A person to whom an A tangible or intangible item which is owned and has value. is being conveyed. A grantee might also be a A person for whom property is held, e.g., in a trust, or who is to receive something as a result of a legal instrument, e.g., a will or insurance policy. or an A person who is entitled to receive a decedent’s property, whether under the laws of intestacy, a will, a trust, or a deed. depending on the legal mechanism used to convey the asset.