Legatee, Heir, Beneficiary, and Devisee: What Are the . . . - LegalZoom A legatee inherits personal property (jewelry, vehicles, cash, etc ) while a devisee inherits real property, such as the family home Under current laws, though, the main difference between a legatee and a devisee is simply the governing state law
What Is A Devisee In Probate? Key Differences, Rights Process A devisee is an individual or entity designated in a last will and testament to inherit real property, such as land, residential homes, or commercial buildings, from a deceased person’s estate In estate planning and probate law, the term “devisee” carries specific legal significance
What are the Differences Between Heirs, Beneficiaries, and Devisees . . . A “devisee” is any person designated to receive real or personal property in a decedent’s will “Beneficiary” is a broad term, and may refer to a person who receives property from a trust, or anyone who receives the proceeds of an insurance or annuity policy, pension, financial account, or security with a designated “transfer on
What Is a Devisee? - SmartAsset Typically, a devisee is an individual who receives real estate property from another person through the latter’s last will and testament Their inheritance is strictly land and real estate, not personal property These days, a devisee does not need to be related to the decedent
What Is a Devisee? – Policygenius A devisee is typically someone who receives real property (the devise) through a will Real property includes real estate and land “Devisee” may be defined more generally in some state legal codes to include personal property
What is a Devisee - The Probate Pro A devisee is a person or entity named in a will to receive a gift The term derives from the legal act of “ devising ” property Key characteristics include: For instance, if a will states “I leave my house to my sister Maria,” Maria is legally a devisee
Devisee vs. Legatee — What’s the Difference? A devisee is a person named in a will to inherit real property, while a legatee, also known as a beneficiary, inherits personal property or assets as specified in the will A devisee is specifically involved in the context of real estate or immovable property inheritance
devisee - Meaning in Law and Legal Documents, Examples and FAQs A devisee is a person who receives property or assets through a will When someone passes away and leaves behind a will, the devisee is the one named in that will to inherit specific items or property