One Minute of Legal English

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Tag: Beneficial owner


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Mar
11
2018

Beneficial owner The position of the beneficial owner, by definition, is the one who has certain rights to a property, while the legal title of ownership to the property belongs to someone else. This looks evident but a closer look may disclose some interesting situations in which „beneficiaries” play a role. Beneficiary in property law Beneficiaries or beneficial owners are those who have the right to use a property and obtain the profits thereof. This arrangement generally arises from the so-called tenancy for life (or for a...


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