residuary devise and devisee
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devise — /davayz/ A testamentary disposition of land or realty; a gift of real property by the last will and testament of the donor. When used as a noun, means a testamentary disposition of real or personal property and when used as a verb, means to… … Black's law dictionary
devise — /davayz/ A testamentary disposition of land or realty; a gift of real property by the last will and testament of the donor. When used as a noun, means a testamentary disposition of real or personal property and when used as a verb, means to… … Black's law dictionary
devisee — /davayziy/ The person to whom lands or other real property are devised or given by will. In the case of a devise to an existing trust or trustee, or to a trustee on trust described by will, the trust or trustee is the devisee and the… … Black's law dictionary
devisee — /davayziy/ The person to whom lands or other real property are devised or given by will. In the case of a devise to an existing trust or trustee, or to a trustee on trust described by will, the trust or trustee is the devisee and the… … Black's law dictionary
Abatement of debts and legacies — is a common law doctrine of wills that holds that when the equitable assets of a deceased person are not sufficient to satisfy fully all the creditors, their debts must abate proportionately, and they must accept a dividend.In the case of… … Wikipedia
Legal history of wills — Wills in the Ancient WorldThe will, if not purely Roman in origin, at least owes to Roman law its complete development, a development which in most European countries was greatly aided at a later period by ecclesiastics versed in Roman law. In… … Wikipedia
Ademption — is a term used in the law of wills to determine what happens when property bequeathed under a will is no longer in the testator s estate when the testator dies. For devises of specific items of property, called specific gifts, the property is… … Wikipedia
legatee — le·ga·tee /ˌle gə tē/ n: one to whom a legacy is bequeathed compare devisee, heir, next of kin, successor Merriam Webster’s Dictio … Law dictionary
lapse — 1 / laps/ n: a termination or failure due to events, neglect, or time: as a: the failure of a bequest (as because the intended recipient dies before the testator) compare anti lapse statute b: the termination of an insurance policy because of… … Law dictionary
Will (law) — Last Will redirects here. For the 2011 film, see Last Will (film). Wills, trusts … Wikipedia
