question.jpgIn Trusts and Estates

What is a beneficiary of a trust?

A beneficiary is the person who is granted the equitable title of some property, meaning that they get to enjoy the benefits and use of the property but have no control of the property. The trustee, who is given legal title of the property, maintains control of the property for the benefit of the beneficiary. There may be more than one beneficiary to a trust, and unless the trust specifies otherwise, each beneficiary has equal rights to the trust property.