Devisee
A devisee is an individual or entity that receives a specific property or asset under the terms of a will or trust. Devisees are often named by the testator (the person who makes the will) to ensure that their wishes regarding the distribution of their estate are carried out after their death. The property received by the devisee may include real estate, personal property, or other assets, which are transferred according to the stipulations in the legal document.
Devisee meaning with examples
- In her last will and testament, Sarah named her son as the devisee of her family cottage, reflecting her desire for him to cherish their cherished memories together. Upon her passing, the estate executor ensured the transfer to honor her wishes while also educating her son about the responsibilities tied to inheritance.
- John, a devoted uncle, named his niece as the sole devisee of his extensive library of rare books, knowing well that she shared his love for literature. With this legacy, he hoped to inspire her continued appreciation for the written word as well as to pass a part of his identity down to her.
- Upon reviewing the will, James was surprised to discover that he was listed as a devisee of his grandfather's vintage car collection. While he had not expected such a gift, he felt a deep sense of pride in being entrusted to care for and maintain a piece of the family's history.
- The estate of the late architect included several properties, and the devisees were required to work together to decide how to manage and maintain them. They organized regular meetings to discuss the best approaches for preserving their shared inheritance while honoring the legacy left by their beloved relative.