demise

n. 1 death; termination. 2 law transfer of an estate, title, etc. By demising. v. (-sing) law transfer (an estate, title, etc.) By will, lease, or death. [anglo-french: related to *dismiss]

n. Transmission by formal act or conveyance to an heir or successor; transference; especially, the transfer or transmission of the crown or royal authority to a successor.