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.