LEGATEE Meaning and
Definition
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A legatee refers to an individual or entity designated to receive a specific sum of money, property, or assets as specified in a will or trust document. The term originates from the Latin word "legatum," which means a bequest or gift made in a will. Legatees are often beneficiaries of the deceased person's estate and are entitled to receive their designated inheritance after the individual passes away.
As stipulated in the will or trust, a legatee has the right to receive a portion of the decedent's estate, which could include real estate, money, investments, personal possessions, or any other form of assets. The legatee's rights and entitlements are legally protected and enforceable by law.
Generally, legatees can be relatives, close friends, charities, or other organizations that the deceased person wishes to benefit after their death. It is important for the legatee to understand the terms and conditions established in the will or trust, as well as any legal obligations or responsibilities that may arise from being a beneficiary.
In summary, a legatee is an individual or entity that is named in a will or trust to receive specific assets or property upon the death of the testator or grantor. The legatee is entrusted with the obligation of collecting and managing the designated inheritance according to the instructions and wishes of the deceased individual.
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One to whom a legacy is left.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Common Misspellings for LEGATEE
Etymology of LEGATEE
The word "legatee" originated from the Latin term "legatarius", which was derived from "legatus", meaning "ambassador" or "deputy". In Roman law, a legate was a high-ranking official or ambassador appointed to represent the interests of the Roman government. Over time, the term "legatarius" came to refer to someone who was named as a beneficiary in a will, to whom the testator left a particular legacy or bequest. This legal sense of the word eventually evolved into "legatee" in English, referring to someone who inherits under a will.
Similar spelling words for LEGATEE
- legato,
- legged,
- leist,
- least,
- ligate,
- Leggett,
- leased,
- Leggitt,
- lest,
- Legette,
- Leight,
- Leighty,
- legate.
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