Modification to achieve transferor's tax objectives.

  1. Law
  2. New Mexico Statutes
  3. Uniform Probate Code
  4. Intestate Succession and Wills
  5. GENERAL PROVISIONS
  6. Modification to achieve transferor's tax objectives.

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To achieve the transferor's tax objectives, the district court may modify the terms of a governing instrument in a manner that is not contrary to the transferor's probable intention. The district court may provide that the modification has retroactive effect.

History: 1978 Comp., § 45-2-806, enacted by Laws 2011, ch. 124, § 33.

ANNOTATIONS

Recompilations. — Laws 2011, ch. 124, § 33 recompiled former 45-2-806 NMSA 1978 as 45-2-808 NMSA 1978 and enacted new section as 45-2-806 NMSA 1978, effective January 1, 2012.


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