The legal title

Rome Reports has revealed that the Pope will continue to be addressed as, "Your Holiness Benedict XVI" while his status will change to Bishop Emeritus of Rome. Good to know. h/t New Advent.

ZENIT delivers the truth:

In a press briefing today at the Vatican, Jesuit Father Federico Lombardi, director of the Holy See Press Office, answered what many have been asking since Pope Benedict XVI announced his resignation: What will his name be after he resigns?
"After he resigns, the Holy Father will be known as 'His Holiness, Benedict XVI, Pope Emeritus or Roman Pontiff Emeritus,'" Fr. Lombardi said. The Holy Father will dress in a simple white cassock without the mozzetta, the elbow length cape worn by popes. 
The Pope will then fly to the Apostolic Palace in Castel Gandolfo where he will be received by Cardinal Giuseppe Bertello and Bishop Giuseppe Sciacca, the president and secretary general of the Governorate of Vatican City State, respectively. Bishop Marcello Semeraro of Albano and civil authorities of Castel Gandolfo are also expected to be present. The Holy Father will then greet the faithful present from the balcony of the Apostolic Palace.
At 8:00 pm, when the time of Sede Vacante officially begins, the Swiss Guards, who are assigned to protect the Roman Pontiff, will take their leave. However, Fr. Lombardi said, the Gendarmerie, or the Vatican police force, will take over as the Pope Emeritus' safety detail.
Fr. Lombardi also confirmed that Benedict XVI will no longer use the Fisherman's Ring, and instead will use an episcopal ring. The task of destroying the ring along with the lead seal of Benedict XVI's pontificate will fall to the Cardinal Camerlengo and his assistants.

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