{"id":8437,"date":"2017-11-19T01:39:48","date_gmt":"2017-11-19T01:39:48","guid":{"rendered":"https:\/\/reunitethestates.org\/?page_id=8437"},"modified":"2018-05-22T20:26:24","modified_gmt":"2018-05-22T20:26:24","slug":"beneficial-interest-a-right-or-expectancy-in-something-as-opposed-to-legal-title","status":"publish","type":"page","link":"https:\/\/reunitethestates.org\/?page_id=8437","title":{"rendered":"beneficial interest – a right or expectancy\u00a0of value, worth, or use in property one does not own.(i.e a trust or estate) as opposed to legal title; a beneficiary’s interest"},"content":{"rendered":"

\u00a0\u00a0\u00a0\u00a0 This page is continued from Ownership<\/a> >>>> Interest<\/a>:<\/span><\/strong><\/p>\n

************************<\/p>\n

beneficial interest<\/span>:<\/span><\/strong><\/span>
\n(18c)<\/span><\/span><\/p>\n

1. A right or expectancy in something (such as a trust or an estate), as opposed to legal title to that thing.\u00a0 *\u00a0 For example, a person with a beneficial interest in a trust receives income from the trust but does not hold legal title to the trust property.<\/strong> [1]<\/span><\/p>\n

1. An expression with variable meaning, dependent on the context in which it appears; that which remains of the estate of a decedent after the payment of debts and the expenses of administration. 28 Am JRev ed Inher T\u00a0\u00a7 388<\/span>; such an interest<\/a>\u00a0as a devise takes solely for his own use or benefit, and not as the mere holder of the title for the use of another. People v McCormick<\/em>, 208 Ill 437, 70 NE 350<\/span>; the right of one having an owner of appointment to appoint himself. 41 Am J1st Pow\u00a0\u00a7 3<\/span>; the interest<\/a>\u00a0<\/span>in a tract of land, the title to which is in the government, of one who has done everything to entitle him to a patent not yet issued by the government to him. Montana Catholic Missions v Missoula County<\/em>, 200 US 118, 127, 50 L Ed 398, 402, 26 S Ct 197<\/span>; an interest<\/a>\u00a0<\/span>that will result in an appreciable gain to the\u00a0<\/span>holder<\/span>. <\/span><\/span>Cox’s Appeal, 126 Me 256, 137 A 771, 53 ALR 208<\/span>; an interest<\/a>\u00a0<\/span>of value, worth, advantage, or use. <\/span><\/span>Re Duffy, 228 Iowa 426, 292 NW 165, 128 ALR 943<\/span>.<\/span><\/span><\/strong> [2]<\/span><\/span><\/p>\n

1. An interest<\/a>\u00a0<\/span><\/span>of value, worth, or use in property one does not own. \u00a0EXAMPLE: the interest<\/a>\u00a0<\/span><\/span>that a beneficiary of a trust has in the trust.<\/span><\/strong><\/p>\n

2. A property interest that inures solely to the \u00a0benefit of the owner.<\/span><\/strong><\/p>\n

3. That which remains of the estate of a decedent after the payment of debts and the expenses of administration.<\/span><\/strong><\/p>\n

4. The right of a person having a power of appointment to appoint himself.<\/strong> [3]<\/span><\/p>\n

References:<\/span><\/span><\/strong><\/p>\n

Disclaimer:<\/span><\/span><\/strong> All material throughout this website is compiled in accordance with Fair Use<\/a>.<\/span><\/strong><\/p>\n

[1]: Black’s Law Dictionary <\/a><\/span><\/strong>Deluxe<\/b><\/span><\/a><\/em> Tenth<\/b><\/span><\/a><\/em> Edition<\/b><\/span><\/a><\/em> by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4 <\/span><\/strong><\/p>\n

[2]: Ballantine\u2019s Law <\/a><\/span><\/strong>Dictionary\u00a0<\/b><\/span><\/a><\/strong>with<\/b><\/span><\/a><\/em> Pronunciations<\/b><\/span><\/a><\/em> Third Edition<\/a>\u00a0by James A. Ballantine\u00a0<\/span><\/strong>(James Arthur 1871-1949).\u00a0\u00a0<\/span><\/em>Edited by William S. Anderson.\u00a0\u00a0\u00a9 1969 by THE LAWYER\u2019S CO-OPERATIVE PUBLISHING COMPANY.\u00a0 Library of Congress Catalog Card No. 68-30931<\/span><\/strong><\/p>\n

[3]:\u00a0\u00a0Ballantine\u2019s Law Dictionary <\/a><\/span><\/strong>Legal<\/b><\/span><\/a><\/em> Assistant<\/b><\/span><\/a><\/em> Edition<\/b><\/span><\/a><\/em>
\nby Jack Ballantine\u00a0<\/span><\/strong>(James Arthur 1871-1949).\u00a0\u00a0<\/span><\/em>Doctored<\/span><\/a><\/strong>\u00a0<\/span><\/em>by\u00a0Jack G. Handler,\u00a0J.D.<\/a>\u00a0\u00a9 1994 Delmar by Thomson Learning.\u00a0 ISBN 0-8273-4874-6.<\/span><\/strong><\/p>\n

************************ <\/span><\/p>\n

Back to Interest<\/a><\/span><\/strong><\/span><\/p>\n

Back to\u00a0Ownership<\/a><\/span><\/strong><\/span><\/p>\n

Back to <\/span><\/span><\/strong>Property<\/span><\/a><\/strong><\/p>\n

Home Page<\/span><\/a><\/strong><\/p>\n

Like this website?<\/span><\/span><\/strong><\/p>\n

Offer a contribution to Wild Willpower PAC<\/span><\/a><\/strong><\/p>\n