Consider ControlA
and ControlB
where ControlA is a content control meaning it can contain other controls.
<ControlA>
<ControlB />
</ControlA>
Logically the Parent property of the ControlB instance is an instance of ControlA in this case.
However if you were to look at Template
setter of the default style of ControlA you may find complex Xaml containing some visual state management and a hierarchy of Borders and Grids and finally buried in that lot there is a ContentPresenter
where the child control will be placed.
Recursively looping up VisualTreeHelper.Parent will find each element defined in the template from the ContentPresenter
up to the "logical" parent element and then beyond.