Which type of devise is a fixed amount of cash payable from a designated fund, not tied to a particular asset?

• A. Demonstrative devise
• B. Specific devise
• C. General devise
• D. Residuary devise

Answer: (A)

This item tests how a gift is funded in a will. A demonstrative devise sets a fixed cash amount to be paid from a designated fund or source, rather than tied to a specific asset. The gift follows the designated fund as its source, and if that fund doesn’t fully cover the amount, the shortfall can come from the rest of the estate. That combination—a fixed sum and a named funding source—defines a demonstrative devise.

This differs from a specific devise, which is tied to a particular asset identified in the will (like a specific ring or parcel of property). A general devise is a fixed sum payable from the estate’s general assets without pointing to a designated fund. A residuary devise covers what remains of the estate after all specific, general, and demonstrative gifts are satisfied.