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Legal Definitions - legatary

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Definition of legatary

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.

  • John was named as a legatee in his grandfather's will and received a sum of money.
  • Susan was the specific legatee of her aunt's antique collection.
  • David was the residuary legatee of his father's estate and received the remaining assets after all debts and bequests were paid.

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.

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Simple Definition

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.

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