N.Y. Estates, Powers and Trusts Law 6-4.3 – Definition of a remainder
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§ 6-4.3 Definition of a remainder
Terms Used In N.Y. Estates, Powers and Trusts Law 6-4.3
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
A remainder is a future estate, as defined in 6-4.2, created in favor of a person other than the creator.