New York Estates, Powers & Trusts Law Section 6-1.3 - When estate for life of third person is real property; when personal property

6-1.3 When  estate  for  life  of  third person is real property; when
        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.

Last modified: February 3, 2019