Definition - What does Legatee mean?

A legatee is a person who is given property through a will. In the context of the law, last wills and testaments are legally binding. So, if a person is named a legatee in a will and testament, then they are entitled to the property that is named to them in the will.

Justipedia explains Legatee

It is common for people to name their spouse, their children or their next of kin as their legatees. In this way, decedents can make sure that they keep the property within the family. However, even if a person receives a lot of property through a will by being named as a legatee, they will still have to pay the estate tax.

A person can name whomever they want to be a legatee, within legal boundaries.

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