New York § 7-5.7 Multiple beneficiaries

New York Statutes

§ 7-5.7 — Multiple beneficiaries

New York § 7-5.7

Law EPTEstates, Powers & Trusts

Part 5Bank Accounts In Trust Form

Art. 7Trusts

This text of New York § 7-5.7 (Multiple beneficiaries) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Estates, Powers & Trusts § 7-5.7 (2026).

Text

§ 7-5.7 Multiple beneficiaries\n  (a) Whenever any proceeds of a trust account would pass pursuant to\nsection 7-5.2 to two or more beneficiaries, such proceeds shall pass to\nsuch beneficiaries in equal proportions, unless the terms of the trust\nprovide otherwise.\n  (b) Whenever any proceeds of a trust account would pass pursuant to\nsection 7-5.2 to two or more beneficiaries, and one or more of the\nbeneficiaries predeceases the depositor, such proceeds shall pass to the\nsurviving beneficiary or beneficiaries in equal proportions, unless the\nterms of the trust provide otherwise.\n

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§ 7-5.7 Multiple beneficiaries\n (a) Whenever any proceeds of a trust account would pass pursuant to\nsection 7-5.2 to two or more beneficiaries, such proceeds shall pass to\nsuch beneficiaries in equal proportions, unless the terms of the trust\nprovide otherwise.\n (b) Whenever any proceeds of a trust account would pass pursuant to\nsection 7-5.2 to two or more beneficiaries, and one or more of the\nbeneficiaries predeceases the depositor, such proceeds shall pass to the\nsurviving beneficiary or beneficiaries in equal proportions, unless the\nterms of the trust provide otherwise.\n