Devisable definitions
| Word backwards | elbasived |
|---|---|
| Part of speech | Adjective |
| Syllabic division | de-vis-a-ble |
| Plural | The plural of the word devisable is devisables. |
| Total letters | 9 |
| Vogais (3) | e,i,a |
| Consonants (5) | d,v,s,b,l |
Devisable refers to something that can be devised or bequeathed as part of a will or testament. In legal terms, the concept of devisable involves the ability to transfer property or assets to a beneficiary through a will.
Key Features
One of the key features of devisable property is that it can be passed down to heirs according to the instructions set forth in a legally valid will. This allows individuals to designate who will inherit their assets after their passing.
Types of Devisable Property
Devisable property can include real estate, personal belongings, investments, and any other assets that can be legally transferred through a will. It is important for individuals to clearly outline their wishes regarding devisable property in their will to avoid any confusion or disputes among beneficiaries.
Legal Requirements
In order for property to be considered devisable, certain legal requirements must be met. These requirements typically include the property owner being of sound mind and legal age at the time of creating the will, as well as following the necessary formalities required by the law.
Benefits of Devisable Property
One of the main benefits of devisable property is that it allows individuals to have control over who will receive their assets after their passing. By clearly outlining their wishes in a will, individuals can ensure that their property is distributed according to their specific instructions.
Probate Process
After the passing of the property owner, the will must go through the probate process to validate its legality. During this process, the court will ensure that the will meets all legal requirements and that the devisable property is distributed according to the wishes of the deceased.
Conclusion
In conclusion, devisable property plays a crucial role in estate planning and allows individuals to have control over the distribution of their assets after their passing. By understanding the concept of devisable property and following the necessary legal requirements, individuals can ensure that their wishes are carried out and their loved ones are taken care of.
Devisable Examples
- The property was deemed devisable among the heirs after the owner passed away.
- The terms of the will made the estate devisable to specific family members.
- Legal experts discussed the devisable assets of the deceased individual.
- The lawyer explained the devisable nature of the trust fund to the beneficiaries.
- The real estate developer considered the devisable options for dividing the land into plots.
- The accountant analyzed the devisable income from the investment portfolio.
- The judge ruled on the devisable portion of the disputed inheritance.
- The financial planner advised on the best strategies for devisable assets to minimize taxes.
- The siblings discussed how to fairly split the devisable personal belongings of their late parents.
- The executor of the estate calculated the devisable amount each heir would receive.