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Devise

DEFINITION

Legal term used to describe the process of granting property from one person to another by will.

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.

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