Property Ownership
A devisee in a North Carolina will is a person who:
AManages the estate as executor
BReceives real property through a will✓ Correct
CHolds property in trust for others
DChallenges the will in court
Explanation
A devisee is a person who receives real property (a devise) under the terms of a will. Property rights and ownership forms are governed by North Carolina state law and common law principles..
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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