Beneficiary Interest
/ˌbɛnɪˈfɪʃɛri ˈɪntrɪst/
Definitions
- (n.) A legal right or share in property or assets held in trust or under a will, entitling the beneficiary to some benefit or distribution.
The beneficiary interest in the trust entitles her to receive income annually.
- (n.) The equitable interest held by a person who is entitled to benefit from a trust or estate, distinct from legal title.
Though the trustee holds legal title, the beneficiary interest remains with the beneficiaries.
Forms
- beneficiary interest
- beneficiary interests
Related terms
See also
Commentary
Beneficiary interest denotes an equitable right distinct from legal ownership; drafting should clarify the nature and extent of such interest to avoid confusion with legal title.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.