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Legal Definitions - legatarius
Definition of legatarius
The term legatarius refers to the person or entity named in a will to receive a specific gift of property. This gift, often called a legacy or bequest, can be a particular item, a sum of money, or a specific piece of real estate, rather than a share of the entire remaining estate. In modern legal terms, a legatarius is commonly known as a legatee.
Here are some examples illustrating the concept of a legatarius:
Specific Item: In her will, Eleanor states, "I leave my collection of vintage vinyl records to my grandson, Leo." In this scenario, Leo is the legatarius because he is specifically designated to receive a particular set of items from Eleanor's estate.
Monetary Gift: Mr. Davies' will includes the provision, "I bequeath $25,000 to the 'Children's Art Foundation'." The 'Children's Art Foundation' is the legatarius, as it is the named recipient of a specific monetary gift from Mr. Davies' estate.
Real Estate: The will of Dr. Anya Sharma specifies, "My vacation home in the mountains shall pass to my sister, Priya." Priya is the legatarius for that specific piece of real estate, as she is the named recipient of a particular property from Dr. Sharma's estate.
Simple Definition
A legatarius, originating from Roman law, refers to the person who receives a bequest. This individual is the named recipient of specific property or assets left to them in a will, also known as a legatee.