Warning
Info
Warning
Info
Simple English definitions for legal terms
pecuniary devise
Read a random definition: procurement
A quick definition of pecuniary devise:
A pecuniary devise is when someone gives money or property to someone else in their will. It's like a special gift that the person can only get after the person who wrote the will passes away. Sometimes, the will might say that the gift goes to someone else if the first person can't take it. There are different types of pecuniary devises, like ones that depend on something happening in the future or ones that are paid from a specific source.A more thorough explanation:
A pecuniary devise is a type of gift given through a will. It refers to a specific amount of money or property that is left to a person or organization. In the United States, the term "devise" can refer to any type of property given through a will, not just real estate.
For example, if a person writes in their will that they want to leave $10,000 to their niece, that is a pecuniary devise. Another example would be if a person leaves a specific piece of jewelry to their best friend.
These examples illustrate how a pecuniary devise is a specific gift given through a will, rather than a general distribution of property. It is important to note that a will must be legally valid and meet certain requirements in order for a pecuniary devise to be enforceable.