Oregon Revised Statutes Chapter 130 § 130.550 — When
Oregon Revised Statutes Chapter 130 ·
Oregon Code § 130.550·Enacted ·Last updated March 01, 2026
Statute Text
When
trust assets pass to descendants of beneficiary; class gifts.
Unless otherwise provided by the
terms of the trust instrument, when property is to be distributed under the
trust to any beneficiary who is related by blood or adoption to the settlor,
and the beneficiary dies leaving lineal descendants either before the settlor
dies or before the time set in the trust instrument for distribution, the
descendants take by right of representation the property the beneficiary would
have taken if the beneficiary had not died. Unless otherwise provided by the
terms of the trust instrument, this section applies to a beneficiary who is
entitled to receive property under a class gift if the beneficiary dies after
the trust instrument is executed. [Formerly 128.385]
Plain English Explanation
This Oregon statute addresses When
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 130.550
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses When
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