{"jurisdiction": "us-ny", "code": "eptl", "section": "7-5.7", "citation": "EPTL § 7-5.7", "heading": "Multiple beneficiaries", "text": ["§ 7-5.7 Multiple beneficiaries", "(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."], "official_source": "https://www.nysenate.gov/legislation/laws/EPT/7-5.7", "from_official_api": true, "plain_english": "When trust-account proceeds pass to **2 or more beneficiaries**, they take **equal shares unless the trust says otherwise**. ★ If a beneficiary dies before the depositor, the surviving beneficiaries divide the proceeds equally unless different terms apply.", "in_force_on": "2026-05-31", "retrieved": "2026-09-27", "url": "https://elyphived.com/us-ny/eptl/7-5.7", "publisher": "Elyphived LLC"}