Whenever the remainder of a lifetime or testamentary trust passes,
whether outright or in further trust, to two or more designated
beneficiaries, and such remainder is ineffective in part and no
effective alternative disposition has been made in the governing
instrument, such ineffective part shall pass to the other designated
beneficiary or, if there are two or more other designated beneficiaries,
to such beneficiaries in the proportions that their respective interests
in such principal bear to the aggregate of the interests of such
designated beneficiaries in such principal.
Structure New York Laws
EPT - Estates, Powers and Trusts
Article 2 - Rules Governing Dispositions Subject to This Law
Part 1 - Substantive Rules Governing Dispositions
2-1.1 - Heirs at Law and Next of Kin Defined
2-1.2 - Issue to Take per Capita, per Stirpes or by Representation
2-1.3 - Adopted Children and Posthumous Children as Members of a Class
2-1.4 - Words of Inheritance Unnecessary
2-1.5 - Advancements and Their Adjustment
2-1.7 - Presumption of Death From Absence; Effect of Exposure to Specific Peril.
2-1.9 - Distributions in Kind by Executors and Trustees
2-1.10 - Provisions Relating to Infants and Minors
2-1.11 - Renunciation of Property Interests
2-1.12 - Credit Shelter Formula Bequests
2-1.14 - Right to Rcover State Estate and Gift Taxes Where Decedents Retained Interest