In a single trust, the trustor may designate one or more beneficiaries and such successors as the trustor may wish in case that the beneficiary cannot or does not accept the trust, or having accepted it, dies before the same is executed.
If two or more beneficiaries have been designated, they shall receive equal benefits, unless otherwise provided in the trust instrument.
History —Aug. 31, 2012, No. 219, § 37.