New York Estates, Powers and Trusts Code § 6-1.3

When estate for life of third person is real property; when
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§ 6-1.3 When estate for life of third person is real property; when\n          personal property\n  A disposition of real property for the life of a third person, whether\nlimited to heirs or otherwise, is real property only during the life of\nthe grantee or devisee; after his death it is personal property.\n

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