Who is referred to as the individual that receives property in a will?

The individual who receives property in a will is known as the beneficiary. This term specifically refers to someone who is designated to inherit assets or property from a deceased individual's estate, according to the wishes outlined in the will.

In the context of estate planning, the beneficiary can be a person, organization, or entity named in the will to receive specific items or an overall portion of the estate. This distinguishes them from other roles involved in the administration of the will, such as the executor, who is responsible for managing the decedent's estate, ensuring the will is executed according to its terms, and overseeing the distribution of assets.

This answer emphasizes the integral role of the beneficiary in the testamentary process, as they are the individuals who ultimately receive the benefits and decide how to utilize or manage the inherited property as per the deceased’s directives.