Definitions
A specific devise, is a specific gift in a will to a specific person other than an amount of money. For example, if James's will states that he is leaving his $500,000 yacht to his brother Mike, the yacht would be a specific devise.
A general devise, is a monetary gift to a specific person to be satisfied out of the overall estate. For example, if James's will states that he is leaving $500,000 to his son Sam then the money would be a general devise.
A demonstrative devise, is money given from a particular account. For example, "$10,000 to be paid from the sale of my GM stock."
A residual devise is one left to a devisee after all specific and general devices have been made. For example James's will might say: "I give all the rest, residue and remainder of my estate to my daughter Lilly." Lilly would be the residual devisee.
Read more about this topic: Abatement Of Debts And Legacies
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