Word: legal owner
Definition:
A person recognized by law as having legal title to property, though not necessarily the beneficial use of it.
Sample Sentence:
The trustee was the legal owner of the estate, while the beneficiary held the equitable interest.
Why It Matters:
Understanding legal vs. equitable ownership is key in trust and property law.
Quick Tip:
Don’t confuse legal title with full control; beneficial ownership may reside elsewhere.
Source: https://legal.thomsonreuters.com/blog/legal-glossary/
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