What is a legatee?

A legatee is defined as a person who receives a legacy, which refers specifically to a gift of money or personal property left to them in a last will and testament. This term is commonly used in the context of estate planning and probate law, where individuals may designate legatees in their wills to inherit specific assets upon their passing.

The concept is anchored in the understanding that a legacy is not necessarily tied to real property, but rather pertains to personal property or monetary gifts. This distinction is vital in estate matters, helping to clarify the distribution of a deceased person’s assets. Recognizing legatees in this light allows them to claim and manage the designated legacies as specified in the will, ensuring that the decedent’s wishes are honored.

Understanding the role of a legatee is crucial for anyone involved in real estate transactions or estate planning, as it affects how assets are passed down through generations.