Beneficial Interest

Equitable interest in a trust held by the Beneficiary of the trust, as distinguished from the interest of the Trustee who holds legal title. Any person who under the terms of a trust instrument has the right to the income or principal of the trust fund has a beneficial interest in the trust.

Profits or advantages from property derived from the terms of a trust agreement.

A beneficiary of a trust has a beneficial interest in the trust property, the legal title of which is held by the trustee. The beneficiary receives the advantages of ownership of the property which the trustee holds and distributes according to the terms of the trust agreement.