13:13
i heard the group interview is really chill and I'm kinda excited to do it
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Simple English definitions for legal terms
general devise
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A quick definition of general devise:
A general devise is a type of gift that someone can leave in their will. It's different from a specific devise because it's not a particular thing, like a house or a car. Instead, it's a gift of money or a certain amount of the estate's assets. For example, if someone leaves $20,000 to their friend in their will, that's a general devise. The executor of the estate can use any money from the estate to pay for it.
A more thorough explanation:
A general devise is a type of gift that is given in a will and is paid out of the estate's general assets. It is not a specific property, unlike a specific devise. For instance, if someone leaves $10,000 to their niece in their will, it is considered a general devise. The executor of the estate can pay out the $10,000 from any source of funds owned by the deceased person.
On the other hand, a specific devise is a gift that can be identified as a unique, discernable property. For example, if someone leaves their car to their son in their will, it is considered a specific devise.
Another example of a general devise is a gift of a certain percentage of the estate's value. For instance, if someone leaves 10% of their estate to a charity, it is considered a general devise because it is not a specific property.
These examples illustrate the definition of a general devise by showing that it is a type of gift that is not tied to a specific property. Instead, it is paid out of the estate's general assets, which can come from any source of funds owned by the deceased person.