Construction or modification of trust to achieve settlor's tax objectives.

  1. Law
  2. Alaska Statutes
  3. Decedents' Estates, Guardianships, Transfers, Trusts, and Health Care Decisions
  4. Trust Administration
  5. Miscellaneous Provisions.
  6. Construction or modification of trust to achieve settlor's tax objectives.

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(a) The terms of a trust shall be construed to achieve the settlor's tax objectives.

(b) On petition by a trustee, settlor, or beneficiary, a court may modify the terms of an irrevocable trust to achieve the settlor's tax objectives in a manner that does not violate the settlor's probable intent. The court may order that the modification operate retroactively.


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