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To have a beneficial interest in some property (of any type) is to have a right to use or enjoy that property for your own purposes. If you hold property on trust for another person, then that person has the beneficial interest and you don't.
The term `beneficial interest' is almost synonymous with EquitableInterest, except that some writers use the former term to encompass both legal, as well as equitable, rights when they don't want to specify whether they're writing about one or the other. If I say that I have the beneficial interest in a piece of land, for example, I am saying that I have the use and enjoyment of that land, but I'm not saying whether I have that use and enjoyment through equitable principles or not.
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