Which statement is true regarding a devisor and a devisee?

Study for the 75 Hour Broker Pre Licensing Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

The statement regarding the devisor and a devisee that is true is that the devisor must be the owner of the property at the time of gifting. The devisor is the individual who bequeaths property through a will and, in order to legally transfer that property as part of their estate, they must have ownership over it at the time the will is executed. This ensures that the devisor has the legal right to transfer the property to the devisee, who is the recipient of the property.

Understanding this relationship is crucial because it highlights the legal principle that only an owner can transfer property rights. For example, if an individual does not own the property or has already transferred it to someone else before their death, they cannot devise that property to another individual in their will.

The other statements do not accurately reflect the definitions or responsibilities associated with a devisor and a devisee. The recipient of the property is indeed the devisee, while the devisor is not the creator of the will but rather the one who provides the gift through it. Additionally, the responsibility for taxes on inherited property typically falls to the estate or may vary depending on jurisdiction, rather than being assigned strictly to the devisee.

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