Section 2-1.14. Consequences of partly ineffective dispositions of trust


Latest version.
  • principal to two or more beneficiaries
        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.