beneficial

Tending to the benefit of a person; yielding a profit, advantage, or benefit; enjoying or entitled to a benefit or profit. This term is applied both to estates (as a "beneficial interest") and to persons (as "the beneficial owner")

@ beneficial enjoyment

The enjoyment which a man has of an estate in his own right and for his own benefit, and not as trustee for another

@ beneficial estate

An estate in expectancy is one where the right to the possession is postponed to a future period, and is "beneficial" where the devisee takes solely for his own use or benefit, and not as the mere holder of the title for the use of another

@ beneficial holders of securities

In securities law, persons who have the equitable or legal title to shares but who have not registered the shares in their names on the records of the corporation

@ beneficial interest

Profit, benefit, or advantage resulting from a contract, or the ownership of an estate as distinct from the legal ownership or control. When considered as designation of character of an estate, is such an interest as a devisee, legatee, or donee takes solely for his own use or benefit, and not as holder of title for use and benefit of another. In trust law, refers to interest of the beneficiary in right to income or principal of trust funds, in contrast to trustee who holds legal title

@ beneficial owner

Term applied most commonly to cestui que trust who enjoys ownership of the trust or estate in equity, but not legal title which remains in trustee or personal representative.

Equitable as contrasted with legal owner. One who does not have title to property but has rights in the property which are the normal incident of owning the property. The persons for whom a trustee holds title to property are the beneficial owners of the property, and the trustee has a fiduciary responsibility to them

See also equitable owner

@ beneficial power

A power which has for its object the donee of the power, and which is to be executed solely for his benefit; as distinguished from a trust power, which has for its object a person other than the donee, and is to be executed solely for the benefit of such person

@ beneficial use

The right to use and enjoy property according to one's own liking or so as to derive a profit or benefit from it, including all that makes it desirable or habitable, as light, air, and access; as distinguished from a mere right of occupancy or possession. Such right to enjoyment of property where legal title is in one person while right to such use or interest is in another. Christiansen v. Department of Social Security, 15 Wash.2d 465, 131 P.2d 189, 191

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