Modification to achieve settlor's tax objectives.

  1. Law
  2. New Mexico Statutes
  3. Uniform Trust Code
  4. Creation, Validity, Modification and Termination of Trust
  5. Modification to achieve settlor's tax objectives.

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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.

History: Laws 2003, ch. 122, § 4-416.

ANNOTATIONS

Effective dates. — Laws 2003, ch. 122, § 11-1106 made the act effective July 1, 2003.

Law reviews. — For article, "The New Mexico Uniform Trust Code," see 34 N.M.L. Rev. 1 (2004).


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