This document will allow the owner of a beneficial interest in property to transfer that interest to one or more people. A person has a beneficial interest in property if they are entitled to the benefit and enjoyment of that property. Property may be held by and in the name of one person on behalf of and for the benefit of another. The person holding the property has a legal interest in the property; the person for whose benefit the property is held has a beneficial interest in the property. The transfer may be by gift or for money. It can be used for any type of property, such as a house or flat, a bank account or a painting or car. Please note that this document can only be used in England & Wales and it cannot be used to deal with legal interests in property.