What might Shana receive from her mother as part of a devise?

Prepare for the CAS 45-Hour Real Estate Principles Course Test. Use engaging flashcards and detailed multiple choice questions, including helpful hints and explanations. Achieve success in your exam preparation!

In the context of estate planning and inheritance, a "devise" specifically refers to the transfer of real property through a will. When a property owner bequeaths real estate to someone in their will, that property is said to be devised. Therefore, if Shana is set to receive her mother's farm, it means that the farm has been specifically designated in her mother's will to be transferred to Shana upon her mother’s passing.

Other choices like a life insurance policy, monetary inheritance, or a share in a business do not classify as a devise since they generally pertain to personal property or financial assets rather than real estate. Those assets might be distributed through different means, often outside of how a devise functions in terms of real property. Thus, the farm stands out as the correct choice, as it directly aligns with the legal definition of a devise.

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