Browse Proptionary encyclopedia

Build your real estate vocabulary to be able to communicate and invest more effectively and professionally.

Devise

DEFINITION

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

EXPLANATION

A devise refers to the transfer of property through a will. If there are multiple wills, the most recent document will be used. If there are previous wills or distribution documents, the testator must indicate that the current will is the only valid will, and that it supersedes any previous documents and/or arrangements. Older wills are not valid and do not constitute legal proof of one’s interest in a property.

The term devise is synonymous with the word bequest which is the granting of property from one party to another.

Sign Up

Start expanding your real estate knowledge

Already have an account?
By signing up to create an account I accept Proptionary’s

Join Us

Get ahead by signing up for the latest real estate, investment and financial articles.