N.Y. Estates, Powers and Trusts Law 6-5.6 – Meaning of heirs, distributees and issue in certain remainders
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§ 6-5.6 Meaning of heirs, distributees and issue in certain remainders
Terms Used In N.Y. Estates, Powers and Trusts Law 6-5.6
- 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.
When a remainder is limited to take effect on the death of any person without heirs, heirs of the body, distributees or issue, the word "heirs", "heirs of the body", "distributees" or "issue" mean such persons living at the death of the person named as ancestor.