It remains with the person and Re Vandervell case has proven that only the Beneficial interest disappears but not the beneficiary interest.
2.
What this means is that a partial beneficiary interest, of one to ninety-nine percent, can be given ( assigned ) to a co-beneficiary without triggering a lender's alienation recourse ( i . e ., the due-on-sale penalty requiring immediate satisfaction in-full of the mortgage loan.
3.
By federal law a transfer to a trustee in an inter vivos trust ( to which classification a " residential property land trust " belongs ) cannot be considered a due-on-sale ( " due-on-transfer " ) violation unless all of one's beneficiary interest would have been transferred to another.
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