55-1-27. Certain remainder interests not property interests.
64 words·~1 min read·
/sd/title-55/chapter-55-1/55-1-27A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Although a remainder interest may be an enforceable right, where it is not absolutely certain based on the language of the trust that the remainder interest will be distributed within one year, it may not be classified as a property interest. This section does not affect eligibility for any public assistance program administered by the Department of Social Services pursuant to § 28-1-1 .