A transfer of a trust beneficiary right is a transfer of the right to benefit from a trust. A trust beneficiary right is the right of a related person to enjoy the benefits of the trust property after it has been managed or disposed of, as provided for in the trust contract. It also includes the right of the relator to enjoy the benefit of the trust property itself as provided in the contract at the end of the trust contract. Trust beneficiary right refers to the beneficiary's right to request the trustee to pay the trust benefits. In addition to the right to request the payment of trust benefits, the beneficiary in the broad sense of trust beneficiary right also has other rights to ensure that the trust benefits can be realized, such as the right to know as stipulated in the Trust Law, the right to adjust the method of management of the trust property, the right to revoke the trustee's disposal in violation of the trust, and the right to dismissal of the trustee. The trust beneficiary right has the following characteristics: Firstly, the trust beneficiary right belongs to the property right with the nature of both property right and claim. The trust beneficiary right is the beneficiary's right and interest in the trust, so the right must be a property right in the first place. Second, a trust beneficiary right is a transferable property right. The right of trust beneficiary right is realized by transferring the pledge, so the right that can be pledged should meet the conditions of transferability.