What does the term 'devise' refer to in estate planning?

The term 'devise' in estate planning specifically refers to the act of giving or transferring property through a will. When an individual creates a will, they specify how their assets, including real estate and personal property, will be distributed upon their death. In this context, a "devise" is the legal term used when property is passed on to beneficiaries, distinguishing it as an aspect of the testamentary distribution method.

This concept is particularly important because it underscores the intent of the testator (the person making the will) to ensure that their wishes regarding the distribution of their property are clear and legally enforceable after their passing. Understanding this term is essential for anyone involved in crafting or managing estate plans.