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

Study for the CAS 45-Hour Real Estate Principles Course Test. Utilize flashcards and multiple choice questions to prepare thoroughly. Each question is paired with hints and explanations. Get ready to excel in your exam!

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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