executory devise
- A declaration within a will that allocates a future interest in property, conditioned upon specific situations which must happen after the owner's death
- A will may include an executory devise where the property only transfers to the beneficiary when they reach a certain age.
- An executory devise was written in the will to ensure the property would only transfer if the beneficiary finished college.
- 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.
Provide Feedback
