Simple English definitions for legal terms
Read a random definition: Social Security statement
A legatee is someone who is named in a will to receive personal property or money after someone dies. They can also be someone who is given real property in a will. There are different types of legatees, such as a general legatee who receives a specific amount of money from the estate, a residuary legatee who receives what is left over after all other gifts have been given, and a specific legatee who receives a specific item or property. A universal legatee is a type of residuary legatee who receives everything left in the estate.
Definition: Legatee is a person who is named in a will to receive personal property or a bequest. It can also refer to a person who is given a devise of real property.
These examples illustrate how legatee refers to a person who receives property or assets through a will or bequest. The first example shows how John received a sum of money, while the second example shows how Susan received a specific item. The third example demonstrates how David received the remaining assets of his father's estate.