What is a Next Devisee? A Comprehensive Legal Overview
Definition & Meaning
The term "next devisee" refers to the person designated to receive the remaining interest in an estate that is held in tail. An estate in tail is a type of property ownership that limits inheritance to specific heirs. This means that the next devisee is the individual who will inherit the property once the current holder's interest ends.
Legal Use & context
The concept of the next devisee is primarily used in estate planning and probate law. It is relevant when discussing the distribution of property after someone's death, particularly in cases involving estates in tail. Understanding who the next devisee is can help in determining how an estate will be divided and managed. Users may find legal forms and templates useful for drafting wills or trusts that specify the next devisee.
Real-world examples
Here are a couple of examples of abatement:
Example 1: A person creates a will that states their property will be passed to their child, who will hold it in tail. Upon the child's death, the next devisee, as specified in the will, will inherit the property.
Example 2: A trust document names a next devisee to inherit a family estate once the current trustee passes away. This ensures the property remains within the family lineage. (hypothetical example)