- 1 Marks
Question
The person who receives a real property under a Will is a:
A. Legatee
B. Remainder man
C. Personal representative
D. Annuitant
Answer
B. Remainder man
Explanation:
A remainder man is the individual who inherits or receives real property after the end of a prior interest, such as a life estate. A legatee typically refers to someone receiving personal property (not real estate), and an annuitant is someone entitled to an annuity.
- Tags: Inheritance, Real Property, Trusts and Estates, Wills
- Level: Level 1
- Topic: Taxation of Trusts and Estates
- Series: NOV 2020
- Uploader: Dotse