受托人享有普通法上的所有权，受益人享有衡平法了的所有权。
Legal ownership rests with the trustee, and equitable ownership rests with the beneficiary.
对于信托财产，英美法系赋予受托人“普通法上的所有权”和受益人“衡平法上的所有权”，其原因在于英美法系普通法与衡平法的分野。
In the countries of Anglo-American Law System, the trustee has the legal title of the trust property, while the beneficiary has the equitable title of it.
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