What is a Legatee?

Legatees are the individuals or organizations named in a will to receive a bequest, which is a gift of property or money. A legatee is someone who inherits property or assets from a deceased person's estate.

For example, if John Doe leaves $10,000 to his niece, Jane Smith, in his will, then Jane Smith is a legatee of John Doe's estate. She will receive the $10,000 as a bequest from the estate.

It's important to note that legatees are not the same as beneficiaries. Beneficiaries are individuals or organizations who receive benefits from a trust or insurance policy, while legatees are specifically named in a will to receive property or assets.

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