Modification to achieve transferor's tax objectives

  1. Law
  2. Maine Revised Statutes
  3. PROBATE CODE
  4. INTESTACY, WILLS AND DONATIVE TRANSFERS
  5. GENERAL PROVISIONS CONCERNING PROBATE AND NONPROBATE TRANSFERS
  6. Modification to achieve transferor's tax objectives

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§2-806. Modification to achieve transferor's tax objectives

To achieve the transferor's tax objectives, the court may modify the terms of a governing instrument in a manner that is not contrary to the transferor's probable intention. The court may provide that the modification has retroactive effect.   [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]

SECTION HISTORY

PL 2017, c. 402, Pt. A, §2 (NEW). PL 2017, c. 402, Pt. F, §1 (AFF). PL 2019, c. 417, Pt. B, §14 (AFF).


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