who takes personal property" under a will.