executory devise

Definition of "executory devise"
  1. A declaration within a will that allocates a future interest in property, conditioned upon specific situations which must happen after the owner's death
How to use "executory devise" in a sentence
  1. A will may include an executory devise where the property only transfers to the beneficiary when they reach a certain age.
  2. An executory devise was written in the will to ensure the property would only transfer if the beneficiary finished college.
  3. The devise of the family estate was set as an executory devise since it would only become effective upon the occurrence of a recurring annual event.

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