Legal and Beneficial Ownership of Property: An Overview of the Pecore v Pecore (2007) SCC 17 Case

In the world of property ownership, there are two ways in which a person can own land – legal ownership and beneficial ownership. The legal owner holds the right to the legal interest in the land, while the beneficial owner is entitled to the financial benefits of the property. The Pecore v Pecore (2007) SCC 17 case provides a clear definition of the legal and beneficial interests in a property, as well as the differences between the two. This article will explain the legal interest and beneficial interest in property, and how they can be separated through a trust. Additionally, the article will provide information on how to find out who the legal owner of a property is and the key terms related to property ownership