N.Y. Estates, Powers and Trusts Law 6-5.9 – Heirs or distributees of creator take as purchasers
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§ 6-5.9 Heirs or distributees of creator take as purchasers
Terms Used In N.Y. Estates, Powers and Trusts Law 6-5.9
- 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.
Where a remainder is limited to the heirs or distributees of the creator of an estate in property, such heirs or distributees take as purchasers.