Which term refers to a distribution of real property in a will?

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $9.99Unlock all

Prepare for the Estate Planning and Probate Law Exam. Engage with interactive content, flashcards, and multiple choice questions with detailed explanations to boost your understanding. Ace your exam with confidence!

Multiple Choice

Which term refers to a distribution of real property in a will?

Explanation:
The distribution of real property in a will is called a devise. In estate planning language, real estate passed by will uses the term devise, and the recipient is a devisee. Bequests, by contrast, refer to gifts of personal property (money, jewelry, stocks, etc.), with a specific bequest being a gift of a particular item of personal property. A nuncupative will is an oral will, typically used for personal property and often subject to strict formal requirements. So, for real property, the correct term is devise.

The distribution of real property in a will is called a devise. In estate planning language, real estate passed by will uses the term devise, and the recipient is a devisee. Bequests, by contrast, refer to gifts of personal property (money, jewelry, stocks, etc.), with a specific bequest being a gift of a particular item of personal property. A nuncupative will is an oral will, typically used for personal property and often subject to strict formal requirements. So, for real property, the correct term is devise.

More Multiple Choice Questions
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy