3B:6-3 - Division of property, two or more beneficiaries - New Jersey Statutes

3B:6-3.  Division of property, two or more beneficiaries
    Where two or more beneficiaries are designated to take successively by reason of survivorship under another person's disposition of property and there  is no sufficient evidence that these beneficiaries have died otherwise than  simultaneously, the property thus disposed of shall be divided into as many  equal portions as there are successive beneficiaries and these portions shall  be distributed respectively to those who would have taken in the event that  each designated beneficiary had survived.

     L.1981, c. 405, s. 3B:6-3, eff. May 1, 1982.