beneficiary vs legatee

beneficiary and legatee both are nouns.

Word	Noun	Adjective	Verb	Adverb
beneficiary	Yes	Yes	No	No
legatee	Yes	No	No	No

As nouns, legatee is a hyponym of beneficiary; that is, legatee is a word with a more specific, narrower meaning than beneficiary:

Other hyponyms of beneficiary include co-beneficiary, devisee, pensionary, pensioner.

beneficiary (noun)	legatee (noun)
the semantic role of the intended recipient who benefits from the happening denoted by the verb in the clause	someone to whom a legacy is bequeathed
the recipient of funds or other benefits

beneficiary (adjective)	legatee (adjective)
having or arising from a benefice