Which term refers to a property owner's legal rights in a trust?

The term that refers to a property owner's legal rights in a trust is indeed "Beneficiary Rights." In the context of trusts, beneficiaries are individuals or entities that are entitled to benefit from the assets held in the trust. These rights can include the right to receive income generated by the trust's assets, the right to access the trust’s assets under certain conditions, and the right to be informed about the administration of the trust.

Beneficiary rights are fundamental to the functioning of trust law, as they outline the entitlements of the beneficiaries concerning the property held in trust. Understanding these rights is essential for recognizing how trust arrangements operate and the protections they offer to the beneficiaries.

The other terms mentioned refer to different roles or aspects within trust management. Vesting rights pertain to the legal rights granted upon the completion of certain conditions, whereas settlor rights refer to the powers of the individual who establishes the trust. Grantor rights, on the other hand, are associated with the person who creates and funds a trust, similar to the settlor. Each of these roles has distinct legal implications that differ significantly from those of a beneficiary.