6-1.3 - When Estate for Life of Third Person Is Real Property; When Personal Property

NY Est Pow & Trusts L § 6-1.3 (2019) (N/A)
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personal property

A disposition of real property for the life of a third person, whether limited to heirs or otherwise, is real property only during the life of the grantee or devisee; after his death it is personal property.