Section 7-5.7. Multiple beneficiaries  


Latest version.
  • (a)  Whenever  any  proceeds of a trust account would pass pursuant to
      section 7-5.2 to two or more beneficiaries, such proceeds shall pass  to
      such  beneficiaries  in equal proportions, unless the terms of the trust
      provide otherwise.
        (b) Whenever any proceeds of a trust account would  pass  pursuant  to
      section  7-5.2  to  two  or  more  beneficiaries, and one or more of the
      beneficiaries predeceases the depositor, such proceeds shall pass to the
      surviving beneficiary or beneficiaries in equal proportions, unless  the
      terms of the trust provide otherwise.