Modification to achieve settlor's tax objectives

  1. Law
  2. Maine Revised Statutes
  3. TRUSTS
  4. MAINE UNIFORM TRUST CODE
  5. CREATION, VALIDITY, MODIFICATION AND TERMINATION OF TRUST
  6. Modification to achieve settlor's tax objectives

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§416. Modification to achieve settlor's tax objectives

To achieve the settlor's tax objectives, the court may modify the terms of a trust in a manner that is not contrary to the settlor's probable intention. The court may provide that the modification has retroactive effect.   [PL 2003, c. 618, Pt. A, §1 (NEW); PL 2003, c. 618, Pt. A, §2 (AFF).]

SECTION HISTORY

PL 2003, c. 618, §A1 (NEW). PL 2003, c. 618, §A2 (AFF).


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