What is a legatee?

A legatee specifically refers to an individual who receives personal property under a will. This term is traditionally used in the context of estate planning and probate law to designate those who are bequeathed personal items, such as money, stocks, or tangible goods. In contrast, the term that applies to someone inheriting real property is typically "devisee." Understanding these distinctions is crucial in real estate and estate planning as it clarifies the roles and rights of individuals involved in the distribution of an estate's assets.

The reference to personal property is important, as wills can contain various types of bequests, and knowing who falls into each category helps in the proper execution of a will's terms. This definition is foundational in real estate practice, as it influences how estates are managed, particularly in transactions involving the sale or transfer of inherited property.