What are gifts of real estate given by a will referred to as?

Study for the Indiana Auctioneer Licensure Test. Utilize flashcards and multiple choice questions; each question includes hints and explanations. Prepare thoroughly for your exam!

Gifts of real estate given by a will are specifically referred to as a devise. This term is used in legal contexts to denote the act of leaving real property to someone through a will. The use of this term distinguishes it from other types of gifts, such as those involving personal property, which might be classified differently.

Understanding the terminology is crucial for anyone involved in probate law or estate planning, as it clarifies the nature of the gift being discussed. In the realm of wills and estates, the language used outlines the intentions of the deceased and helps ensure that their assets are distributed according to their wishes. In contrast, other terms like title, gift, and grant have different legal implications and are not specific to the transfer of real estate through a will. This reinforces the importance of using precise legal vocabulary in estate planning and auctions where real estate is concerned.

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