N.Y. Estates, Powers & Trusts Law § 2-1.15: Consequences of partly ineffective dispositions of trust

§ 2-1.15 Consequences of partly ineffective dispositions of trust

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.